Strong Q1 Performance
Net sales increased by 3% year-over-year, reaching the high-end of guidance, and earnings per diluted share of $0.49 exceeded expectations.
Successful Disney Collaboration
The Disney collaboration was a major success, exceeding expectations with strong consumer engagement, including 1.8 billion online impressions.
Positive Dual Channel Traffic
Both in-store and online traffic were positive, outperforming third-party benchmarks.
International Sales Growth
International retail sales grew approximately 10% year-over-year.
Strong Gross Margin Expansion
First quarter gross profit rate of 45.4% exceeded expectations with a 160 basis points increase compared to the prior year.