Strong Revenue GrowthSustained top-line momentum with record quarterly sales and double-digit currency-neutral growth indicates broad demand across markets. Durable revenue expansion supports operating leverage, funds reinvestment in product and DTC channels, and underpins medium-term margin recovery.
Improving ProfitabilityGross margin expansion to the low-50% range and positive EBIT performance signal structural improvement in product mix, pricing power, and cost control. Higher sustainable gross margins increase resilience to cost shocks and provide room for reinvestment in marketing and innovation.
Direct-to-Consumer & Brand StrengthA diversified DTC model (retail + e-commerce) and strong brand collaborations create higher-margin sales channels and better customer data. Durable channel mix supports margin sustainability, faster new-product scale, and stronger pricing/loyalty advantages versus wholesale-dependent peers.