Strong Revenue Growth
Revenue grew approximately 7% in the third quarter, in line with long-term targets, driven by Merrell and Saucony.
Record Gross Margin
Achieved another quarter of record gross margin, contributing to an adjusted EPS growth of more than triple the rate of top line growth.
Saucony's Exceptional Performance
Saucony grew 27% in the third quarter, driven by broad-based growth across channels and markets.
Merrell's Consistent Growth
Merrell's revenue increased by 5% in the third quarter, driven by low double-digit growth in wholesale.
Successful Cost Management
Gross margin improved by 240 basis points compared to the prior year, with a 50 basis point improvement above expectations.
Positive DTC Growth for Saucony
Saucony's DTC business was a bright spot, up mid-teens in their e-commerce business.