New Store Openings and Comps
26 new stores from the 2022-2024 vintages in the comp base with high single-digit comps in Q3. An additional 24 stores expected next year.
Omnichannel Growth
Omnichannel growth accelerated from 10% in Q1 to 18% in Q2 and 22% in Q3.
Gross Margin Improvement
Gross margin rate increased to 35.7%, up 170 basis points from last year.
Consumer Demographic Shift
High-income consumers (over $100,000) now represent 40% of sales, with traffic from these cohorts growing in the high single digits.
Strong Black Friday Performance
Achieved the largest Black Friday weekend ever, building on the previous year's record.
Jordan and Nike Brand Success
High single-digit growth in the combined Jordan and Nike brands, bringing in new higher-income customers.