Exceeding Expectations in Net Sales
Net sales for the second quarter were $613 million, well ahead of guidance, driven by the Wholesale segment.
Strong Financial Position
Ending the quarter in a net cash position of $286 million after repurchasing $25 million in shares, compared to last year's net neutral cash position.
Growth in Key Owned Brands
DKNY, Donna Karan, Karl Lagerfeld, and Vilebrequin continue to show healthy growth and are expected to grow at a mid-single-digit rate this year.
Expansion in Retail and Strategic Initiatives
Consolidating warehouse networks, optimizing North American operations, and investing in technology and infrastructure for improved efficiency.
Successful Marketing Campaigns
High visibility campaigns featuring cultural icons like Paris Hilton and Hailey Bieber have garnered billions of impressions, boosting brand engagement.
Positive Brand Performance and Expansion
Brands such as Donna Karan and Karl Lagerfeld have seen increased door counts and better penetration, with Donna Karan projected to potentially become a $1 billion brand in the coming years.