Activewear Sales Growth
First quarter sales of $712 million, up 2.3% year-over-year, driven by strong Activewear sales growth of 9%.
Gross Margin Improvement
Gross margin was 31.2%, a 90-basis point improvement over the prior year, primarily due to lower raw material costs.
Strong Financial Position
Ended the quarter with net debt of about $1.8 billion and a leverage ratio of 2.2x net debt to adjusted EBITDA, well within targeted range.
ESG Achievements
Included in S&P's 2025 Sustainability Yearbook for the 13th consecutive year and in CDP's leadership band for climate change disclosures.
Innovation Pipeline
Exciting innovation pipeline with new products like Soft Cotton Technology, Plasma Print, and Color Blast, enhancing market share gains.
Maintained 2025 Guidance
Reconfirmed guidance for 2025, expecting mid-single digit net sales growth and adjusted EPS growth in the mid-teen range.