Solid Net Sales Growth
Reported net sales increased by 5% or 7% on a like-for-like basis, highlighting strong performance in the first quarter of 2025.
Successful Brand Performance
Top brands such as Coach, Jimmy Choo, and Donna Karan/DKNY performed exceptionally well, contributing to the overall growth.
Expansion of Gross Margin
Gross margin expanded by 120 basis points to 63.7% from the prior year period, driven by favorable brand and channel mix.
Operational Efficiency
Operating income increased by 10% to $75 million, with an improved operating margin of 22%, indicating enhanced operational efficiency.
Strong E-commerce Growth
E-commerce continues to grow rapidly, driven by platforms like Amazon, Vivabox, and TikTok shop, enhancing digital presence and consumer engagement.