Strong Start to 2025
The company reported a strong start to fiscal 2025 with high single-digit organic net revenue growth, up 9% for Q1.
Direct-to-Consumer Growth
Direct-to-Consumer (DTC) channel grew by 12%, driven by positive comp growth, successful new openings, and strong e-commerce performance.
U.S. and International Revenue Growth
U.S. business revenue increased by 8%, while international revenue grew by 9%, with market share gains in both men's and women's segments.
Women's Segment Growth
Women's segment continued double-digit growth, now representing 38% of net revenues.
Record Gross Margin
Gross margin was a record at 62.1% for the quarter, expanding by 330 basis points relative to last year.
E-commerce Performance
E-commerce channel was up 16%, with improvements in conversion rates and customer satisfaction scores reaching the highest level ever.