Increase in Net Sales
Net sales for the fourth quarter increased 6.2% to $80 million compared to $75.3 million in the fourth quarter of fiscal 2023, with a 9% increase excluding the impact from the extra week.
Growth in Wholesale Segment
The wholesale segment saw a 26.7% increase, driven by earlier shipments of spring products to wholesale partners.
Improvement in Gross Margin
Gross profit in the fourth quarter was $40.1 million or 50.1% of net sales, compared to $34.2 million or 45.4% of net sales last year, driven by lower promotional activity and product costing.
Operational Efficiency Gains
Transformation plan delivered over $10 million in savings in fiscal 2024, contributing to improved operational efficiency.
Successful Customer Engagement
Double-digit growth in full-price customers and 9% growth in the highest customer spending tier in Q4.