Shares declined 3.3% following earnings, reflecting investor disappointment with a cautious outlook despite steady top-line growth and margin expansion.
- Organic net revenues rose 6%, with Asia up 12% and the U.S. up 6%.
- Direct-to-consumer revenue increased 8%, marking the 17th consecutive quarter of comparable sales growth.
- Global wholesale grew 3%, driven by strength in U.S. wholesale channels.
- Margin expansion and earnings growth were reported, supported by brand strength and marketing initiatives.
- Despite raising full-year sales and EPS guidance, the cautious outlook tempered investor enthusiasm, leading to the stock decline.
Community Discussion