馃敼 Revenue: $1.40B (Est. $1.34B) 馃煝; DOWN -6% YoY
馃敼 EPS: $0.08 (Est. $0.03) 馃煝; BEAT by $0.04
馃敼 Gross Margin: 47.5% (Est. 46.83%) 馃煝; UP +240bps
馃敼 Net Income: $1M (Est. $19.84M) 馃敶
Guidance:
馃敻Q1'25 EPS: $0.28 - $0.30 (Est. $0.29) 馃煛
馃敻FY25 Revenue Decline: ~10%
Segment Revenue:
馃敼 North America: $844M; DOWN -8% YoY
馃敼 International: $558M; DOWN -1% YoY
馃敼 Wholesale: $705M; DOWN -1% YoY
馃敼 DTC: $673M; DOWN -9% YoY
Product Sales:
馃敼 Apparel: $966M; DOWN -5% YoY
馃敼 Footwear: $301M; DOWN -9% YoY
馃敼 Accessories: $110M; UP +6% YoY
Operational Metrics:
馃敼 SG&A: $638M; UP +6%
馃敼 Operating Income: $14M; DOWN -80%
馃敼 Adj. Operating Income: $60M; DOWN -65%
Key Updates:
馃敻 Restructuring Plan: Anticipated charges $140M - $160M, with $75M cash-related & $85M non-cash.
馃敻 Distribution Center Closure: Rialto, California site shutdown.
馃敻 Marketing Initiative: Multi-year brand storytelling & influencer strategy launched.
CEO:
馃敻 "We鈥檙e improving margins, optimizing costs, and driving long-term brand strength."