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