Exceeded Expectations in Q3
Revenue decline of 6% to $1.4 billion was better than the outlook of a 10% decline. Gross margin increased by 240 basis points to 47.5%.
Improved Full-Year Outlook
Raised full-year revenue decline expectation to approximately 10% from low-double-digit contraction. Adjusted operating income outlook increased by $15 million.
Strong Performance in EMEA
EMEA revenue increased by 5%, with growth in DTC and full-priced wholesale business.
Innovation in Footwear
Launch of De'Aaron Fox's signature shoe, the Fox 1, and upcoming launch of SlipSpeed Echo Footwear.
Marketing and Brand Strategy
Refined marketing strategies focusing on storytelling and brand connection, with a significant multi-year brand activation initiative planned.