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Performance was driven by a successful transition to a four-season brand, with closed-toe penetration increasing 500 basis points as management expands usage occasions beyond traditional sandals.
Direct-to-Consumer (DTC) growth of 16% outpaced wholesale for the first time in two years, fueled by a 50% increase in own retail revenue and high single-digit same-store sales.
Management attributed the 23% constant currency growth in APAC to high-quality, premium positioning, specifically noting that China grew over 50% and now represents the company's highest Average Selling Price (ASP) market.
Strategic scarcity and disciplined distribution maintained a 93% full-price realization in EMEA despite a broader market environment characterized by heavy promotional activity.
#high
Performance was driven by a successful transition to a four-season brand, with closed-toe penetration increasing 500 basis points as management expands usage occasions beyond traditional sandals.
Direct-to-Consumer (DTC) growth of 16% outpaced wholesale for the first time in two years, fueled by a 50% increase in own retail revenue and high single-digit same-store sales.
Management attributed the 23% constant currency growth in APAC to high-quality, premium positioning, specifically noting that China grew over 50% and now represents the company's highest Average Selling Price (ASP) market.
Strategic scarcity and disciplined distribution maintained a 93% full-price realization in EMEA despite a broader market environment characterized by heavy promotional activity.
#high
3 months ago
