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Management attributed the significant improvement in adjusted operating income to tariff claim refunds received during the quarter, while also noting gross profit expansion driven by elevated ****** ortment, disciplined sourcing, and improved markdown management.
Retail segment softness was primarily driven by a 200 basis point headwind from seasonal sandals, which suffered from early weather-related challenges and failed to rebound.
The company achieved 150 basis points of core gross margin expansion through disciplined markdown management and elevated ****** ortments, despite operating in a highly promotional market environment.
Brand portfolio growth of 18% was fueled by double-digit wholesale increases, demonstrating the successful scaling of exclusive brands like Topo and Jessica Simpson across multiple distribution channels.
#operating #gross #expansion
Management attributed the significant improvement in adjusted operating income to tariff claim refunds received during the quarter, while also noting gross profit expansion driven by elevated ****** ortment, disciplined sourcing, and improved markdown management.
Retail segment softness was primarily driven by a 200 basis point headwind from seasonal sandals, which suffered from early weather-related challenges and failed to rebound.
The company achieved 150 basis points of core gross margin expansion through disciplined markdown management and elevated ****** ortments, despite operating in a highly promotional market environment.
Brand portfolio growth of 18% was fueled by double-digit wholesale increases, demonstrating the successful scaling of exclusive brands like Topo and Jessica Simpson across multiple distribution channels.
#operating #gross #expansion
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