Adjusted EPS for fiscal Q1 beat consensus, up 22% yr/yr
Company repurchased $250 mln of stock in the quarter
Key details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$1.96 bln
$1.87 bln (15 Analysts)
Q1 Adjusted EPS
Beat
$4.59
$4.32 (15 Analysts)
Q1 EPS
$4.28
Q1 Gross Margin
73.70%
Q1 Operating Margin
17.50%
Result drivers
Asia and North America growth - Double-digit revenue growth in Asia and North America led overall performance, with Asia up 24% and North America up 13% yr/yr
Direct-to-consumer sales - Global direct-to-consumer comparable store sales increased low-double-digits, driven by both digital and brick-and-mortar retail channels and 15% AUR growth
Wholesale sales acceleration - Wholesale sales accelerated to mid-teens growth on healthy underlying demand, aided by resumed shipments and timing shifts
