Net income was up nearly six fold to $318,954,000 from $56,551,000, on revenues that rose 93% (+88% CC, +79% over Q2 ‘19) to $640,773,000 from $331,549,000. The bottom line benefited from a one-time tax benefit of $175,690,000 on the realization of deferred tax assets related to the Q4 ’20 transfer of international intellectual property rights. Excluding the benefit and other one-time impacts in Q2 last year, adjusted net income was $144,379,000 compared to $68,775,000.

Total footwear sales hit 29.1 million pairs for the quarter, up 79% over last year and 53% over ’19, while ASP was up 8% to $21.84 on ... Log in to view full article.