Net income at the vertical luxury outerwear brand increased by 33% in 2018 to €332,395,000 ($392.4 mm) from €249,688,000 as revenues improved 19% to €1,420,074,000 ($1,676.6 mm) from €1,193,704,000, accelerating from 2017’s gains of 27% and 15%, respectively. Comp store sales jumped 18% with all regions posting double-digit gains. Gross margin was up 60 basis points to a heady 77.4%, but the company has kept SG&A steady as a percent of revenues. Sales at the company’s fleet of owned stores improved 22% to €1,086.5 million, outstripping an 11% wholesale increase to €333.6 million, with the higher margin retail segment now ... Log in to view full article.