Net income increased by 14% to $103,090,000 from $90,728,000 in the third quarter as strong international sales drove a 15% top line gain to $1,353,998,000 from $1,176,395,000 that would have been up 17% constant currency. Despite the year-over-year improvements, the bottom line results missed expectations, sending shares down 5% in after hours trading. The U.S. business was up 7% including a return to growth for domestic wholesale, which gained 5%. Pairs shipped were up 2% with an average price increase of 3%. Management expects momentum to continue into Q4 for domestic wholesale with another quarter of year-over-year growth.

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