The bottom line contracted 87% to $7,682,000 in the fiscal first quarter ended June 30 from $59,207,000 last year, on revenues that inched down to $1,349,057,000 from $1,351,534,000 with wholesale up 3% but direct-to-consumer falling 7%. Store revenue dipped 8%, while e-commerce was down 6% and represented 39% of the $520.8 million in total DTC sales. The strong dollar impacted international sales, and total revenue would have been up 2% constant currency. Under Dog estimates about 10 percentage points of sales were lost due to order cancellations dating from last year’s ... Log in to view full article.