The bottom line swung back to a profit of €52,465,000 ($57.7 mm) from a €28,287,000 loss in the fiscal fourth quarter ended Sep. 30 on a 2% increase in sales to €455,764,000 ($500.8 mm) over €374,543,000. Wholesale posted 26% growth to €240.2 million, while DTC was up 18% to €214.9 million. All geographies posted double-digit gains in the quarter as the Americas was up 20% to €225.3 million, and Europe also grew 20% to €171.8 million. APMA jumped 37% to €57.9 million.

Gross margin contracted 640 b.p. to 59.0% on several non-cash, ... Log in to view full article.