Revenue was up 10% at the luxury sneaker brand to €173.2 million for Q1, led by a 19% boost to direct-to-consumer sales on double-digit comp gains and new store contributions, along with strong digital results. The global store fleet closed at 232 doors. The gains were damped by a 16% decline in wholesale on unfavorable timing shifts in EMEA, choppy U.S. market conditions, and strategic downsizing in South Korean e-commerce. The top line flowed down to adjusted EBITDA of €55.3 million, representing ... Log in to view full article.