Strong international growth compensated for tepid U.S. sales in the first quarter, resulting in net income of $321,421,000, up 11% from $290,405,000 a year ago, as revenues grew 10% to $2,208,891,000 compared to $2,000,792,000. Global comps increased 6%. Women’s increased 10%, men’s grew by 15% and accessories gained 2%, lapping a very strong quarter for the belt bag last year. Brick-and-mortar sales outperformed e-commerce, growing 12% in the quarter compared to 8% digital growth.

U.S. sales inched up just 2%, but an 11% ... Log in to view full article.