Topping guidance above and below the line, WWW’s Q1 net income jumped by two-thirds to $20.2 million from $12.1 million, as revenues grew 11% to $457.6 million from $412.3 million with double-digit gains from Merrell and Saucony. International sales soared 20% to $249.6 million, but some of the improvement was due to the weak dollar, and constant-currency sales grew 13% overseas. U.S. sales expanded 2% to $208.0 million. Direct-to-consumer sales were 3% higher, accounting for $99.3 million. Gross margin was flat at 47.6%, with more full-price sales and recent price increases ... Log in to view full article.