Q: Hi team,
Can you provide your thoughts on the quarter?
Thanks!
Can you provide your thoughts on the quarter?
Thanks!
5i Research Answer:
Revenue of $293 mln beat estimates of $259 mln and EPS of $0.14 beat estimates of $0.11. For revenues, the outlook for the next year was in-line but the EPS outlook came in lower than expected which is likely what is weighing on shares. Total revenues grew 31% for the quarter and the company is working to expand their direct to consumer channel as well as diversifying into different types of apparel. We think the quarter looked ok and demand trends appear to remain strong but the lower earnings guide was not ideal.