In the first quarter, the U.S. experienced flat comparable store sales with weak foot traffic, even with new product launches and brand activations. In contrast, China's revenue soared by 45%, boosted by a 35% comp increase and the opening of several new stores. While the company maintained its full-year guidance, concerns about margin pressures are beginning to impact investor confidence, indicating a potential challenge ahead despite strong performance abroad.
U.S. comps flat in Q1; traffic weak despite newness and brand activations.
China revenue surged +45%, driven by 35% comp and double-digit new stores.
FY guidance maintained but margin pressures weigh on investor confidence.
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