"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."
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.
Read at 24/7 Wall St.
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