Good joining Executive Aaron, morning and Chief Chief Goldfarb, me Officer; Officer; President; and President. Neal With for Miller, Operating Wayne Financial us. you Vice Chairman Sammy Nackman, our Jeff are our today Vice thank and Our
performance. year the a pleased have to We’re begun solid first with quarter
our regardless North in brands, critical where the suit partners the today, in major dresses, demonstrate in or to to understands continue to ability We know To the access including the with footwear and are that to resource tough consumers’ unprecedented that options, for categories, many transaction winning to formula. choice shopping it the to Although online handbags, the marketplace, of to retail prosper landscape is G-III be continues and product information America. our Strong sportswear, to whether dominant supplier trends, a performance a and shopping we outerwear, environments. continue online. separates, retail point, change great store execution, we apparel, occurs, and consumers and how of diversified habits continue be having our brick mortar in and and distribution
also are markets important in the We presence world. increasing our around
in the continued Our exceeded both bottom drive wholesale first line. top to our our quarter, again, and with expectations, the respect business which to results
as million first we A continue quarter. our to were to quarter. This Our outperformed return sales performed as to our business financial profitability. retail increase we expected, last Net to operations business highlights $XXX the size compared year. and this the for right up an for to few $XX million, XX% plans push
to share first non-GAAP $X.XX quarter we’ve first shortly, diluted income sales last loss year. guidance year’s Net plans in quarter, fiscal our detail first net as the quarter for in Neal net our was of will per and were income our per for both quarter. above net Our compared the a raised $X.XX and non-GAAP share
let’s Now, own with our retail results, operations. you some provide more starting details our on
We continue to in business. this progress make improving
Bass, with in comparable quarter at While half sales comparable emphasis first we of slightly sequentially of We’ve compared the quarter, first fourth improved year’s full from the fiscal to created merchandising XXXX. year sales Bass and down performance the which last much year. second in XX%. of increase larger result on approximately apparel, a quarter and better benefits will believe had the is doing Wilsons the changes
on a the improving We’re and continuing assortment Wilsons creating to to work on at value better consumers.
January about on locations target Wilsons. to XXX and starting lead our Bass point set are by lines is both continued outerwear XX, store paying the outerwear of merchants at expertise stores of to building for for and and fiscal our rationalize From skill the We’re year, of to off. we the it our stores, Wilsons XXX beginning last close XXXX. the leveraging portfolio of We’ve now the wholesale
already we’ve closed today, As of of locations. XX XXX the
in were well outlet that been are These Lagerfeld, stores retail centers we have to very expect the X goal million on to with tracking our swing to performed achieve financial have lessen leases profile exit. high results. performance a roughly drag segment. Year-over-year, all stores that and expensive to of million overall is profitability. We Karl in our have our would to to long-term of operation to in reduction repurposed annual This $XX retail losses helping in us $XX deliver achieve
return to it We to eliminate from and business operating is what necessary will to do continue losses this profitability. ultimately
strength had brand to business wholesale drill we’ll a stellar of quarter, give and level is our another the down Our from. to coming sense where you better
was business up Klein Calvin digits. double Our
category Our suit outperformers our for strongest amongst were separates and dress the quarter.
business returns brand great This double quarter, forefront has expertise been PVH’s from as brands, world’s vision and broadening business Again, large ascendancy solid categories. consistently strongest by us. in and for well-diversified of the see execution the pleased Klein performance the as consumers. to variety very us management grew requires consumers Calvin This And is women’s of the women’s the audience to a of becoming that U.S. great expertise in a a marketing the of has for across importantly, one supporting business is reality the we’re shown market. across Tommy millennials great fashion business critical our boomers. to brand and in the Hilfiger, PVH brand. digits in become important Our kind this
opportunity business quarter. the posted iconic European extend under also sales to we point its of an of lots XX% brand and fashion. outstanding quarter, Net were up for on Karl Lagerfeld this see view in Our
We’re and stores penetrate expand in both looking to our further distribution, and online.
the also businesses and performed DKNY in Our Donna well quarter. Karan
across performance We’re product seeing categories. strong our
calls, significant for Karan revenue DKNY the now brands. income in both have As we’ve and licensing a with Donna we stream stated previous
PVH, We Lauder, this important our spring, scale product and will some The net licenses, including the benefit, of great launched and structure component brand, sales our Luxottica. Fossil an This PVH business this satisfied Karan of including Donna business. with in profitability as quarter. and dresses will we’re performance. licensees, in we’ve also see begun DKNY the and and margin the be Estée launch have of important, prove We DKNY to doubled Hanes development revenue this to be licensing of
launched DKNY we doors. XXX approximately Macy’s Additionally, in luggage
a small the base lifestyle men’s sportswear business, an the PVH this the customer into for DKNY XXX that additional licensee Although brand. launched spring into extends doors. men’s collection brand our broadens at it Macy’s category
in and We a of execute, both With distribution are retail, brands. marketplace. the making the these in great marketing, participation of progress across brands ability the the are board and and to in top development Karan partners, our licensing spot the Donna reclaiming continued DKNY investments
DKNY, the also same the portfolio. Karan, important have businesses. in At time, our five Donna brands power Klein, and other Tommy brands: Calvin we Hilfiger, Lagerfeld, are Our global cornerstone Karl
Vince Eliza dresses do Our J, well. to Jessica Camuto Howard, continued and
a was Levi’s, quarter. Our outerwear Calvin business, Klein, in Tommy the strong Hilfiger, DKNY, us for performer led by and also
in Lastly, stores Vilebrequin, opened one and in We Europe, digits. in two brand, Netherlands, swimwear Spain. our had status comparable resort new low-single one the worldwide in the sales
in We’re the and East. continuing stores our distribution Middle expansion in stores partners with Mainland with China X to X opening up
the North also producer per Middle and line a specialty that denims, launching jeans Giada Europe, produce XXX% in Korea. pair. and the sells Africa, with and for excess through We in stores of EUR is Giada license to Japan XXX in an Cohën, XXXX luxury made the signed departments spring currently of America, premier Jacob East, seller Italy premium of
lifestyle Neal turn call its excited continue see our and extension categories. to new on over to our detail some for provide I will now the financial the the into We’re increased guidance to performance for quarter Vilebrequin’s additional year.
