A globally recognized leader in fashion-forward footwear, accessories, and apparel, reported that revenue increased 6.8% to $559.0 million in the second quarter of 2025.
Direct-to-consumer sales increased 43.3% from the second quarter of 2024 to $195.5 million , showcasing the impact of recent acquisitions and changing consumer behaviors. However, the brand also wrestled with new tariff expenses and a challenging wholesale environment, culminating in a net loss of $39.5 million for the quarter.
Performance Metrics Reflect Resilience Gross profit as a percentage of revenue stood at 40.4% , compared to 41.5% in the same period of 2024. Adjusted gross profit as a percentage of revenue reached 41.9% in the second quarter of 2025.
Operating expenses, impacted by tariffs, rose significantly with an adjusted operating expense ratio of 37.9% up from 31.1% in the 2024 period. Loss from operations totaled $40.3 million , or 7.2% of revenue, compared to income from operations of $46.9 million , or 9.0% of revenue, in 2024.
Adjusted income from operations was $22.6 million , or 4.0% of revenue, versus $54.5 million , or 10.4% of revenue, last year.
Edward Rosenfeld, Chairman and Chief Executive Officer , commented , “As anticipated, the second quarter was challenging, driven largely by the impact of new tariffs on goods imported into the United States…
