Core Insights - The company reported net sales of $1.07 billion for Q4 FY25, a decrease of 2% year-over-year, but above the forecast range of $1.01 to $1.04 billion, which anticipated a decline of 8% to 5% [1][5] - International markets helped mitigate the decline in US revenue, and direct-to-consumer sales provided a modest boost [1][2] - The earlier shipment of Fall '25 wholesale orders impacted overall net sales figures for the quarter [1] Financial Performance - Operating income for Q4 FY25 fell by 15% to $116.7 million, while net income was $93.2 million, translating to $1.73 per diluted share, down from $102.6 million or $1.80 per diluted share in Q4 FY24 [3] - For the full fiscal year 2025, net sales increased by 1% to $3.4 billion from $3.37 billion in 2024, meeting the upper end of the expected range [4] - Gross margin improved to 50.5% from 50.2% a year earlier, despite a negative impact of $31 million from tariffs [4] Future Guidance - The company projects net sales growth of 1% to 3% for FY26, estimating sales between $3.43 billion and $3.50 billion [5] - Expected operating income for FY26 is projected to be between $211 million and $243 million, with a diluted earnings per share forecasted in the range of $3.20 to $3.65 [5]