Financial Data and Key Metrics Changes - Amur Sports reported a 23% sales growth in Q2, or 22% excluding currency impact, with adjusted operating margin expanding by 260 basis points [7][31][34] - Adjusted net income increased to $36 million from $25 million year-over-year, with adjusted diluted EPS rising to $0.06 from $0.05 [35][36] Business Line Data and Key Metrics Changes - Technical Apparel revenues increased by 23% to $509 million, driven by a 31% D2C expansion [36][37] - Outdoor Performance segment saw revenues rise by 35% to $414 million, with D2C growing 63% [39][41] - Ball and Racket revenue increased by 11% to $314 million, supported by strong performance in soft goods and racket sports [43][45] Market Data and Key Metrics Changes - Asia Pacific led regional growth with a 45% increase, followed by China at 42%, EMEA at 18%, and the Americas at 6% [32][34] - The Americas' growth was impacted by a normalization in ball and racket sales and a shift in wholesale shipments [32] Company Strategy and Development Direction - The company aims to optimize its retail footprint rather than pursue aggressive store expansion, focusing on high-quality locations [13][14] - Plans to open approximately 25 net new stores globally in 2025, with a significant focus on North America [13][14] - The company is confident in its ability to manage through tariff scenarios due to its premium brands and pricing power [8][29] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating macro uncertainties and higher tariffs, emphasizing the strength of their brand portfolio [6][29] - The company raised its full-year revenue growth guidance from 15%-17% to 20%-21% due to strong Q2 performance [49][50] Other Important Information - The company received $19 million in government grants, benefiting adjusted operating margin by approximately 150 basis points [34] - The company ended the quarter with $640 million in net debt, maintaining a healthy balance sheet [45][46] Q&A Session Summary Question: Can you elaborate on the momentum in the third quarter and the growth drivers for Solomon? - Management noted strong Q2 results and continued momentum into Q3, particularly for Solomon footwear, driven by new product introductions and a unique outdoor sneaker category [57][58] Question: What are the next growth levers for the Solomon brand? - Management highlighted the strong growth in China and plans to open additional stores in the U.S., focusing on building a solid foundation for the brand [64][66] Question: What pricing strategies are being implemented to mitigate tariffs? - Management indicated that while some price increases have been implemented for Wilson, they have managed to mitigate tariff impacts for other brands without raising prices [71][72] Question: How are full-price stores performing compared to outlet stores? - Management reported robust performance in full-price stores, with a mid-single-digit drag from outlet sales, indicating a shift towards a healthier full-price mix [75][76] Question: What has driven the recent growth in the women's business at Arcterix? - Management reported over 30% revenue growth in the women's segment, with specific models performing exceptionally well [84][85] Question: What are the key drivers behind Solomon's recent growth? - Management attributed Solomon's growth to a unique product proposition and a strong business model in China, with plans for further expansion in the U.S. [87][90]