The bottom line surged 75% to $12,523,000 from $7,155,000 in the important first quarter on 6% higher revenues at $283,148,000 vs. $267,907,000, leading the clog maker to up its full year guidance to low-single-digit top line growth. The weakening dollar bolstered results, as constant currency sales were up just 1%. Gross margin slipped 50 basis points to 49.4% from the change to FIFO accounting, and would otherwise have been up slightly. Inventory ended the quarter down 17% year-on-year at $148.2 million. Clogs are still the majority of sales, but sandals increased 21% in Q1 and now account for 26% of ... Log in to view full article.