Profits jumped over fivefold to $117.8 million from $22.4 million in the second quarter, including a $50.1 million net benefit from IEEPA tariff refunds, as revenue increased 32% to $1,632.6 million from $1,236.3 million. The refund boosted gross margin by 390 basis points, out of an overall 710 b.p. expansion to 65.6%, which also included favorable shifts in pricing, product, channel, and geographic mix, as well as transportation costs. SG&A was up 30% in dollars, leveraging 70 b.p. to 55.7% of sales on accretion in Technical Apparel and Outdoor Performance, offset ... Log in to view full article.