Net income was $11.1 million in the first quarter against a loss of $14.5 million last year that included a $6.1 million impairment charge, as growth from Saucony and Merrell pushed revenue 4% higher to $412.3 million from $394.9 million, exceeding guidance on the top- and bottom-lines. The results exclude Sperry, which was divested in Jan. 2024. International sales jumped 16% to $207.8 million, and direct-to-consumer sales increased 7% on an ongoing basis to $96.4 million.

The Active Group increased 13% to $326.7 million, led by a 30% leap from Saucony to ... Log in to view full article.