• Total sales $271 mm, up 20%, or $45 mm from Q1 2002.
  • International increase was $33 mm, of which $18 mm was attributable to foreign exchange rates.
  • At constant currency, growth was up 12%.
  • U.S. revenue was up 10%, with U.S. wholesale up 15% and Consumer Direct down 5%. U.S. comps stores down 4%.
  • Footwear units sales were up 13%.
  • Opened seven retail stores and closed five. Will “focus on controlling new store growth”
  • Expects GM to show improvement over the next three quarters.
  • Inventory was down 8%. Rolling inventory turn was up to 4.7x from 4.1x.