| Segment Reporting Information |
Segment Information
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Three Months Ended September 30, |
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Nine Months Ended September 30, |
|
(in thousands) |
|
2023 |
|
|
2022 |
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|
2023 |
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|
2022 |
|
Wholesale sales |
|
$ |
1,174,596 |
|
|
$ |
1,191,586 |
|
|
$ |
3,542,172 |
|
|
$ |
3,583,216 |
|
Gross profit |
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|
510,043 |
|
|
|
424,600 |
|
|
|
1,453,593 |
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|
|
1,294,039 |
|
Gross margin |
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|
43.4 |
% |
|
|
35.6 |
% |
|
|
41.0 |
% |
|
|
36.1 |
% |
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|
|
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Direct-to-Consumer sales |
|
$ |
850,362 |
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|
$ |
686,781 |
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$ |
2,497,230 |
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|
$ |
1,982,549 |
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Gross profit |
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|
561,875 |
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|
|
459,335 |
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|
1,657,428 |
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|
|
1,311,638 |
|
Gross margin |
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|
66.1 |
% |
|
|
66.9 |
% |
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|
66.4 |
% |
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|
66.2 |
% |
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Total sales |
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$ |
2,024,958 |
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|
$ |
1,878,367 |
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|
$ |
6,039,402 |
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|
$ |
5,565,765 |
|
Gross profit |
|
|
1,071,918 |
|
|
|
883,935 |
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|
|
3,111,021 |
|
|
|
2,605,677 |
|
Gross margin |
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|
52.9 |
% |
|
|
47.1 |
% |
|
|
51.5 |
% |
|
|
46.8 |
% |
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|
(in thousands) |
|
As of
September 30, 2023 |
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|
As of
December 31, 2022 |
|
Identifiable assets |
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Wholesale |
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$ |
3,547,609 |
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$ |
3,682,860 |
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Direct-to-Consumer |
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|
3,691,655 |
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3,210,627 |
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Total |
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$ |
7,239,264 |
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$ |
6,893,487 |
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Three Months Ended September 30, |
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Nine Months Ended September 30, |
|
(in thousands) |
|
2023 |
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2022 |
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2023 |
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|
2022 |
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Additions to property, plant and equipment |
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Wholesale |
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$ |
65,667 |
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$ |
69,344 |
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|
$ |
173,099 |
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$ |
184,007 |
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Direct-to-Consumer |
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|
25,620 |
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30,776 |
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|
65,613 |
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|
79,624 |
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Total |
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$ |
91,287 |
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|
$ |
100,120 |
|
|
$ |
238,712 |
|
|
$ |
263,631 |
|
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| Geographic Information |
Geographic Information
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Three Months Ended September 30, |
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Nine Months Ended September 30, |
|
(in thousands) |
|
2023 |
|
|
2022 |
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|
2023 |
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|
2022 |
|
Geographic sales |
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Domestic Wholesale |
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$ |
407,670 |
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|
$ |
406,594 |
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$ |
1,240,355 |
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$ |
1,466,204 |
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Domestic Direct-to-Consumer |
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|
386,883 |
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|
339,174 |
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|
1,096,909 |
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|
898,131 |
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Total domestic sales |
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|
794,553 |
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|
745,768 |
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2,337,264 |
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2,364,335 |
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International Wholesale |
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|
766,926 |
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|
784,991 |
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2,301,817 |
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2,117,011 |
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International Direct-to-Consumer |
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|
463,479 |
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347,608 |
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1,400,321 |
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1,084,419 |
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Total international sales |
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1,230,405 |
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1,132,599 |
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3,702,138 |
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3,201,430 |
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Total sales |
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$ |
2,024,958 |
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$ |
1,878,367 |
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$ |
6,039,402 |
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$ |
5,565,765 |
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Regional Sales |
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Americas (AMER) |
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$ |
1,017,447 |
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$ |
947,987 |
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$ |
2,990,384 |
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$ |
2,928,752 |
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Europe, Middle East & Africa (EMEA) |
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|
480,377 |
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|
469,787 |
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1,448,221 |
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1,285,554 |
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Asia Pacific (APAC) |
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|
527,134 |
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|
460,593 |
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1,600,797 |
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|
1,351,459 |
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Total sales |
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$ |
2,024,958 |
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$ |
1,878,367 |
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$ |
6,039,402 |
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$ |
5,565,765 |
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China sales |
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$ |
267,602 |
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$ |
226,728 |
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$ |
851,956 |
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$ |
754,676 |
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(in thousands) |
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As of
September 30, 2023 |
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As of
December 31, 2022 |
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Property, plant and equipment, net |
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Domestic |
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$ |
936,399 |
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$ |
870,924 |
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International |
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|
529,746 |
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|
474,446 |
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Total |
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$ |
1,466,145 |
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$ |
1,345,370 |
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China property plant and equipment, net |
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$ |
282,600 |
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$ |
264,422 |
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