| Segment Reporting Information |
Segment Information
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended December 31, |
|
(in thousands) |
|
2023 |
|
|
2022 |
|
|
2021 |
|
Wholesale sales |
|
$ |
4,504,776 |
|
|
$ |
4,632,429 |
|
|
$ |
3,758,640 |
|
Gross profit |
|
|
1,846,819 |
|
|
|
1,669,276 |
|
|
|
1,437,517 |
|
Gross margin |
|
|
41.0 |
% |
|
|
36.0 |
% |
|
|
38.2 |
% |
|
|
|
|
|
|
|
|
|
|
Direct-to-Consumer sales |
|
$ |
3,495,566 |
|
|
$ |
2,812,121 |
|
|
$ |
2,551,547 |
|
Gross profit |
|
|
2,305,585 |
|
|
|
1,846,081 |
|
|
|
1,686,854 |
|
Gross margin |
|
|
66.0 |
% |
|
|
65.6 |
% |
|
|
66.1 |
% |
|
|
|
|
|
|
|
|
|
|
Total sales |
|
$ |
8,000,342 |
|
|
$ |
7,444,550 |
|
|
$ |
6,310,187 |
|
Gross profit |
|
|
4,152,404 |
|
|
|
3,515,357 |
|
|
|
3,124,371 |
|
Gross margin |
|
|
51.9 |
% |
|
|
47.2 |
% |
|
|
49.5 |
% |
|
|
|
|
|
|
|
|
|
|
|
As of December 31, |
|
(in thousands) |
|
2023 |
|
|
2022 |
|
Identifiable assets |
|
|
|
|
|
|
Wholesale |
|
$ |
3,607,537 |
|
|
$ |
3,682,860 |
|
Direct-to-Consumer |
|
|
3,939,814 |
|
|
|
3,210,627 |
|
Total |
|
$ |
7,547,351 |
|
|
$ |
6,893,487 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended December 31, |
|
(in thousands) |
|
2023 |
|
|
2022 |
|
|
2021 |
|
Additions to property, plant and equipment |
|
|
|
|
|
|
|
|
|
Wholesale |
|
$ |
225,217 |
|
|
$ |
255,311 |
|
|
$ |
245,008 |
|
Direct-to-Consumer |
|
|
98,505 |
|
|
|
103,681 |
|
|
|
64,666 |
|
Total |
|
$ |
323,722 |
|
|
$ |
358,992 |
|
|
$ |
309,674 |
|
|
| Geographic Information |
Geographic Information
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended December 31, |
|
(in thousands) |
|
2023 |
|
|
2022 |
|
|
2021 |
|
Geographic sales |
|
|
|
|
|
|
|
|
|
Domestic Wholesale |
|
$ |
1,567,806 |
|
|
$ |
1,831,642 |
|
|
$ |
1,448,339 |
|
Domestic Direct-to-Consumer |
|
|
1,482,392 |
|
|
|
1,243,511 |
|
|
|
1,115,018 |
|
Total domestic sales |
|
|
3,050,198 |
|
|
|
3,075,153 |
|
|
|
2,563,357 |
|
|
|
|
|
|
|
|
|
|
|
International Wholesale |
|
|
2,936,970 |
|
|
|
2,800,787 |
|
|
|
2,310,302 |
|
International Direct-to-Consumer |
|
|
2,013,174 |
|
|
|
1,568,610 |
|
|
|
1,436,528 |
|
Total international sales |
|
|
4,950,144 |
|
|
|
4,369,397 |
|
|
|
3,746,830 |
|
|
|
|
|
|
|
|
|
|
|
Total sales |
|
$ |
8,000,342 |
|
|
$ |
7,444,550 |
|
|
$ |
6,310,187 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Regional Sales |
|
|
|
|
|
|
|
|
|
Americas (AMER) |
|
$ |
3,945,735 |
|
|
$ |
3,854,392 |
|
|
$ |
3,152,304 |
|
Europe, Middle East & Africa (EMEA) |
|
|
1,831,848 |
|
|
|
1,699,215 |
|
|
|
1,282,902 |
|
Asia Pacific (APAC) |
|
|
2,222,759 |
|
|
|
1,890,943 |
|
|
|
1,874,981 |
|
Total sales |
|
$ |
8,000,342 |
|
|
$ |
7,444,550 |
|
|
$ |
6,310,187 |
|
|
|
|
|
|
|
|
|
|
|
China sales |
|
$ |
1,228,630 |
|
|
$ |
1,062,724 |
|
|
$ |
1,247,949 |
|
|
|
|
|
|
|
|
|
|
|
|
As of December 31, |
|
(in thousands) |
|
2023 |
|
|
2022 |
|
Property, plant and equipment, net |
|
|
|
|
|
|
Domestic |
|
$ |
957,569 |
|
|
$ |
870,924 |
|
International |
|
|
549,121 |
|
|
|
474,446 |
|
Total |
|
$ |
1,506,690 |
|
|
$ |
1,345,370 |
|
|
|
|
|
|
|
|
China property plant and equipment, net |
|
$ |
286,854 |
|
|
$ |
264,422 |
|
|