| 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) |
|
2024 |
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|
2023 |
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|
2024 |
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|
2023 |
|
Wholesale sales |
|
$ |
1,416,003 |
|
|
$ |
1,174,596 |
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|
$ |
3,969,812 |
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|
$ |
3,542,172 |
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Gross profit |
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|
605,457 |
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|
510,043 |
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|
|
1,738,479 |
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|
1,453,593 |
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Gross margin |
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|
42.8 |
% |
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|
43.4 |
% |
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|
43.8 |
% |
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|
41.0 |
% |
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Direct-to-Consumer sales |
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$ |
931,702 |
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$ |
850,362 |
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$ |
2,787,123 |
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$ |
2,497,230 |
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Gross profit |
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|
617,589 |
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|
561,875 |
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|
1,850,638 |
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|
1,657,428 |
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Gross margin |
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|
66.3 |
% |
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66.1 |
% |
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66.4 |
% |
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66.4 |
% |
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Total sales |
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$ |
2,347,705 |
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$ |
2,024,958 |
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$ |
6,756,935 |
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|
$ |
6,039,402 |
|
Gross profit |
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|
1,223,046 |
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|
|
1,071,918 |
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|
|
3,589,117 |
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|
|
3,111,021 |
|
Gross margin |
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|
52.1 |
% |
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|
52.9 |
% |
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|
53.1 |
% |
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|
51.5 |
% |
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(in thousands) |
|
As of
September 30, 2024 |
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As of
December 31, 2023 |
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Identifiable assets |
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Wholesale |
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$ |
4,303,324 |
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$ |
3,607,537 |
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Direct-to-Consumer |
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4,342,717 |
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3,939,814 |
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Total |
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$ |
8,646,041 |
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$ |
7,547,351 |
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Three Months Ended September 30, |
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Nine Months Ended September 30, |
|
(in thousands) |
|
2024 |
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2023 |
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2024 |
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2023 |
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Additions to property, plant and equipment |
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Wholesale |
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$ |
57,569 |
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$ |
65,667 |
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$ |
154,929 |
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$ |
173,099 |
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Direct-to-Consumer |
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56,329 |
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25,620 |
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128,506 |
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|
65,613 |
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Total |
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$ |
113,898 |
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$ |
91,287 |
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$ |
283,435 |
|
|
$ |
238,712 |
|
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| Geographic Information |
Geographic Information
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Geographic sales |
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Domestic Wholesale |
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$ |
514,632 |
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$ |
407,670 |
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$ |
1,437,497 |
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$ |
1,240,355 |
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Domestic Direct-to-Consumer |
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|
401,374 |
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386,883 |
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1,141,158 |
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1,096,909 |
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Total domestic sales |
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916,006 |
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|
794,553 |
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2,578,655 |
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2,337,264 |
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International Wholesale |
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901,371 |
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766,926 |
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2,532,315 |
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2,301,817 |
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International Direct-to-Consumer |
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530,328 |
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463,479 |
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1,645,965 |
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1,400,321 |
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Total international sales |
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1,431,699 |
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1,230,405 |
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4,178,280 |
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3,702,138 |
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Total sales |
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$ |
2,347,705 |
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$ |
2,024,958 |
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$ |
6,756,935 |
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$ |
6,039,402 |
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Regional Sales |
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Americas (AMER) |
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$ |
1,156,073 |
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$ |
1,017,447 |
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$ |
3,276,469 |
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$ |
2,990,384 |
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Europe, Middle East & Africa (EMEA) |
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|
625,612 |
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|
480,377 |
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1,745,798 |
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1,448,221 |
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Asia Pacific (APAC) |
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|
566,020 |
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|
527,134 |
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1,734,668 |
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1,600,797 |
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Total sales |
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$ |
2,347,705 |
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$ |
2,024,958 |
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$ |
6,756,935 |
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$ |
6,039,402 |
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China sales |
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$ |
252,422 |
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$ |
267,602 |
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$ |
884,678 |
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$ |
851,956 |
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(in thousands) |
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As of
September 30, 2024 |
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As of
December 31, 2023 |
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Property, plant and equipment, net |
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Domestic |
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$ |
1,196,938 |
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$ |
957,569 |
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International |
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|
585,668 |
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|
549,121 |
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Total |
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$ |
1,782,606 |
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$ |
1,506,690 |
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China property plant and equipment, net |
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$ |
293,840 |
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$ |
286,854 |
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