Consensus revenue for the second quarter is estimated at $882.5 million with earnings per share expected at $0.38, while the current stock price of $54.20 trades at a discount to the average analyst price target of $61.50.
Investors are primarily focused on the growth trajectory of the Direct-to-Consumer (DTC) channel and its ability to drive gross margin expansion toward the company's long-term 60% target. The brand continues to capture market share from legacy athletic competitors by expanding its footprint in the multi-sport and apparel categories. Strong brand heat in the Asia-Pacific region and recent premium retail openings are expected to provide significant tailwinds for this reporting period.