Key Financial Data:

• Net Revenues: $1.5 billion, flat reported, +2% constant currency
• Americas: -1% reported, flat constant currency
• Europe: +6% reported, +7% constant currency
• Asia: Flat reported, +4% constant currency
• Other Brands: -7% reported, -5% constant currency
• Gross Margin: 60.0%, +440 bps year-over-year
• Adjusted EBIT Margin: 11.6%, +250 bps year-over-year
• Adjusted Diluted EPS: $0.33, +18% year-over-year
• Cash and Cash Equivalents: $577 million
• Total Liquidity: $1.3 billion