
	Second Quarter 2025
	Americas		China Mainland		Rest of World		Total Segments		Corporate(1)		Total
	(In thousands)
Net revenue	$	1,758,217	$	392,898	$	374,104	$	2,525,219	$	—	$	2,525,219
Product costs(2)	515,473		92,219		108,449		716,141		—		716,141
Other cost of sales(2)	158,390		51,139		63,200		272,729		59,147		331,876
Selling, general and administrative expenses	464,960		97,050		121,212		683,222		268,436		951,658
Amortization of intangible assets	—		—		—		—		1,730		1,730
Income from operations	$	619,394	$	152,490	$	81,243	$	853,127	$	(329,313)	$	523,814
Other income (expense), net											9,737
Income before income tax expense											$	533,551

Supplemental information:
Depreciation and amortization(3)	$	54,499	$	8,871	$	8,574	$	71,944	$	47,771	$	119,715


	Second Quarter 2024
	Americas		China Mainland		Rest of World		Total Segments		Corporate(1)		Total
	(In thousands)
Net revenue	$	1,741,433	$	314,189	$	315,456	$	2,371,078	$	—	$	2,371,078
Product costs(2)	493,895		71,547		90,860		656,302		—		656,302
Other cost of sales(2)	150,458		46,084		51,891		248,433		54,158		302,591
Selling, general and administrative expenses	427,653		77,473		98,705		603,831		268,128		871,959

Income from operations	$	669,427	$	119,085	$	74,000	$	862,512	$	(322,286)	$	540,226
Other income (expense), net											17,994
Income before income tax expense											$	558,220

Supplemental information:
Depreciation and amortization(3)	$	47,824	$	7,762	$	7,407	$	62,993	$	40,580	$	103,573


	First Two Quarters 2025
	Americas		China Mainland		Rest of World		Total Segments		Corporate(1)		Total
	(In thousands)
Net revenue	$	3,432,775	$	760,999	$	702,105	$	4,895,879	$	—	$	4,895,879
Product costs(2)	996,293		174,034		198,713		1,369,040		—		1,369,040
Other cost of sales(2)	315,037		101,412		121,671		538,120		128,391		666,511
Selling, general and administrative expenses	912,720		179,428		227,622		1,319,770		574,759		1,894,529
Amortization of intangible assets	—		—		—		—		3,360		3,360
Income from operations	$	1,208,725	$	306,125	$	154,099	$	1,668,949	$	(706,510)	$	962,439
Other income (expense), net											21,523
Income before income tax expense											$	983,962

Supplemental information:
Depreciation and amortization(3)	$	105,940	$	17,447	$	17,286	$	140,673	$	93,571	$	234,244


	First Two Quarters 2024
	Americas		China Mainland		Rest of World		Total Segments		Corporate(1)		Total
	(In thousands)
Net revenue	$	3,363,697	$	617,975	$	598,297	$	4,579,969	$	—	$	4,579,969
Product costs(2)	976,190		140,222		170,934		1,287,346		—		1,287,346
Other cost of sales(2)	297,635		93,592		99,633		490,860		114,510		605,370
Selling, general and administrative expenses	855,605		145,298		187,049		1,187,952		526,433		1,714,385

Income from operations	$	1,234,267	$	238,863	$	140,681	$	1,613,811	$	(640,943)	$	972,868
Other income (expense), net											41,277
Income before income tax expense											$	1,014,145

Supplemental information:
Depreciation and amortization(3)	$	92,150	$	15,787	$	13,913	$	121,850	$	77,482	$	199,332

(1)Corporate includes centrally managed support functions including product design, raw material development, product innovation, sourcing, supply chain, and global merchandising which are included in other cost of sales. Administrative corporate expenses include technology, brand and marketing, finance, human resources, legal, and other head office costs.

(2)Cost of goods sold is made up of product costs and other cost of sales. Product costs include the cost of purchased merchandise, costs incurred to deliver inventory to the Company's distribution centers, shrink and inventory provision expenses, the cost of digital content subscription services, and hemming costs. Other cost of sales includes occupancy and depreciation expense for company-operated stores, distribution center costs, and product department costs.

(3)The amounts of depreciation and amortization disclosed by reportable segment are included within other cost of sales and selling, general and administrative expenses.