DBI gross margin rises to 50.0% on $35.5 million tariff recoveries
DBI reported net sales down 1.2% year-over-year. Gross margin improved to 50.0% due to $35.5 million in tariff recoveries, driving net income up 66.7%.
5 million in tariff recoveries. 7%. Retail sales declined, Brand Portfolio sales increased, and the company said macroeconomic and tariff uncertainties remain significant risks.