No category-specific facts could be extracted from this document.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.The company's own e-commerce channel continued to drive sales, while the expansion of directly operated stores and wholesale operations, together with growth in bedding and FOOT, among other areas, contributed to higher revenue. The operating margin improved despite proactive advertising investment, owing to an improvement in the SG&A ratio resulting from higher revenue and a review of the outsourcing expense ratio for third-party e-commerce channels.