Revenue x-Dickies was said to be ahead of prior guidance calling for revenues to decline in low-single digits y/y on a constant-currency basis. Profitability SummaryGross margin (GM) reached 54.9 percent of revenue in fiscal Q1, up 100 basis points y/y. Adjusted GM x-Dickies was 54.9 percent, up 10 basis points y/y. The company posted and operating loss of $83 million in fiscal Q1, amounting to an operating margin (OM) of negative 5.0 percent, which was down down 10 basis points y/y. The operating margin x-Dickies was negative 5.7 percent, or down down 210 basis points y/y.