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Seasonal Nature of the Business will Drive Revenues Higher in the Coming Quarters:According to the company's management and as evidenced by historical trends, the company operates in a seasonal industry with a bulk of revenue being generated in the later quarters of the fiscal year. Wholesale segment sales tend to maximize in second and fourth quarters whereas retail sales maximize in second and third quarters of the fiscal year. This trend is primarily rooted in the timing of wholesale shipments for the wholesale segment; and vacation travel, back to school days, and holiday shopping periods.. As I look at the underlying trends that drove our first half results, and that would be excluding the impact of the acquisition, I see a great deal of consistency between the first quarter and the second quarter. Our underlying wholesale revenues were up 7% in this quarter. Our retail comp maintained mid to high single digits, and our growth margin rates were higher than last year at the same time.. Further, Platform provides brands with robust capabilities to incentivize and reward their most valuable consumers. Customers access Platform through a cloud based SaaS subscription model, which provides ongoing value to the brands and recurring revenues to 3 Tier. East Coast..
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