Reported revenue was US$510.7 million, up 16.3% versus the prior year. On a constant currency basis, revenue was up 14.3% versus the prior year. Owned e-commerce reported revenue grew 83.6% versus the prior year.
Reported gross margin was 43.5%, compared to 41.4% in the prior year. Adjusted gross margin was 44.3%, compared to 41.4% in the prior year.
Reported operating margin was 11.4%, compared to 3.8% in the prior year. Adjusted operating margin was 10.2%, compared to 6.9% in the prior year.
Total debt at the end of the quarter was US$720.4 million, or US$505.7 million less than in the prior year, and total liquidity at the end of the quarter was US$1.2 billion.
Outlook
For the full 2021 fiscal year, the company now expects revenue in the range of US$2.24 billion to US$2.3 billion, growth of 25% to 28% versus the prior year, up US$50 million from our outlook in February and exceeding 2019 revenue at the high end of the range. The company remains focused on delivering its aspirational target of US$5 billion in owned e-commerce revenue, more than doubling 2019 levels.
