Revenue during the quarter went up marginally by 1.66 percent to $761.84 million from $749.42 million in the previous year period. Gross margin for the quarter contracted 269 basis points over the previous year period to 36.47 percent. Total expenses were 95.15 percent of quarterly revenues, up from 92.17 percent for the same period last year. That has resulted in a contraction of 298 basis points in operating margin to 4.85 percent.

Operating income for the quarter was $36.95 million, compared with $58.68 million in the previous year period.

Jay Schottenstein, chief executive officer commented, "The first quarter results reflected mall traffic headwinds, especially early in the quarter, with improved trends over Easter and a strong digital business throughout. As we look ahead, we are taking the right steps to improve our results and adjust our business for today’s rapidly evolving retail environment. We are creating efficiencies across our organization, as we aim to continue capitalizing on the strength of our brands, product leadership and other competitive advantages. The six million shares repurchased this quarter reflects the company’s strong cash flow, healthy balance sheet and confidence in our brands and long-term strategic initiatives."

For the second-quarter 2017, The company projects diluted earnings per share to be in the range of $0.15 to $0.17.