SKECHERS Achieves Record Third Quarter 2018 Sales

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Go back to SKECHERS Achieves Record Third Quarter 2018 Sales

Skechers USA (SKX) Tops Q3 EPS by 7c, Revenues Miss; Offers 4Q EPS/Revenue Outlook Above Consensus

October 18, 2018 4:08 PM EDT

Skechers USA (NYSE: SKX) reported Q3 EPS of $0.58, $0.07 better than the analyst estimate of $0.51. Revenue for the quarter came in at $1.18 billion versus the consensus estimate of $1.22 billion.

Record sales of $1.176 billion, an increase of 7.5 percent, or 8.5 percent on a constant currency basisInternational wholesale sales increased 11.8 percentCompany-owned global retail sales increased 10.6 percentTotal international wholesale and retail sales combined represented 55.5 percent of total salesDiluted earnings per share of $0.58Repurchased 1.4 million shares of common stock

Achieving record third quarter sales is a notable accomplishment given the strength of our... More