Skechers USA (SKX) Tops Q1 EPS by 23c, Beats on Revenue; Offers FY24 Guidance
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Skechers Announces First Quarter 2024 Financial Results and Record Sales of $2.25 Billion
April 25, 2024 4:05 PM EDTLOS ANGELES--(BUSINESS WIRE)-- Skechers U.S.A., Inc. (Skechers or the Company) (NYSE: SKX), The Comfort Technology Company and a global footwear leader, today announced financial results for the first quarter ended March 31, 2024.
First Quarter Highlights
Record sales of $2.25 billion, a 12.5% increase Wholesale sales grew 9.8% Direct-to-Consumer sales grew 17.3% Diluted earnings per share of $1.33, a 30.4% increase Repurchased $60.0 million of Class A common stockFor the first quarter, Skechers achieved a new sales record of $2.25 billion, EPS of... More
