Skechers Announces First Quarter 2020 Financial Results
Skechers U.S.A., Inc. (SKX)
Last skechers u.s.a., inc. earnings: 4/23 04:05 pm
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Source: Business Wire
MANHATTAN BEACH, Calif.--(BUSINESS WIRE)--SKECHERS USA, Inc. (NYSE:SKX), a global footwear leader, today announced financial results for the first quarter ended March 31, 2020.First Quarter ResultsSales of $1.24 billion, a 2.7 percent decreaseConstant currency sales were $1.26 billion, a 1.2 percent decrease Domestic wholesale sales increased 9.0 percentInternational wholly-owned subsidiary sales increased 9.4 percent Diluted earnings per share were $0.32, a decrease of 54.9 percent Adjusted earnings per share were $0.39, a decrease of 45.1 percentCash, cash equivalents and investments were $1.37 billion at quarter end “We are in unprecedented times, facing difficult decisions daily as we navigate this global pandemic that has negatively impacted every business throughout our industry, and most others,” stated Robert Greenberg, chief executive officer of Skechers. “Our priority is the health and welfare of our global team, and we’re taking swift and decisive actions that will ensu
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