Skechers Announces First Quarter 2024 Financial Results and Record Sales of $2.25 Billion
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
LOS 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 HighlightsRecord sales of $2.25 billion, a 12.5% increaseWholesale sales grew 9.8%Direct-to-Consumer sales grew 17.3%Diluted earnings per share of $1.33, a 30.4% increaseRepurchased $60.0 million of Class A common stock“For the first quarter, Skechers achieved a new sales record of $2.25 billion, EPS of $1.33, gross margins of 52.5% and an operating margin of 13.3%, all notable accomplishments as we mark our 100th earnings call as a public company,” said David Weinberg, Chief Operating Officer of Skechers. “We saw growth of 17% in our Direct-to-Consumer segment and 10% in Wholesale, as well as increases of 15% internationally and 8% domestically. For the quarter, international sales represented 65% of total sales, and we achieved growth i
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SKX
Earnings
- 4/25/24 - Beat
SKX
Sec Filings
- 5/3/24 - Form 10-Q
- 4/26/24 - Form 4
- 4/26/24 - Form PX14A6G
- SKX's page on the SEC website