Skechers Reports Record Q1 Sales But Withdrawals 2025 Guidance Due to ‘Macroeconomic Uncertainty' [Yahoo! Finance]
Skechers U.S.A., Inc. (SKX)
Last skechers u.s.a., inc. earnings: 4/23 04:05 pm
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Source: Yahoo! Finance
The Manhattan Beach, Calif.-based footwear company reported net sales in the first quarter of fiscal 2025 of $2.41 billion, a 7.1 percent increase from $2.25 billion the same time last year. More from Footwear News Kering Reports 14% Sales Drop, Demna to Unveil First Gucci Designs in September Adidas Preliminary Q1 Results Show Double-Digit Growth Across All Markets But while sales were high, net earnings dipped in Q1 to $202.4 million and diluted earnings per share were $1.34, a 2.0 percent decline compared with prior year net earnings of $206.6 million and diluted earnings per share of $1.33 in Q1 2024. These results are in-line with Skechers guidance for the first quarter. The company said in February that it expected to achieve net sales between $2.40 and $2.43 billion and diluted earnings per share between $1.10 and $1.15 in the period. Shares for Skechers USA were down over 5 percent in after-market trading on Thursday. By segment, Skechers noted that its wholesal
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