Skechers Stock Jumps On Strong Q1 Earnings: The Details [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
What Happened: Skechers first-quarter revenue increased 12.5% year-over-year to $2.251 billion, which beat the consensus estimate of $2.204 billion, according to Benzinga Pro . The lifestyle footwear company reported quarterly earnings of $1.33 per share, which beat analyst estimates of $1.10 per share. Wholesale sales were up 9.8% in the quarter, while direct-to-consumer sales jumped 17.3%. Gross margins came in at 52.5%. “We began the new year by setting a new sales record, delivering results above expectations, and further expanding the Skechers brand globally,” said Robert Greenberg , Skechers' CEO. “With our focus on evolving and innovating our extensive product offering, best-in-class partnerships with our distribution network, and exceptional global demand, we are confident that Skechers will have another record-breaking year.” Outlook: Skechers sees second-quarter revenue in the range of $2.175 billion to $2.225 billion versus estimates of $2.202 billion. The company
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News
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- Skechers (SKX) Reliance on International Sales: What Investors Need to Know [Yahoo! Finance]Yahoo! Finance
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- Skechers Opens Its First Store in BrusselsBusiness Wire
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