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Mar 31, 2020
Skechers Q1 2020 Earnings Report
Skechers experienced a decrease in sales and earnings per share due to the COVID-19 pandemic.
Key Takeaways
Skechers announced first quarter 2020 financial results with sales of $1.24 billion, a 2.7 percent decrease compared to the same period last year. Diluted earnings per share were $0.32, a decrease of 54.9 percent. The company experienced strong momentum in the first two months of 2020 before being impacted by the pandemic.
Sales decreased by 2.7 percent to $1.24 billion.
Domestic wholesale sales increased by 9.0 percent.
International wholly-owned subsidiary sales increased by 9.4 percent.
Diluted earnings per share decreased by 54.9 percent to $0.32.
Skechers
Skechers
Skechers Revenue by Segment
Revenue by Segment
Direct-to-Consumer Revenue
CapyFin.com Forward Guidance
The Company is not providing any further financial guidance at this time given the ongoing business disruption and substantial uncertainty surrounding the impact of the COVID-19 pandemic on its business globally.