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Mar 31, 2021
Skechers Q1 2021 Earnings Report
Skechers achieved record sales and earnings growth, driven by international wholesale and direct-to-consumer demand.
Key Takeaways
Skechers reported a record first quarter with sales reaching $1.43 billion, a 15.0% increase year-over-year. The growth was driven by a 20.2% increase in international sales and an 8.5% increase in domestic sales. Diluted earnings per share were $0.63.
Sales increased by 15.0% to $1.43 billion, a quarterly record.
International Wholesale sales grew by 23.8%.
Direct-to-Consumer sales increased by 18.1%.
Diluted earnings per share were $0.63.
Revenue by Segment
Forward Guidance
The Company believes it will achieve sales between $5.8 billion and $5.9 billion and diluted earnings per share of between $1.80 and $2.00 for fiscal year 2021. For the second quarter of 2021, it will achieve sales between $1.45 billion and $1.50 billion and diluted earnings per share of between $0.40 and $0.50.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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