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Mar 31, 2022
Skechers Q1 2022 Earnings Report
Skechers reported record first quarter sales and earnings, driven by wholesale and direct-to-consumer growth across all regions.
Key Takeaways
Skechers announced record first quarter 2022 financial results, with sales reaching $1.82 billion, a 26.8% increase year-over-year. Diluted earnings per share increased 22.2% to $0.77. The company's growth was driven by increases in both Wholesale and Direct-to-Consumer segments.
Record quarterly sales of $1.82 billion, a year-over-year increase of 26.8%.
Wholesale sales grew 32.7%.
Direct-to-Consumer sales grew 15.7%.
Diluted earnings per share of $0.77, a year-over-year increase of 22.2%.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
For the second quarter of 2022, the Company believes it will achieve sales between $1.75 billion and $1.80 billion and diluted earnings per share of between $0.50 and $0.55. Further, the Company believes that for the fiscal year 2022, it will achieve sales between $7.2 billion and $7.4 billion and diluted earnings per share of between $2.75 and $2.95.
Positive Outlook
- Sales between $1.75 billion and $1.80 billion for Q2 2022.
- Diluted earnings per share between $0.50 and $0.55 for Q2 2022.
- Sales between $7.2 billion and $7.4 billion for fiscal year 2022.
- Diluted earnings per share between $2.75 and $2.95 for fiscal year 2022.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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