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Mar 31, 2024
Skechers Q1 2024 Earnings Report
Skechers achieved a new sales record and EPS, with growth in Direct-to-Consumer and Wholesale segments, as well as increases internationally and domestically.
Key Takeaways
Skechers reported a record sales of $2.25 billion for Q1 2024, a 12.5% increase compared to the previous year. Diluted earnings per share increased by 30.4% to $1.33. The company saw growth in both its Direct-to-Consumer and Wholesale segments, with international sales representing 65% of total sales.
Record sales of $2.25 billion, a 12.5% increase.
Wholesale sales grew 9.8%.
Direct-to-Consumer sales grew 17.3%.
Diluted earnings per share of $1.33, a 30.4% increase.
Skechers
Skechers
Skechers Revenue by Segment
Skechers Revenue by Geographic Location
Revenue by Segment
Direct-to-Consumer Revenue
CapyFin.comRevenue by Geographic Location
Americas Revenue
CapyFin.comEMEA Revenue
CapyFin.comAPAC Revenue
CapyFin.comChina Revenue
CapyFin.com Forward Guidance
For the second quarter of 2024, the Company believes it will achieve sales between $2.175 and $2.225 billion and diluted earnings per share of between $0.85 and $0.90. Further, the Company believes that for the fiscal year 2024, it will achieve sales between $8.725 and $8.875 billion and diluted earnings per share of between $3.95 and $4.10.
Positive Outlook
- Sales between $2.175 and $2.225 billion for Q2 2024.
- Diluted earnings per share between $0.85 and $0.90 for Q2 2024.
- Sales between $8.725 and $8.875 billion for fiscal year 2024.
- Diluted earnings per share between $3.95 and $4.10 for fiscal year 2024.