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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.
Revenue by Segment
Revenue by Geographic Location
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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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