Skechers Q2 2023 Earnings Report
Key Takeaways
Skechers reported record quarterly sales of $2.01 billion, a 7.7% year-over-year increase. Diluted earnings per share increased by 69.0% to $0.98. Direct-to-Consumer sales grew by 29.1%.
Record quarterly sales of $2.01 billion, a year-over-year increase of 7.7%.
Diluted earnings per share of $0.98, a year-over-year increase of 69.0%.
Direct-to-Consumer sales grew 29.1%.
Inventory decreased by $332.0 million or 18.3% from December 31, 2022.
Skechers
Skechers
Skechers Revenue by Segment
Forward Guidance
The Company believes it will achieve sales between $1.95 billion and $2.0 billion and diluted earnings per share of between $0.70 and $0.75 for the third quarter of 2023. For the fiscal year 2023, the Company believes it will achieve sales between $7.95 billion and $8.1 billion and diluted earnings per share of between $3.25 and $3.40.