Skechers Q2 2024 Earnings Report
Key Takeaways
Skechers reported record second quarter sales of $2.16 billion, a 7.2% increase year-over-year, driven by strong demand for its diverse footwear portfolio. Diluted earnings per share were $0.91. The company also authorized a new $1 billion share repurchase program and raised its full-year outlook for sales and earnings.
Record second quarter sales of $2.16 billion, a 7.2% increase.
Direct-to-Consumer sales grew 9.2%.
Wholesale sales grew 5.5%.
Diluted earnings per share of $0.91.
Skechers
Skechers
Skechers Revenue by Segment
Forward Guidance
For the third quarter of 2024, the Company believes it will achieve sales between $2.30 and $2.35 billion and diluted earnings per share of between $1.10 and $1.15. Further, the Company believes that for the fiscal year 2024, it will achieve sales between $8.875 and $8.975 billion and diluted earnings per share of between $4.08 and $4.18.