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Jun 30, 2024
Skechers Q2 2024 Earnings Report
Skechers achieved record second quarter sales and raised full-year outlook.
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.
Revenue by Segment
Revenue by Geographic Location
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.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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