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Sep 30, 2021
Skechers Q3 2021 Earnings Report
Skechers achieved a new third quarter sales record surpassing $1.5 billion, driven by double-digit improvements in both domestic and international businesses.
Key Takeaways
Skechers reported record third-quarter sales of $1.55 billion, a 19.2% increase year-over-year. Diluted earnings per share were $0.66, a 61.0% increase year-over-year. The growth was driven by increases in both direct-to-consumer and wholesale segments.
Sales of $1.55 billion, a year-over-year increase of 19.2%.
Direct-to-Consumer sales grew 44.1% and wholesale sales grew 10.5%.
Diluted earnings per share of $0.66, a year-over-year increase of 61.0%.
Cash, cash equivalents and investments of $1.18 billion.
Forward Guidance
For fiscal year 2021, Skechers expects sales between $6.15 billion and $6.20 billion and diluted earnings per share between $2.45 and $2.50. For the fourth quarter of 2021, the Company expects sales between $1.51 billion and $1.56 billion and diluted earnings per share between $0.28 and $0.33.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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