Skechers Q3 2021 Earnings Report
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.
Skechers
Skechers
Skechers Revenue by Segment
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.
Revenue & Expenses
Visualization of income flow from segment revenue to net income