Loading...
•
Sep 30, 2023
Skechers Q3 2023 Earnings Report
Skechers reported record quarterly sales and increased earnings per share.
Key Takeaways
Skechers announced record quarterly sales of $2.02 billion, a 7.8% year-over-year increase. Diluted earnings per share increased by 69.1% to $0.93. The company saw growth across all regions, with a significant decrease in inventory levels and a strong gross margin of 52.9%.
Record quarterly sales of $2.02 billion, a 7.8% year-over-year increase.
Diluted earnings per share of $0.93, a 69.1% year-over-year increase.
Direct-to-Consumer sales grew 23.8%.
Inventory decreased by $436.0 million, or 24.0% from December 31, 2022.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
For the fourth quarter of 2023, Skechers expects sales between $1.91 billion and $2.01 billion, and diluted earnings per share between $0.40 and $0.50. For the full year 2023, the company anticipates sales between $7.95 billion and $8.05 billion, with diluted earnings per share between $3.33 and $3.43.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...