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Sep 30, 2024
Skechers Q3 2024 Earnings Report
Skechers reported record quarterly sales and increased earnings per share.
Key Takeaways
Skechers announced record-breaking quarterly sales of $2.35 billion, a 15.9% increase year-over-year. Diluted earnings per share increased by 35.5% to $1.26. The company's wholesale and direct-to-consumer segments grew by 20.6% and 9.6%, respectively.
Record quarterly sales of $2.35 billion, a 15.9% increase.
Wholesale sales grew 20.6%.
Direct-to-Consumer sales grew 9.6%.
Diluted earnings per share of $1.26, a 35.5% increase.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
For the fourth quarter of 2024, the Company believes it will achieve sales between $2.165 and $2.215 billion and diluted earnings per share of between $0.70 and $0.75. Further, the Company believes that for the fiscal year 2024, it will achieve sales between $8.925 and $8.975 billion and diluted earnings per share of between $4.20 and $4.25.
Positive Outlook
- Sales between $2.165 and $2.215 billion for Q4 2024.
- Diluted earnings per share between $0.70 and $0.75 for Q4 2024.
- Sales between $8.925 and $8.975 billion for fiscal year 2024.
- Diluted earnings per share between $4.20 and $4.25 for fiscal year 2024.
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
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