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Dec 31, 2019
Skechers Q4 2019 Earnings Report
Skechers reported record fourth quarter sales and record annual sales in 2019.
Key Takeaways
Skechers announced record fourth quarter sales of $1.33 billion, a 23.1% increase, and diluted earnings per share of $0.39, a 25.8% increase. International sales increased by 31.2%, representing a record 59.3% of total sales. Domestic sales also grew by 13.0%, driven by a 10.4% increase in domestic wholesale.
Record quarterly sales of $1.33 billion, an increase of 23.1 percent.
Diluted earnings per share of $0.39, an increase of 25.8 percent.
International sales increased 31.2 percent, or 32.3 percent on a constant currency basis.
Domestic sales increased 13.0 percent, including an increase of 10.4 percent in domestic wholesale.
Skechers
Skechers
Skechers Revenue by Segment
Revenue by Segment
Direct-to-Consumer Revenue
CapyFin.com Forward Guidance
For the first quarter of 2020, the Company believes it will achieve sales in the range of $1.400 billion to $1.425 billion, and diluted earnings per share of $0.70 to $0.75.
Positive Outlook
- Continued growth in each of the Company’s three reportable segments
- Full-year effective tax rate of 16 to 18 percent
Challenges Ahead
- Significant number of temporary store closures in China
- Below average comparable store sales in China
- Estimate could materially change if the situation in China worsens considerably
- Effects the Company’s business outside of China
- Effects the Company’s supply chain