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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.
Revenue by Segment
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
Historical Earnings Impact
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Avg. Return Before/After Earnings
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