Skechers Q4 2020 Earnings Report
Key Takeaways
Skechers announced Q4 2020 financial results with sales of $1.32 billion, a decrease of 0.5% year-over-year. Diluted earnings per share were $0.34, including a one-time tax benefit of $0.10 per share. The company's domestic wholesale sales grew by 1.2%, while China sales increased by 29.7%. Cash and cash equivalents at quarter-end totaled $1.37 billion.
Sales reached $1.32 billion, a minor decrease of 0.5% year-over-year.
Domestic Wholesale sales saw a growth of 1.2% year-over-year.
China sales experienced substantial growth at 29.7% year-over-year.
Diluted earnings per share were $0.34, including a $0.10 one-time tax benefit.
Skechers
Skechers
Skechers Revenue by Segment
Forward Guidance
The Company is not providing further financial guidance at this time given the ongoing business disruption and substantial uncertainty surrounding the impact of the COVID-19 pandemic on its business globally.
Revenue & Expenses
Visualization of income flow from segment revenue to net income