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Dec 31, 2020
Skechers Q4 2020 Earnings Report
Skechers experienced a slight sales decrease but showed resilience amidst the global pandemic.
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.
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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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