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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.
Skechers
Skechers
Skechers Revenue by Segment
Revenue by Segment
Direct-to-Consumer Revenue
CapyFin.com 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.