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Dec 31, 2021
Skechers Q4 2021 Earnings Report
Skechers achieved record fourth quarter and annual sales.
Key Takeaways
Skechers reported record fourth-quarter sales of $1.65 billion, a 24.4% increase year-over-year, driven by growth in international wholesale and direct-to-consumer segments. Diluted earnings per share were $2.56, and adjusted diluted earnings per share were $0.43. The company's board authorized a $500 million share repurchase program.
Sales reached $1.65 billion, a 24.4% year-over-year increase.
Direct-to-Consumer sales grew by 30.3%.
International Wholesale sales increased by 30.1%.
Diluted earnings per share were reported as $2.56, with adjusted diluted earnings per share at $0.43.
Revenue by Segment
Forward Guidance
For the first quarter of 2022, Skechers expects sales between $1.675 billion and $1.725 billion and diluted earnings per share of between $0.70 and $0.75. For the full fiscal year 2022, the Company anticipates sales between $7.0 billion and $7.2 billion and diluted earnings per share of between $2.70 and $2.90.
Positive Outlook
- Sales between $1.675B and $1.725B for Q1 2022
- Diluted EPS between $0.70 and $0.75 for Q1 2022
- Sales between $7.0B and $7.2B for FY 2022
- Diluted EPS between $2.70 and $2.90 for FY 2022
- Continued growth and expansion plans
Challenges Ahead
- Potential supply chain disruptions
- Elevated freight costs
- Ongoing COVID-19 pandemic impacts
- Intense competition in the footwear market
Historical Earnings Impact
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Avg. Return Before/After Earnings
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