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Dec 31, 2023
Skechers Q4 2023 Earnings Report
Skechers reported record annual sales and a new fourth quarter sales record, driven by strong demand for comfort technology products and growth in the Direct-to-Consumer business.
Key Takeaways
Skechers announced record fourth quarter sales of $1.96 billion, a 4.4% increase year-over-year, and record annual sales of $8.00 billion for 2023. Diluted earnings per share for the quarter were $0.56, a 16.7% increase year-over-year. The company's Direct-to-Consumer sales grew 20.3% during the quarter.
Record fourth quarter sales of $1.96 billion, a year-over-year increase of 4.4%.
Direct-to-Consumer sales grew 20.3%.
Diluted earnings per share of $0.56, a year-over-year increase of 16.7%.
Gross margin was 53.1%, an increase of 470 basis points.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
For the fiscal year 2024, the Company believes it will achieve sales between $8.60 and $8.80 billion and diluted earnings per share of between $3.65 and $3.85. For the first quarter of 2024, it will achieve sales between $2.175 and $2.225 billion and diluted earnings per share of between $1.05 and $1.10.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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