Skechers Q4 2023 Earnings Report
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.
Skechers
Skechers
Skechers Revenue by Segment
Skechers 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.