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Dec 31, 2024
Skechers Q4 2024 Earnings Report
Skechers reported record annual sales of $8.97 billion and strong fourth quarter results, driven by growth in both wholesale and direct-to-consumer channels.
Key Takeaways
Skechers announced record full year sales of $8.97 billion in 2024, a 12.1% increase year-over-year. Fourth quarter sales reached $2.21 billion, up 12.8%, with diluted earnings per share of $0.65, a 16.1% increase.
Full year 2024 sales reached a record $8.97 billion, increasing 12.1% year-over-year.
Fourth quarter 2024 sales were $2.21 billion, up 12.8% from the prior year.
Diluted earnings per share for the fourth quarter increased 16.1% to $0.65.
Wholesale sales grew 17.5% and Direct-to-Consumer sales grew 8.4% in the fourth quarter.
Skechers
Skechers
Skechers Revenue by Segment
Skechers Revenue by Geographic Location
Revenue by Segment
Wholesale Revenue
CapyFin.comDirect-to-Consumer Revenue
CapyFin.comRevenue by Geographic Location
Americas Revenue
CapyFin.comEMEA Revenue
CapyFin.comAPAC Revenue
CapyFin.comChina Revenue
CapyFin.com Forward Guidance
For fiscal year 2025, Skechers expects sales between $9.70 billion and $9.80 billion, with diluted earnings per share between $4.30 and $4.50. First quarter 2025 sales are projected to be between $2.40 billion and $2.43 billion, with diluted earnings per share between $1.10 and $1.15.
Positive Outlook
- Anticipated sales growth for fiscal year 2025, with a range of $9.70 billion to $9.80 billion.
- Projected increase in diluted earnings per share for fiscal year 2025, ranging from $4.30 to $4.50.
- Expected strong first quarter 2025 sales between $2.40 billion and $2.43 billion.
- Projected first quarter 2025 diluted earnings per share between $1.10 and $1.15.
- Continued investment in expanding distribution centers in the U.S. and China for future growth.
Challenges Ahead
- The income tax rate for fiscal year 2025 is expected to be higher, between 22% and 23%, reflecting the impact of global minimum tax regulations.
- Total capital expenditures are projected to be between $600 million and $700 million in 2025, which is a significant outlay.
- The guidance is subject to risks and uncertainties that could cause actual results to differ materially.
- The company operates in a very competitive and rapidly changing environment.
- Potential for business disruptions due to supply chain issues, international economic/political conditions, and market fluctuations.
Revenue & Expenses
Visualization of income flow from segment revenue to net income