Skechers Announces Third Quarter 2024 Financial Results and Record-breaking Quarterly Sales of $2.35 Billion
Skechers U.S.A., Inc. (SKX)
Last skechers u.s.a., inc. earnings: 4/23 04:05 pm
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Source: Business Wire
LOS ANGELES--(BUSINESS WIRE)--Skechers U.S.A., Inc. (“Skechers” or the “Company”) (NYSE:SKX), The Comfort Technology CompanyTM and a global footwear leader, today announced financial results for the third quarter ended September 30, 2024.Third Quarter HighlightsRecord quarterly sales of $2.35 billion, a 15.9% increaseWholesale sales grew 20.6%Direct-to-Consumer sales grew 9.6%Diluted earnings per share of $1.26, a 35.5% increaseRepurchased $90.0 million of Class A common stock“Strong consumer demand for Skechers across all distribution channels resulted in a new quarterly sales record of $2.35 billion,” began David Weinberg, Chief Operating Officer of Skechers. “Despite challenging market conditions in certain countries, we achieved 21% Wholesale growth, 10% Direct-to-Consumer growth, as well as 16% internationally and 15% domestically. By region, sales grew 30% in EMEA driven by double-digit growth across all countries; 14% in the Americas, reflecting particularly strong sales in
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- Skechers U.S.A., Inc. (NYSE: SKX) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
SKX
Earnings
- 10/24/24 - Beat
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Sec Filings
- 11/1/24 - Form 10-Q
- 10/24/24 - Form 8-K
- 8/29/24 - Form 4
- SKX's page on the SEC website