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Article Date: April 2021
Word Count: 520

Skechers Comes Back Strong in Q1 on Big International Gains


Net income more than doubled to $98,573,000 from $49,101,000 on revenues that were up 15% (+12% constant currency) to a record $1,428,418,000 over $1,242,345,000 and were up 12% from the more normal Q1 ‘19. International sales drove the top line growth, increasing 20% and now accounting for 58% of the total top line, while domestic sales improved a somewhat more modest 9%, which still represented a solid sequential bump from the fourth quarter.

 

International wholesale was up 24% to $712.2 million, led by a 174% rebound in China from the depths of the pandemic’s impact, that was a 46% over ’19. ... Log in to view full article.

 


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