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Article Date: February 2020
Word Count: 623

Skechers Has Solid Sales, Profit Gains in Final Quarter


Net income was up 26% to $59,532,000 in the fourth quarter from $47,377,000 as revenue grew 23% to $1,330,732,000 from $1,080,798,000 with every geography contributing double-digit growth to the top line. For the full year SKX net income was up 15% to $346.6 million in 2019 from $301.0 million on sales of $5,220.1 million, up 13% from $4,642.1 million.

 

Fourth quarter domestic sales were up 13% to $542.0 million, while international was up 31% (+32% CC) to $788.8 million, and accounted for 59% of total business for Q4. Both men’s and women’s were positive in the quarter, kids’ returned to growth, ... Log in to view full article.

 


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