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Article Date: October 2018
Word Count: 601

Skechers Q3 Driven by Strength in Retail, International


Net income slipped 2% to $90,728,000 from $92,310,000 in the third quarter as higher SG&A offset gross profit gains on sales that were 7% higher at $1,176,395,000 up from $1,094,829,000. Total U.S. sales were up 2% boosted by retail gains and a 15% jump in e-commerce sales that more than offset a 3% decline in domestic wholesale. Women’s sales were driven by the chunky-soled D’Lites and strength in walk, sandals and Bobs. Casual, golf and work were strong for men’s and women’s, and Skechers also sees potential for the thick-soled styles crossing over into men’s. Pairs shipped increased 1.5% in ... Log in to view full article.

 


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