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Article Date: July 2019
Word Count: 474

Skechers Sees International Drive Double-Digit Gains


Net income increased 66% to $75,200,000 from $45,300,000 in the second quarter as revenue increased 11% (+14% CC) to $1,258,600,000 from $1,134,800,000 driven by a 20% increase in international business and a 2% gain in the U.S. By segment, international wholesale business increased 18%, company-owned global DTC increased 14%, while domestic wholesale business decreased 4%. Comparable store sales in company-owned stores and e-commerce increased 4.9%, with +4.2% in the United States and +6.7% internationally. The domestic business benefited from an overall 9% increase in DTC, comprised of 7% growth in brick-and-mortar and 36% increase in ecommerce. DTC comps were up ... Log in to view full article.

 


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