Net income fell 39% to $64,278,000 from $103,090,000 on revenues that were down 4% to $1,300,886,000 from $1,353,998,000, with sales posting a strong sequential rebound in markets recovering from Covid, softening the blow from still challenged markets on the top line. Wholesale bounced back in Q3 with domestic up 6% to $318,449,000 from $299,634,000 and international inching down 0.5% to $643,393,000 from $646,596,000. SKX is still declining to provide any formal revenue guidance for the year, despite the improving marketplace.

Adult athletic, casual and sandal footwear led the domestic rebound, along with single-digit improvement in men’s and women’s collections. Kids’ footwear ... Log in to view full article.