Net income rocketed up nearly eightfold to $402,423,000 in the final quarter, helped by a $338 million tax benefit, from $53,281,000 last year, on revenues that were 24% higher at $1,647,881,000 against $1,324,711,000. All reportable segments were up on a 10% increase in domestic sales and a 34% gain in international, the latter accounting for 65% of total sales. The tax windfall resulted from an intra-entity transfer of certain intellectual property rights, SKX said.

Domestic wholesale gained 5% to $313.0 million led by women’s and kids’, followed by men’s walking and running. Delivery delays eased in Dec., helping offset impacts early ... Log in to view full article.