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Article Date: February 2025
Word Count: 628

Skechers’ Record Year Overcomes China Headwinds


Net income increased 14% in the final quarter to $99,326,000 from $87,182,000 on 13% higher sales that came in at $2,212,416,000, up from $1,960,940,000 and would have been up 14% constant currency. Wholesale sales increased 18% to $1,130.7 million with a gross margin of 41.5%, and the direct-to-consumer channel grew 8% to $1,081.7 million, generating a 65.6% gross margin. U.S. sales gained 18% to $841.6 million, driven by a 31% surge in wholesale to $429.7 million. Domestic DTC sales increased 7% to $411.9 million, helped by e-commerce during the Holiday shopping ... Log in to view full article.

 


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