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Article Date: July 2024
Word Count: 531

Skechers Rides Balanced Growth to Q2 Record


Net income dipped 8% to $140,302,000 from $152,759,000 on a 7% increase in sales to a second quarter record of $2,157,643,000 over $2,012,516,000, as domestic wholesale rebounded from a string of sluggish results while European wholesale was hurt by Red Sea supply chain disruptions. DTC was up 9% to $1,025.5 million and wholesale posted 6% growth to $1,132.1 million. Total U.S. sales improved 8% to $863.8 million on a 1% DTC gain to $416.9 million and a 14% recovery in wholesale to $446.9 million. Wholesale saw double-digit gains in men’s and ... Log in to view full article.

 


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