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Article Date: July 2023
Word Count: 501

Skechers U.S. Wholesale Woes Offset by Gains Everywhere Else


Net income soared 69% to $152,759,000 from $90,404,000 on 8% higher revenues of $2,012,516,000 up from $1,867,804,000 in a tale of two quarters as domestic wholesale declines partially offset double-digit improvements elsewhere. Total U.S. sales dropped 5% to $801.9 million, while international increased 18% to $1,210.6 million. Americas sales dipped 1% to $1,027 million (+24% excluding U.S. wholesale), but that was more than offset by EMEA gaining 16% CC to $433.3 million and APAC posting 20% CC growth to $552.2 million, with double-digit growth in most countries. Within APAC, China grew 19% to $302.4 million with gains across channels and ... Log in to view full article.

 


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