Skechers USA (SKX) Tops Q1 EPS by 6c, Offers Q2 Guidance

(Updated - April 20, 2017 4:03 PM EDT)

Skechers USA (NYSE: SKX) reported Q1 EPS of $0.60, $0.06 better than the analyst estimate of $0.54. Revenue for the quarter came in at $1.07 billion versus the consensus estimate of $1.06 billion.

Based on these key indicators, the Company believes it will achieve net sales in the second quarter in the range of $950 million to $975 million, which would be a second quarter sales record, and earnings per share of $0.42 to $0.47. This projection includes flat to slightly positive sales increases in the Company’s domestic wholesale business, and increases in its international business and Company-owned retail stores.

(Street sees Q2 EPS of $0.47 on revenue of $962M)

For earnings history and earnings-related data on Skechers USA (SKX) click here.

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