Skechers USA (SKX) Price Target Lifted to $90 on Strong Q1 and Backlog

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Go back to Skechers USA (SKX) Price Target Lifted to $90 on Strong Q1 and Backlog

SKECHERS Announces First Quarter 2015 Financial Results

April 22, 2015 4:01 PM EDT

Record Quarterly Net Sales of $768.0 Million, an Increase of 40.5 Percent Earnings from Operations of $88.2 Million Diluted Earnings Per Share of $1.10

MANHATTAN BEACH, Calif.--(BUSINESS WIRE)-- SKECHERS USA, Inc. (NYSE: SKX), a global leader in footwear, today announced financial results for the first quarter ended March 31, 2015.

First quarter 2015 net sales were $768.0 million compared to $546.5 million in the first quarter of 2014, an increase of 40.5 percent. Gross profit for the first quarter of 2015 was... More