Skechers USA (SKX) Tops Q1 EPS by 9c; Guides Q2 Revs Below the Street

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Go back to Skechers USA (SKX) Tops Q1 EPS by 9c; Guides Q2 Revs Below the Street

SKECHERS Announces Record First Quarter 2016 Financial Results

April 21, 2016 4:01 PM EDT

Record Quarterly Sales of $978.8 Million, an Increase of 27.4 Percent

Record Quarterly Earnings from Operations of $138.6 Million

Record Quarterly Net Earnings of $97.6 Million

Record Quarterly Diluted Earnings Per Share of $0.63

MANHATTAN BEACH, Calif.--(BUSINESS WIRE)-- SKECHERS USA, Inc. (NYSE: SKX), a global footwear leader and the second largest footwear brand in the United States, today announced financial results for the first quarter ended March 31, 2016.

First quarter 2016 net sales were $978.8 million compared to $768.0... More