Skechers USA (SKX) Reports In-Line Q1 EPS, Q2 Guidance Misses
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SKECHERS Achieves New Quarterly Sales Record in First Quarter 2018
April 19, 2018 4:05 PM EDTMANHATTAN BEACH, Calif.--(BUSINESS WIRE)-- SKECHERS USA, Inc. (NYSE: SKX), a global footwear leader, today announced financial results for the first quarter ended March 31, 2018.
First Quarter Highlights
Record sales of $1.250 billion, an increase of 16.5 percent Earnings from operations of $148.8 million, a 19.6 percent increase Net earnings of $117.7 million, a 25.2 percent increase, and diluted earnings per share of $0.75 International wholesale sales increased 17.9 percent; total international wholesale and retail sales combined represented 54.0 percent of total sales... More