SKECHERS Achieves New Second Quarter 2018 Sales Record

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Skechers USA (SKX) Misses Q2 EPS by 12c; Offers 3Q EPS/Revenue Outlook Below Consensus

July 19, 2018 4:08 PM EDT

Skechers USA (NYSE: SKX) reported Q2 EPS of $0.29, $0.12 worse than the analyst estimate of $0.41. Revenue for the quarter came in at $1.13 billion versus the consensus estimate of $1.13 billion.

The financial accomplishments in the second quarter are the result of our product and marketing, as well as our on-going efforts to seek out global opportunities, began Robert Greenberg, Skechers chief executive officer. With the resurgence of retro looks and Skechers DLites, we are the originator of one of the hottest trends in footwear. At the core of this chunky look is comfort, which runs... More