Skechers USA (SKX) Tops Q3 EPS by 17c, Revenues Beat

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Go back to Skechers USA (SKX) Tops Q3 EPS by 17c, Revenues Beat

Skechers Announces Third Quarter 2020 Financial Results

October 29, 2020 4:05 PM EDT

MANHATTAN BEACH, Calif.--(BUSINESS WIRE)-- SKECHERS USA, Inc. (NYSE: SKX), a global footwear leader, today announced financial results for the third quarter ended September 30, 2020.

Third Quarter Highlights

Sales of $1.30 billion, a 3.9 percent decrease year-over-year, but a 78.3 percent increase from second quarter 2020 Domestic wholesale business grew 6.3 percent year-over-year Diluted earnings per share were $0.41 and adjusted diluted earnings per share were $0.53 China sales grew 23.9 percent year-over-year Cash, cash equivalents and investments were $1.50... More