Skechers Announces Fourth Quarter and Full Year 2020 Financial Results
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Skechers USA (SKX) Tops Q4 EPS by 4c, Revenues Beat
February 4, 2021 4:09 PM ESTSkechers USA (NYSE: SKX) reported Q4 EPS of $0.34, $0.04 better than the analyst estimate of $0.30. Revenue for the quarter came in at $1.32 billion versus the consensus estimate of $1.31 billion.
Fourth Quarter Highlights
Sales of $1.32 billion, a decrease of 0.5% year-over-yearDomestic Wholesale sales grew 1.2% year-over-yearChina sales grew 29.7% year-over-yearDiluted earnings per share were $0.34, including a one-time tax benefit of $0.10 per shareCash and cash equivalents were $1.37 billion at quarter-endFor Skechers, 2020 began with positive momentum following a year of record sales, but the global... More
