Skechers USA (SKX) Tops Q1 EPS by 5ck Issues Mixed Outlook

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Go back to Skechers USA (SKX) Tops Q1 EPS by 5ck Issues Mixed Outlook

Skechers Announces Record First Quarter 2022 Financial Results

April 26, 2022 4:05 PM EDT

LOS ANGELES--(BUSINESS WIRE)-- SKECHERS U.S.A., Inc. (Skechers or the Company) (NYSE: SKX), The Comfort Technology CompanyTM and a global footwear leader, today announced financial results for the first quarter ended March 31, 2022.

First Quarter Highlights

Record quarterly sales of $1.82 billion, a year-over-year increase of 26.8% Wholesale sales grew 32.7% Direct-to-Consumer sales grew 15.7% Diluted earnings per share of $0.77, a year-over-year increase of 22.2% Repurchased $25 million of common stock

First quarter sales of over $1.8 billion are a new quarterly sales... More