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Skechers Announces Third Quarter 2022 Financial Results

October 25, 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 third quarter ended September 30, 2022.

Third Quarter Highlights

Record quarterly sales of $1.88 billion, a year-over-year increase of 20.5% Wholesale sales grew 26.2% Direct-to-Consumer sales grew 11.9% Diluted earnings per share of $0.55 Repurchased $25 million of common stock

Skechers ability to deliver record quarterly sales of $1.88 billion was a significant accomplishment,... More