Skechers USA (SKX) Tops Q3 EPS by 4c, Offers Guidance

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Go back to Skechers USA (SKX) Tops Q3 EPS by 4c, Offers Guidance

Skechers Announces Third Quarter 2024 Financial Results and Record-breaking Quarterly Sales of $2.35 Billion

October 24, 2024 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, 2024.

Third Quarter Highlights

Record quarterly sales of $2.35 billion, a 15.9% increase Wholesale sales grew 20.6% Direct-to-Consumer sales grew 9.6% Diluted earnings per share of $1.26, a 35.5% increase Repurchased $90.0 million of Class A common stock

Strong consumer demand for Skechers across all distribution channels resulted in a new quarterly sales record of... More