Meanwhile, net income increased to 31 cents per share from 21 cents per share a year ago, beating analysts projection of 23 cents per share. On a reported basis, the company swung to a profit of 31 cents per share, from a loss of 43 cents per share in the same quarter last year.
SKX shares jumped 13% during aftermarket trading. The stock has declined by about 33% in the past 12 months.
COO David Weinberg said, “For the quarter, this growth was fueled by double-digit sales increases in each of our international businesses—Company-owned retail, distributor, subsidiary and joint venture, and by single-digit sales increases in both our domestic wholesale and retail businesses.”
For the first quarter of 2019, the Manhattan Beach, California-based firm expects sales in the range of $1.275 billion to $1.300 billion and diluted EPS between $0.70 and $0.75.