Categories Earnings, Other Industries

Skechers USA (SKX): Q3 2019 Earnings Snapshot

— Footwear company Skechers USA, Inc. (NYSE: SKX) reported earnings of $0.67 per share for the third quarter, vs. $0.70 per share expected.

– Net profit was $103.1 million, compared to $90.7 million last year

– Third-quarter sales increased 15% annually to $1.35 billion, vs. $1.34 billion expected; International sales were up 22%

– Comparable store sales were up 7.7%, including 6.8% rise in domestic sales and 9.9% growth in international sales

– Q4 revenues expected in the range of $1.225 billion to $1.250 billion, and earnings per share between $0.35 and $0.40

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