Skechers Q1 record sales $2.25B, EPS $1.33 up 30.4% YoY

SKECHERS USA INC

2024-Q1 EPS reported $1.33 revenue$2,251,587,000

Record Q1 sales of $2.25B (+12.5% YoY); diluted EPS $1.33 vs $1.02 a year ago.
Gross margin expanded 360 bps to 52.5%; operating margin up 210 bps to 13.3%.
International sales grew 15.2% and represented 65% of total; wholesale +9.8%, DTC +17.3%.
Repurchased $60M of stock; inventory fell 10.8% to $1.36B from Dec. 31.
Q2 guidance: sales $2.175-2.225B, EPS $0.85-0.90; FY2024 sales $8.725-8.875B, EPS $3.95-4.10.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SKECHERS USA INC reported first quarter ended March 31, 2024 results: revenue $2.25 billion, net income $206.6 million, EPS $1.33.

Period: first quarter ended March 31, 2024
Revenue: $2.25 billion
Net income: $206.6 million
EPS: $1.33
Result: reported results

Exact text from the filing

Exhibit 99.1 and incorporated herein by reference. --- EX-99.1 (EX-99.1) --- EX-99.1 Exhibit 99.1 Skechers Announces FIRST QUARTER 2024 FINANCIAL RESULTS and record sales of $2.25 billion LOS ANGELES, CA – April 25, 2024 – Skechers U.S.A., Inc. (“Skechers” or the “Company”) (NYSE:SKX), The Comfort Technology Company TM and a global footwear leader, today announced

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Source: SEC EDGAR

accession 0000950170-24-048328

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