secwatch.observer — SEC 8-K summary
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Issuer:     SKECHERS USA INC (—)
CIK:        0001065837
Form:       8-K
Filed at:   2024-04-25T23:59:59+00:00
Accession:  0000950170-24-048328
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1065837/000095017024048328/0000950170-24-048328-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1065837/000095017024048328/skx-20240425.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-048328

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer