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Article Date: October 2017
Word Count: 447

Skechers Has Strong Q3 Boosted by International, DTC


Propelled by a 25.7% increase in its international business and an 18.6% increase in its own retail stores, Skechers income rose 42% to $92,310,000 from $65,110,000 on a 16.2% sales improvement to $1,094,829,000 against $942,417,000. The domestic wholesale business was up 1.4%. SKX added that it expects sales of $860-885 million in Q4, with global backlog up low-double digits which would put the company over the $4 billion mark for the year.

 

The company continues to shows strength in its international sales, which were 53% of total sales or about $580 million for the third quarter, up 25.7%, driven by a ... Log in to view full article.

 


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