Net income attributable to shareholders increased 22% in the second quarter to $170,498,000 from $140,302,000 on 13% higher sales of $2,440,024,000 against $2,157,643,000, which were up nearly 12% on a constant currency basis. SKX did not host a conference call or provide additional color on the quarterly performance, and there was no information in the release regarding the progress of 3G Capital’s $9.4 billion acquisition of the company.

Wholesale sales grew 15% to $1,301.4 million, but gross margin for the channel tumbled 250 b.p. to 41.4%. Direct-to-consumer increased 11% to $1,138.6 million, ... Log in to view full article.