Skechers had sales of $2.35 billion (€2.17 billion) in the third quarter. This is an increase of 15.9% compared to the same quarter last year and the highest sales the company has ever achieved in a quarter. There was growth of 21% in wholesale and 10% in D2C. Sales increased in all markets. In the USA it rose by 15% and on the American continent as a whole by 14%. In the Asia-Pacific market the increase was 7% and in the EMEA market it was 30%. At $1.22 billion (€1.13 billion), gross profit was 14% higher than in the same quarter last year. The gross margin fell from 52.9% to 52.1%. The result from operating business increased by 12.9% to 738.8 million dollars (682 million euros), the operating margin increased from 10.8% to 10.9. Net income attributable to Skechers USA Inc. increased by 17.8% to $540.1 million (€499.3 million), and diluted earnings per share increased from $2.93 to $3.50.
Skechers breaks sales record – schuhcourier
