The company was thus above the analyst expectations of 2.3 to $ 2.38 billion (2.09 to 2.17 euros). Current in currency, sales growth was 11.5 %, whereby a positive exchange rate in the amount of $ 33.9 million was shown (EUR 30.85 million).
In the wholesale, revenues rose by 15 %, in direct sales by 11 %. Regionally, Skechers recorded particularly strong growth in Europe, the Middle East and Africa (+48.5 %) and in international wholesale (+29.6 %), while sales in China decreased by 8.2 %.
The net profit climbed by 21.5 % to $ 170.5 million in the quarter (EUR 155.16 million). The watered result per share increased from $ 0.91 in the previous year to $ 1.13 (0.91 euros to EUR 1.13).
The quarterly figures were published against the background of progressive privatization plans. In May, Skechers announced a takeover agreement with the Brazilian private equity company 3G Capital in the volume of $ 9 billion (8.19 billion euros)-the greatest takeover of the story. Among other things, the deal provides for a cash compensation of $ 63 or $ 57 (57.33 euros or 51.87 euros) per share as well as the output of non-tradable equity units in a newly founded parent company.
After a rejected application for an injunction in July, Skechers now work at the end of the transaction, which is expected to take place in the third quarter. The headquarters in Manhattan Beach, California, and the current management team should remain.
