Skechers (NYSE: SKX) 1Q19 Results: Revenue, Comps and EPS Miss Consensus Estimates

Executive Summary

• Skechers reported first quarter 2019 sales of $1.28 billion, missing the $1.30 billion consensus estimate, and $0.71 EPS, missing the $0.73 consensus estimate.
• Driven by international stores, comparable same-store sales were up 0.7%, missing the consensus estimate of 0.8%.
• The company estimated sales will be $1.20 billion to $1.22 billion and EPS will range from $0.30 to $0.35 in 2Q19.