Skechers reported 2Q19 sales of $1.26 billion, up some 60%, driven by international stores - especially in China.
Skechers U.S.A., Inc. designs and markets lifestyle footwear for men, women and children and also performance footwear for men and women under the Skechers Performance brand name. Additionally, Skechers offers apparel, accessories, eyewear and other merchandise. The operating segments of Skechers are: domestic wholesale, international wholesale and retail (which includes e-commerce).
Revenue, Comps and EPS Missed Consensus Estimates.
US Retail Inventory Tracker, 4Q18: Potential Tariff Hike and Poor Holiday Sales Lead to Higher Inventories
In this first of our quarterly US Retail Inventory Tracker reports we analyze inventory trends among our Coresight 100 US retailers.
In 4Q18, the company grew sales 11.4% to $1.08 billion, missing the $1.1 billion consensus estimate. On a constant-currency basis, the company recorded $1.1 billion in sales, up 13.7% year over year, reflecting a $22.3 million currency adjustment. The company’s international wholesale business grew 18.4%, missing the 20.2% consensus estimate. The global retail business increased 7.5%, lower than the 8.1% consensus estimate, while the domestic wholesale business grew 4.8%, missing the 9.0% consensus estimate.