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Skechers (NYSE: SKX) 2Q19 Results: Revenue, Comps and EPS Beat Consensus Estimates

Executive Summary

  • Skechers reported 2Q19 sales of $1.26 billion, beating the $1.22 billion consensus estimate, and $0.49 EPS, beating the $0.34 consensus estimate.
  • Driven by international stores, comparable same-store sales were up 4.9%, beating the consensus estimate of 0.5%. China remains fundamental to Skechers growth, achieving a 12% sales gain on top of 40%+ in the year ago quarter.
  • The company estimated Q319 sales will be $1.32 billion to $1.35 billion and EPS will range from $0.65 to $0.70.

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