Insight Report 2 minutes PremiumSkechers (SKX) 1Q16 Results: Beats Estimates; International Expansion Is Key to Growth Coresight Research April 21, 2016 Executive Summary Skechers announced fiscal 1Q16 revenues of $978.8 million, up 27.4% year over year and above the $914.9 million consensus estimate. EPS was $0.63, beating the consensus estimate by $0.09. The strong performance was a direct result of a 47.1% year-over-year increase in the company’s international wholesale business, a 23.2% increase in company-owned retail sales and a 9.8% comp increase at retail stores. The company provided revenue guidance of $875–$900 million for 2Q16, below the consensus estimate of $912.9 million. This report is for paying subscribers only. Already a paying subscriber? Please log in to see the entire report.If you wish to learn more about our subscription plans and become a paying subscriber, click here. This document was generated for Other research you may be interested in: Temu, the New E-Commerce Marketplace Taking the US by Storm—What Do Consumers Actually Think?Retail-Tech Landscape: Robotics and AutomationRetailTech: RFID Is the Technology That Keeps on Giving to Retailers (and Associates and Consumers)May 2023 US Housing Market Indicators: Sharp Rise in New Home Sales
