Skechers U.S.A., Inc. reported earnings rose 32.3 percent in the first quarter ended March 31 on a 10.0 percent sales gain. Strong double-digit direct-to-consumer (DTC) growth globally due to improved inventory availability offset wholesale declines in the Americas region. Guidance was raised as quarterly earnings and sales easily surpassed expectations.
For more background and details on Skechers USA’s Q1 results, get inside company management’s call with analysts and media at SGB Executive here:
EXEC: Skechers Sees DTC And International Offset Q1 U.S. Wholesale Weakness
Photo courtesy Skechers
