Skechers reported strong revenue growth and expansion in international markets, particularly in EMEA and The Americas, and in its direct-to-consumer segment. However, challenges in China, increased operating expenses, decreased operating margin, and inventory concerns due to tariffs were notable lowlights.

Company Guidance

In the Skechers U.S.A., Inc. first quarter 2025 earnings call, the company reported a new sales record with $2.41 billion in revenue, or $2.46 billion on a constant currency basis, and earnings per share of $1.34. This growth was driven by a 7% increase in both domestic and international sales, with EMEA experiencing a 14% rise and The Americas 8.3%. APAC saw a 2.6% decline primarily due to soft consumer spending in China, but excluding China, APAC sales grew 12%. The wholesale segment grew by 7.8%, and direct-to-consumer sales increased by 6%. Skechers ended the quarter with 5,318 stores globally, opening 51 company-owned stores and 50 third-party stores, but also closing 62 third-party stores, including 42 in China. Despite macroeconomic uncertainties, the company remains focused on expanding its distribution centers and enhancing its product offerings. Skechers highlighted its strategic investments in international markets and its commitment to innovation and comfort at an affordable price.

Record-Breaking Sales

Skechers achieved a new sales record with $2.41 billion in revenue, or $2.46 billion on a constant currency basis, marking a 7.1% increase, and earnings per share of $1.34.

Solid International Growth

International sales contributed to 65% of total business, with EMEA sales increasing by 14% and The Americas by 8.3%. Excluding China, APAC sales grew 12%.

Expansion of Direct-to-Consumer Segment

Sales in the direct-to-consumer segment rose 6%, with domestic growth of 11% and international growth of 2.9%. Excluding China, international DTC sales grew 12%.

Wholesale Sales Growth

Wholesale sales increased 7.8% year over year to $1.53 billion, with international sales increasing 9.5%.

Skechers USA (SKX) Earnings, Revenues Date & History

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SKX Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 23, 2025	2025 (Q3)	0.81 / -	1.26	―	―	―
Aug 08, 2025	2025 (Q2)	0.82 / 1.13	0.97	16.49% (+0.16)	―	―
Apr 24, 2025	2025 (Q1)	1.17 / 1.17	1.37	-14.60% (-0.20)	―
Feb 06, 2025	2024 (Q4)	0.75 / 0.65	0.48	35.42% (+0.17)	―
Oct 24, 2024	2024 (Q3)	1.16 / 1.26	0.98	28.57% (+0.28)	―
Jul 25, 2024	2024 (Q2)	0.95 / 0.97	0.97	0.00% (0.00)	―
Apr 25, 2024	2024 (Q1)	1.10 / 1.37	0.96	42.71% (+0.41)	―
Feb 01, 2024	2023 (Q4)	0.55 / 0.48	0.48	0.00% (0.00)	―
Oct 26, 2023	2023 (Q3)	0.82 / 0.98	0.64	53.12% (+0.34)	―
Jul 27, 2023	2023 (Q2)	0.54 / 0.97	0.58	67.24% (+0.39)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

SKX Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 08, 2025	$62.96	$62.91	-0.08%
Apr 24, 2025	$50.49	$47.79	-5.35%
Feb 06, 2025	$75.62	$66.03	-12.68%
Oct 24, 2024	$61.63	$59.21	-3.93%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.