Skechers reported a strong quarter with record sales and significant growth in several international markets, notably India. However, challenges in China and a decline in gross margins present notable concerns. Despite these issues, the brand's global diversification strategy and new product introductions continue to drive overall growth.

Company Guidance

In the Skechers Q3 2024 earnings call, the company provided guidance reflecting strong growth and resilience across various segments. Skechers achieved record quarterly sales of $2.35 billion, a 16% increase, with earnings per diluted share rising by 35% to $1.26. The company saw significant growth in wholesale and direct-to-consumer segments, with international sales contributing 61% of total sales and notable increases in regions like EMEA (30%) and the Americas (14%). Despite challenges in China, where sales declined by 5.7%, Skechers experienced a robust rebound in India with 24% growth. The company expects full-year 2024 sales to range between $8.925 billion and $8.975 billion, with earnings per diluted share projected between $4.20 and $4.25. For Q4, Skechers anticipates sales of $2.165 billion to $2.215 billion and earnings per diluted share of $0.70 to $0.75, while maintaining a focus on strategic investments and long-term goals, such as achieving $10 billion in sales by 2026.

Record-Breaking Quarterly Sales

Skechers achieved $2.35 billion in sales for Q3 2024, marking a new quarterly sales record with a 16% increase.

Earnings Per Share Growth

Earnings per diluted share increased by 35% to $1.26.

Wholesale and Direct-to-Consumer Growth

Wholesale sales grew by 21%, with domestic sales up 26% and international sales up 18%. Direct-to-consumer sales increased by 9.6%.

Strong International Performance

International sales increased by 16%, with EMEA up 30% and the Americas up 14%.

Significant Growth in India

India experienced a 24% growth rebound, driven by local sourcing strategies and partnerships.

Expansion of Retail Footprint

Skechers ended the quarter with 5,332 branded stores worldwide, opening 68 company-owned stores in Q3.

---

Skechers USA (SKX) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

SKX Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jul 19, 2018	2018 (Q2)	- / 0.29	0.38	-23.68% (-0.09)	―	―
Oct 18, 2018	2018 (Q3)	- / 0.58	0.59	-1.69% (-0.01)	―	―
Feb 07, 2019	2018 (Q4)	- / 0.31	0.21	47.62% (+0.10)	―	―
Apr 18, 2019	2019 (Q1)	- / 0.71	0.749	-5.21% (-0.04)	―	―
Jul 18, 2019	2019 (Q2)	- / 0.49	0.29	68.97% (+0.20)	―	―
Oct 22, 2019	2019 (Q3)	- / 0.71	0.58	22.41% (+0.13)	―	―
Feb 06, 2020	2019 (Q4)	- / 0.39	0.31	25.81% (+0.08)	―	―
Apr 23, 2020	2020 (Q1)	- / 0.39	0.71	-45.07% (-0.32)	―	―
Jul 23, 2020	2020 (Q2)	- / -0.48	0.49	-197.96% (-0.97)	―	―
Oct 29, 2020	2020 (Q3)	- / 0.53	0.71	-25.35% (-0.18)	―	―

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
Oct 24, 2024	$61.63	$59.21	-3.93%
Jul 25, 2024	$63.71	$64.72	+1.59%
Apr 25, 2024	$58.82	$65.41	+11.20%
Feb 01, 2024	$63.60	$57.04	-10.31%

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.

---