Skechers posts robust rise in Q3 sales and earnings

Skechers USA, Inc., for the third quarter ended September 30, 2019 reported sales growth of 15.1 percent as a result of a 21.9 percent increase in the company’s international business, or 25.7 percent on a constant currency basis, and a 6.7 percent increase in its domestic business. On a constant currency basis, the company’s sales increased 17.2 percent. Earnings from operations increased 23.5 million dollars or 19 percent to 147.4 million dollars, while net earnings were 103.1 million dollars and diluted earnings per share were 67 cents. On a constant currency basis, diluted earnings per share were 71 cents, an increase of 22.4 percent.