SKECHERS Sees 37% Year Over Year Boost In Net Sales

  • July 25, 2014 at 12:13 PM EDT
  • By Alicia Esposito
Share on linkedin
Share on twitter
Share on facebook
Share on reddit
Share on email

Footwear brand and retailer SKECHERS reported Q2 2014 net sales of $587 million, the highest quarterly revenues in its 22-year history and a 37% improvement over the previous year.

“The strong sales are attributable to fresh styles across our lifestyle, performance and kids’ categories, and the demand for our product resulted in a positive shift of our back-to-school domestic wholesale and international subsidiary shipments originally scheduled for July into June,” said David Weinberg, Chief Operating Office and Chief Financial Officer, during the call. “We achieved double-digit increases in our domestic wholesale business, which included a four percent increase in average price per pair; double-digit increases in our international wholesale business, with some markets up triple digits.”

During the company’s Q2 2014 earnings call, executives revealed that gross profit for the quarter was 45.9% of net sales, or $269 million. This is a slight increase from the same period in 2013, where gross profit was $195 million, or 45.5% of net sales.

Advertisement

Weinberg noted that SKECHERS also saw double-digit growth in company-owned stores and achieved a 13.9% increase in comparable net sales between Q2 2013 and Q2 2014.

Advertisement

Advertisement

Access Our Editorial Calendar




If you are downloading this on behalf of a client, please provide the company name and website information below:

Access The Media Kit

Interests: