Skechers closes Q2 with sharp growth

United States
Published:  03 August, 2015

Skechers, the U.S based footwear brand, reported net sales during the second quarter of 2015 were US$800.5 million, a 36.3% increase compared with US$587.1 million recorded during the same period last year. 

The net earnings rose 129.2% to US$79.8 million. Gross profit was US$374.6 million, against a US$269.4 million last year. For the six months ending June 30, net sales were US$1.57 billion compared to US$1.13 billion in the first six months of 2014.

“Skechers is clearly in the midst of the most exciting time in the company’s 23-year history”, said Robert Greenberg, Skechers CEO. “The present has never looked as colourful, comfortable and successful thanks to our product and marketing. While domestic wholesale remains the largest piece of our business at 42%, the highest channel increase in the second quarter came from our international segment, which improved 60% and now represents 30% of our total sales. With 1,126 Skechers retail stores worldwide, including the new markets of Czech Republic, Nigeria and Alaska, our global footprint is expanding steadily with additional Skechers stores already opened in the third quarter by our international distribution partners in Russia, Australia, Taiwan and Ireland, a joint venture store in India, and another six domestic and international company-owned stores. We believe that our accelerated growth trend will remain through 2015 and into 2016.”

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