by Zach | Aug 26, 2024 | Press Release
Aug 26, 2024 • 3:00 am EDT
Former Netherlands National Team Captain Will Appear in Skechers Marketing Campaigns as the Brand’s First Ambassador for Benelux
BRUSSELS & AMSTERDAM–(BUSINESS WIRE)–
Ruud Gullit, football legend and former captain of the Netherlands National Team, has signed on with global footwear brand Skechers as its first ambassador in Benelux. Named World Soccer Player of the Year twice and known as a “Total Footballer,” Gullit will be featured in multi-platform marketing for Skechers’ footwear and apparel collections, including Skechers Hands Free Slip-ins® as his first campaign.
Skechers Benelux ambassador and football legend Ruud Gullit in Skechers Hands Free Slip-ins® footwear. (Photo: Business Wire)
Skechers Benelux ambassador and football legend Ruud Gullit in Skechers Hands Free Slip-ins® footwear. (Photo: Business Wire)
“I’ve always had a love for stylish shoes. My time playing football in Italy only enhanced that, and the look and feel of Skechers continues to impress me,” Ruud Gullit said. “I’ve thoroughly studied their shoes and visited several stores before engaging with the brand. The versatility of their range immediately appealed to me—especially the comfort, convenience and style of Skechers Hands Free Slip-ins. There’s something for everyone, as I like to say. Whether I’m doing analysis on television, working out, playing golf, or attending a more formal event, Skechers offers appropriate shoes for every occasion.”
“Skechers not only boast stylish looks, but they also provide comfort, thanks to the innovative technologies they’re known for,” Gullit continued. “Their dedication to active lifestyles and sports perfectly aligns with my own motivations and values as a former professional football player. I am looking forward to our collaboration and am proud to be the brand’s first ambassador in my home country.”
“Ruud Gullit is the ideal choice for Skechers because of his charisma, enthusiasm and humor,” said Maurice van Berkel, Country Manager, Skechers USA Benelux B.V. “As a football legend who has made significant contributions to Dutch and European football, Ruud has an instant connection with fans across the region. We are excited to embark on this journey together beginning with our new Skechers Hands Free Slip-ins campaign, reaching new heights, and enhancing his role in our dynamic and ambitious brand growth.”
Born in Amsterdam, Ruud Gullit is considered one of the greatest Dutch footballers of all time. He has played for renowned clubs including HFC Haarlem, Feyenoord, PSV, AC Milan, Sampdoria, and Chelsea. Gullit captained the “golden generation” that became European champions in 1988. Following his illustrious playing career, he transitioned into coaching roles at clubs such as Newcastle United, Chelsea, and Feyenoord. Today, he serves as a football analyst on sports programs.
In addition to Gullit, Skechers features former footballers in its lifestyle advertising across Europe including Jamie Redknapp, Frank Lebœuf, and Fabio Cannavaro. The brand also has a roster of premier league football stars currently competing in Skechers boots on the pitch including Harry Kane, Mohammed Kudus, Oleksandr Zinchenko, and Anthony Elanga.
Skechers’ men’s footwear and apparel are available in Skechers stores, at skechers.nl and skechers.be and in department stores, specialty stores and shoe stores worldwide.
About Skechers U.S.A. Benelux B.V. and Skechers U.S.A., Inc.
Skechers USA Benelux B.V. is a subsidiary of Skechers U.S.A., Inc. (NYSE:SKX), The Comfort Technology Company® based in Southern California. Skechers designs, develops and markets a diverse range of lifestyle and performance footwear, apparel and accessories for men, women and children. The Company’s collections are available in 180 countries and territories through department and specialty stores, and direct to consumers through skechers.com and approximately 5,200 Skechers retail stores. A Fortune 500® company, Skechers manages its international business through a network of wholly-owned subsidiaries, joint venture partners, and distributors. For more information, please visit about.skechers.com and follow us on Facebook, Instagram and TikTok.
This announcement contains forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements may include, without limitation, Skechers’ future domestic and international growth, financial results and operations including expected net sales and earnings, its development of new products, future demand for its products, its planned domestic and international expansion, opening of new stores and additional expenditures, and advertising and marketing initiatives. Forward-looking statements can be identified by the use of forward-looking language such as “believe,” “anticipate,” “expect,” “estimate,” “intend,” “plan,” “project,” “will,” “could,” “may,” “might,” or any variations of such words with similar meanings. Any such statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected in forward-looking statements. Factors that might cause or contribute to such differences include the disruption of business and operations due to the COVID-19 pandemic; delays or disruptions in our supply chain; international economic, political and market conditions including the effects of inflation and foreign currency exchange rate fluctuations around the world, the challenging consumer retail markets in the United States, and the impact of wars, acts of war and other conflicts around the world; sustaining, managing and forecasting costs and proper inventory levels; losing any significant customers; decreased demand by industry retailers and cancellation of order commitments due to the lack of popularity of particular designs and/or categories of products; maintaining brand image and intense competition among sellers of footwear for consumers, especially in the highly competitive performance footwear market; anticipating, identifying, interpreting or forecasting changes in fashion trends, consumer demand for the products and the various market factors described above; sales levels during the spring, back-to-school and holiday selling seasons; and other factors referenced or incorporated by reference in Skechers’ annual report on Form 10-K for the year ended December 31, 2023 and its quarterly reports on Form 10-Q in 2024. Taking these and other risk factors associated with the COVID-19 pandemic into consideration, the dynamic nature of these circumstances means that what is stated in this press release could change at any time, and as a result, actual results could differ materially from those contemplated by such forward-looking statements. The risks included here are not exhaustive. Skechers operates in a very competitive and rapidly changing environment. New risks emerge from time to time and we cannot predict all such risk factors, nor can we assess the impact of all such risk factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. Given these risks and uncertainties, you should not place undue reliance on forward-looking statements as a prediction of actual results. Moreover, reported results should not be considered an indication of future performance.
Media Contacts:
Amber van Weert
Skechers USA Benelux B.V.
[email protected]
Serin Tuncehan
TEAM LEWIS
[email protected]
Source: Skechers U.S.A. Benelux B.V.
by Zach | Aug 13, 2024 | Press Release
Aug 13, 2024 • 9:00 am EDT
The America’s Got Talent Host and Comedian Gives the Global Footwear Brand the Golden Buzzer for Skechers Hands Free Slip-ins
LOS ANGELES–(BUSINESS WIRE)–
Skechers caught Howie Mandel in the act: “discovering” the America’s Got Talent host in a Los Angeles-area Skechers store trying to score a discount on his favorite pair of Skechers Hands Free Slip-ins® by claiming he was a Skechers ambassador—when he wasn’t. Caught on camera, the comedian’s story resulted in the brand’s version of a golden buzzer: an official invitation to join Team Skechers and appear in a Skechers Hands Free Slip-ins marketing campaign inspired by the original pair he grabbed in his serendipitous visit.
America’s Got Talent host and comedian Howie Mandel joins the Skechers team as the brand’s newest ambassador. (Photo: Business Wire)
America’s Got Talent host and comedian Howie Mandel joins the Skechers team as the brand’s newest ambassador. (Photo: Business Wire)
“What can I say—they caught me red-handed because I was thinking with my feet. This is penance for trying to get away with that discount—but honestly, their comfort is worth it,” said Howie Mandel. “I’ve been a devoted fan of the brand for years, so the thought of shooting Skechers ads in Skechers Hands Free Slip-ins—and having a new footwear wardrobe—is the kind of payback I’m thrilled to have.”
“America’s got Skechers—and now Skechers has Howie Mandel! The way we found him buying our new Skechers Hands Free Slip-ins was so funny, we’re making it his inaugural Skechers campaign,” said Skechers CEO Robert Greenberg, who was sent a photo of Mandel at the Skechers store purchasing his Slip-ins styles, and promptly signed him to join the Skechers team.
“Howie’s a remarkable judge of great performers—and we’re elated to be his top choice for comfort that performs,” said Michael Greenberg, president of Skechers. “Through decades of comedy and charisma, he possesses a magnetic personality that has endeared him to millions. We’re glad that his life has changed for the better since discovering our Skechers Hands Free Slip-ins, and that he wants to share our message of comfort with the world.”
Added Mandel: “Skechers Hands Free Slip-ins technology is unparalleled. Their styles are so comfortable and with so many designs, they work everywhere I go. The brand’s even made footwear more accessible and convenient for me and my OCD, removing the need to touch them since I can just slip in and go. This partnership is a great way to show the world how Skechers Hands Free Slip-ins simplifies day-to-day life for others, just like they’ve done for me.”
A comedian, television personality, actor, and producer, Mandel’s wide-ranging career includes the voice of Gizmo in Gremlins and Gremlins 2: The New Batch, the role of ER resident Dr. Wayne Fiscus on the NBC medical drama St. Elsewhere, and creator and star of the Fox children’s cartoon Bobby’s World. The longtime host of the game show Deal or No Deal, he has been a judge on NBC’s America’s Got Talent since 2010, and Citytv’s Canada’s Got Talent since 2022.
Mandel joins a team of global Skechers ambassadors—from music icon Snoop Dogg, lifestyle legend Martha Stewart, and TV and fitness personalities Amanda Kloots and Brooke Burke to former professional athletes such as Tony Romo, Howie Long, and Sugar Ray Leonard. The roster of elite pros around the world currently competing in Skechers footwear includes NBA basketball players Joel Embiid, Julius Randle and Terance Mann; golfers Matt Fitzpatrick and Brooke Henderson; soccer players Harry Kane, Mohammed Kudus and Oleksandr Zinchenko; baseball players Clayton Kershaw, Aaron Nola, Chris Taylor and Brendan Donovan; and pickleball pros Tyson McGuffin and Catherine Parenteau.
Skechers offers its complete range of footwear at Skechers retail stores and skechers.com, as well as at department stores and footwear retailers around the globe.
About Skechers U.S.A., Inc.
Skechers (NYSE:SKX), The Comfort Technology Company® based in Southern California, designs, develops and markets a diverse range of lifestyle and performance footwear, apparel and accessories for men, women and children. The Company’s collections are available in 180 countries and territories through department and specialty stores, and direct to consumers through skechers.com and approximately 5,260 Skechers retail stores. A Fortune 500® company, Skechers manages its international business through a network of wholly-owned subsidiaries, joint venture partners, and distributors. For more information, please visit about.skechers.com and follow us on Facebook, Instagram and TikTok.
This announcement contains forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements may include, without limitation, Skechers’ future domestic and international growth, financial results and operations including expected net sales and earnings, its development of new products, future demand for its products, its planned domestic and international expansion, opening of new stores and additional expenditures, and advertising and marketing initiatives. Forward-looking statements can be identified by the use of forward-looking language such as “believe,” “anticipate,” “expect,” “estimate,” “intend,” “plan,” “project,” “will,” “could,” “may,” “might,” or any variations of such words with similar meanings. Any such statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected in forward-looking statements. Factors that might cause or contribute to such differences include the disruption of business and operations due to the COVID-19 pandemic; delays or disruptions in our supply chain; international economic, political and market conditions including the effects of inflation and foreign currency exchange rate fluctuations around the world, the challenging consumer retail markets in the United States, and the impact of wars, acts of war and other conflicts around the world; sustaining, managing and forecasting costs and proper inventory levels; losing any significant customers; decreased demand by industry retailers and cancellation of order commitments due to the lack of popularity of particular designs and/or categories of products; maintaining brand image and intense competition among sellers of footwear for consumers, especially in the highly competitive performance footwear market; anticipating, identifying, interpreting or forecasting changes in fashion trends, consumer demand for the products and the various market factors described above; sales levels during the spring, back-to-school and holiday selling seasons; and other factors referenced or incorporated by reference in Skechers’ annual report on Form 10-K for the year ended December 31, 2023 and its quarterly reports on Form 10-Q in 2024. Taking these and other risk factors associated with the COVID-19 pandemic into consideration, the dynamic nature of these circumstances means that what is stated in this press release could change at any time, and as a result, actual results could differ materially from those contemplated by such forward-looking statements. The risks included here are not exhaustive. Skechers operates in a very competitive and rapidly changing environment. New risks emerge from time to time and we cannot predict all such risk factors, nor can we assess the impact of all such risk factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. Given these risks and uncertainties, you should not place undue reliance on forward-looking statements as a prediction of actual results. Moreover, reported results should not be considered an indication of future performance.
Jennifer Clay
Skechers U.S.A., Inc.
[email protected]
Source: Skechers U.S.A., Inc.
by Zach | Aug 1, 2024 | Press Release
Aug 1, 2024 • 9:00 am EDT
The new work, outdoor and fashion offering for men and children pairs John Deere’s rich heritage with innovative Skechers comfort technologies
LOS ANGELES–(BUSINESS WIRE)–
Fans of the iconic John Deere brand and Skechers comfort technologies now have the best of both worlds with the new Skechers x John Deere collection available today. Designed for agricultural professionals, construction workers, outdoor enthusiasts, fashion-minded individuals and children, the new styles boast the perfect mix of innovation and style.
Skechers x John Deere features include Skechers Hands Free Slip-ins® Technology; Skechers Arch Fit®; and composite toe protection, as well as other innovations. (Photo: Business Wire)
Skechers x John Deere features include Skechers Hands Free Slip-ins® Technology; Skechers Arch Fit®; and composite toe protection, as well as other innovations. (Photo: Business Wire)
“Our team has been focused on developing the perfect collection reflective of the active, hard-working customers that bring the John Deere brand to life. We feel our inaugural Skechers x John Deere offering will impress and resonate with shoppers everywhere,” said Michael Greenberg, president of Skechers. “We’ve given this iconic pairing the attention it deserves, with an array of signature features and innovations that have made Skechers ‘The Comfort Technology Company’ demanded worldwide.”
“We’re excited to bring high-quality footwear to all who share the same hardworking spirit as our customers, including fun and playful designs for our youngest brand fans,” said Mara Downing, vice president of Corporate Communications and Brand Management at John Deere.
Skechers’ legendary comfort innovations are prominently used throughout the collection, with patented Skechers Hands Free Slip-ins® Technology, Skechers Arch Fit® Technology and Skechers Relaxed Fit® Technology.
Backed by a commercial highlighting the new collection, the first capsule consists of various styles for men, including all-terrain sneakers featuring Goodyear® Performance Outsoles built from the brand’s soy-based rubber compound with silica for enhanced traction, stability and durability. The rugged-inspired Skechers x John Deere collection is designed with waterproof materials and protective features like composite toe, nano carbon safety and PORON® XRD metatarsal protection. A leading brand in the occupational footwear industry, Skechers has also integrated its slip-resistant (ASTM F3445) and electrical hazard-rated technologies into the new offering.
The children’s line includes tractor-inspired designs and kid-friendly features such as S-Lights® with on/off buttons, Skechers Air-Cooled Memory Foam® insoles, and machine washable technology.
The Skechers x John Deere sport adventure, work, utility sneaker, boot, and casual footwear collections for adults and kids are now available at Skechers retail stores and www.skechers.com, as well as premium retail partners and specialty retailers worldwide.
About Skechers U.S.A., Inc.
Skechers (NYSE:SKX), The Comfort Technology Company® based in Southern California, designs, develops and markets a diverse range of lifestyle and performance footwear, apparel and accessories for men, women and children. The Company’s collections are available in 180 countries and territories through department and specialty stores, and direct to consumers through skechers.com and approximately 5,260 Skechers retail stores. A Fortune 500® company, Skechers manages its international business through a network of wholly-owned subsidiaries, joint venture partners, and distributors. For more information, please visit about.skechers.com and follow us on Facebook, Instagram and TikTok.
About John Deere
Deere & Company (www.JohnDeere.com) is a global leader in the delivery of agricultural, construction, and forestry equipment. We help our customers push the boundaries of what’s possible in ways that are more productive and sustainable to help life leap forward. Our technology-enabled products including John Deere Autonomous 8R Tractor, See & Spray™, and E-Power Backhoe are just some of the ways we help meet the world’s increasing need for food, shelter, and infrastructure. Deere & Company also provides financial services through John Deere Financial. For more information on Deere & Company, visit us at www.deere.com/en/news/.
About Goodyear
Goodyear is one of the world’s largest tire companies. It employs about 72,000 people and manufactures its products in 57 facilities in 23 countries around the world. Its two Innovation Centers in Akron, Ohio, and Colmar-Berg, Luxembourg, strive to develop state-of-the-art products and services that set the technology and performance standard for the industry. For more information about Goodyear and its products, go to www.goodyear.com/corporate.
This announcement contains forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements may include, without limitation, Skechers’ future domestic and international growth, financial results and operations including expected net sales and earnings, its development of new products, future demand for its products, its planned domestic and international expansion, opening of new stores and additional expenditures, and advertising and marketing initiatives. Forward-looking statements can be identified by the use of forward-looking language such as “believe,” “anticipate,” “expect,” “estimate,” “intend,” “plan,” “project,” “will,” “could,” “may,” “might,” or any variations of such words with similar meanings. Any such statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected in forward-looking statements. Factors that might cause or contribute to such differences include the disruption of business and operations due to the COVID-19 pandemic; delays or disruptions in our supply chain; international economic, political and market conditions including the effects of inflation and foreign currency exchange rate fluctuations around the world, the challenging consumer retail markets in the United States, and the impact of wars, acts of war and other conflicts around the world; sustaining, managing and forecasting costs and proper inventory levels; losing any significant customers; decreased demand by industry retailers and cancellation of order commitments due to the lack of popularity of particular designs and/or categories of products; maintaining brand image and intense competition among sellers of footwear for consumers, especially in the highly competitive performance footwear market; anticipating, identifying, interpreting or forecasting changes in fashion trends, consumer demand for the products and the various market factors described above; sales levels during the spring, back-to-school and holiday selling seasons; and other factors referenced or incorporated by reference in Skechers’ annual report on Form 10-K for the year ended December 31, 2023 and its quarterly reports on Form 10-Q in 2024. Taking these and other risk factors associated with the COVID-19 pandemic into consideration, the dynamic nature of these circumstances means that what is stated in this press release could change at any time, and as a result, actual results could differ materially from those contemplated by such forward-looking statements. The risks included here are not exhaustive. Skechers operates in a very competitive and rapidly changing environment. New risks emerge from time to time and we cannot predict all such risk factors, nor can we assess the impact of all such risk factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. Given these risks and uncertainties, you should not place undue reliance on forward-looking statements as a prediction of actual results. Moreover, reported results should not be considered an indication of future performance.
Media Contacts:
Jennifer Clay
Skechers U.S.A., Inc.
[email protected]
(310) 937-1326
Jen Hartmann
Director, Public Relations
Deere & Company
[email protected]
Source: Skechers U.S.A., Inc.
by Zach | Jul 30, 2024 | Press Release
Jul 30, 2024 • 9:00 am EDT
LOS ANGELES–(BUSINESS WIRE)–
Skechers expanded its all-star roster of athletes with Los Angeles Sparks forward Rickea Jackson. The WNBA’s first-round draft pick joined Team Skechers after practicing in Skechers Basketball shoes and experiencing the brand’s signature Comfort That Performs.
Rickea Jackson in the new SKX NEXUS™ basketball shoes from Skechers. (Photo: Business Wire)
Rickea Jackson in the new SKX NEXUS™ basketball shoes from Skechers. (Photo: Business Wire)
“I’m thrilled to be the first WNBA player to join forces with Skechers,” shared Rickea Jackson. “While Skechers is a new player in the basketball world, their commitment to fit, support, and active collaboration with athletes is clear. The comfort and design of their footwear is truly impressive. I love training in these shoes and I’m eager to see what we can accomplish together.”
“So we can give each player the attention they deserve, our roster of professional basketball athletes is tight and focused with veterans like 2022-2023 MVP Joel Embiid and three-time NBA All-Star Julius Randle, as well as rising stars with exceptional talent like LA Clippers shooting guard Terance Mann. We’ve been looking for the right WNBA player to add to Team Skechers and we found her in Rickea Jackson,” said Michael Greenberg, president of Skechers. “Rickea’s a sensational athlete and an inspiration—and she deserves the best footwear that meets her needs. League rules mean fans won’t see her competing in Skechers now, but we’re already gaining her insights as we continue to deliver the most comfortable and innovative footwear on the court for all athletes.”
Perfect for players like Jackson and Mann who desire a fast and responsive court-feel, the SKX NEXUS™ is a low-top court shoe designed for speed, stability and support. Offering exceptional comfort with resilient Skechers Move Foam™, every pair features a breathable mesh upper, lockdown ankle support in the heel, and Goodyear® rubber with a torsion-plate to amplify traction for quick cuts on the court. The style joins an innovative Skechers Basketball collection that includes the lightweight SKX Resagrip™ with advanced cushioning and the SKX Float™ for exceptional stability and control. Another new style, the SKX Reign™ that promotes elevation and intense traction, will also deliver for the 2024-2025 season.
Rickea Jackson played college basketball at Mississippi State and University of Tennessee where she was named first-team All-SEC in 2023 as a senior. As a freshman at Mississippi State in 2020, Jackson also earned a second-team All-SEC and received the Gillom Trophy as the top women’s college player in Mississippi. Jackson was selected by the Los Angeles Sparks as the number-four overall pick in the 2024 WNBA draft.
The Skechers team of elite athletes competing in the brand’s performance footwear includes NBA players Joel Embiid, Julius Randal and Terance Mann; elite footballers Harry Kane, Mohammed Kudus, Oleksandr Zinchenko and Anthony Elanga, as well as many others; golfers Matt Fitzpatrick and Brooke Henderson; pickleball pros Tyson McGuffin and Catherine Parenteau; and Major League Baseball players Clayton Kershaw, Chris Taylor, Brendan Donovan, Aaron Nola, and Wade Miley.
Skechers Basketball footwear is available at skechersbasketball.com and select Skechers retail stores in North America, as well as select retailers and Skechers stores in the Philippines and China, with a global roll out planned for August 2024. Basketball fans can get behind-the-scenes access to Skechers Basketball product launches and more by following @skechersbasketball on Instagram and TikTok.
About SKECHERS U.S.A., Inc.
Skechers (NYSE:SKX), The Comfort Technology Company® based in Southern California, designs, develops and markets a diverse range of lifestyle and performance footwear, apparel and accessories for men, women and children. The Company’s collections are available in 180 countries and territories through department and specialty stores, and direct to consumers through skechers.com and approximately 5,200 Skechers retail stores. A Fortune 500® company, Skechers manages its international business through a network of wholly-owned subsidiaries, joint venture partners, and distributors. For more information, please visit about.skechers.com and follow us on Facebook, Instagram and TikTok.
About Goodyear
Goodyear is one of the world’s largest tire companies. It employs about 72,000 people and manufactures its products in 57 facilities in 23 countries around the world. Its two Innovation Centers in Akron, Ohio, and Colmar-Berg, Luxembourg, strive to develop state-of-the-art products and services that set the technology and performance standard for the industry. For more information about Goodyear and its products, go to www.goodyear.com/corporate.
This announcement contains forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements may include, without limitation, Skechers’ future domestic and international growth, financial results and operations including expected net sales and earnings, its development of new products, future demand for its products, its planned domestic and international expansion, opening of new stores and additional expenditures, and advertising and marketing initiatives. Forward-looking statements can be identified by the use of forward-looking language such as “believe,” “anticipate,” “expect,” “estimate,” “intend,” “plan,” “project,” “will,” “could,” “may,” “might,” or any variations of such words with similar meanings. Any such statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected in forward-looking statements. Factors that might cause or contribute to such differences include the disruption of business and operations due to the COVID-19 pandemic; delays or disruptions in our supply chain; international economic, political and market conditions including the effects of inflation and foreign currency exchange rate fluctuations around the world, the challenging consumer retail markets in the United States, and the impact of wars, acts of war and other conflicts around the world; sustaining, managing and forecasting costs and proper inventory levels; losing any significant customers; decreased demand by industry retailers and cancellation of order commitments due to the lack of popularity of particular designs and/or categories of products; maintaining brand image and intense competition among sellers of footwear for consumers, especially in the highly competitive performance footwear market; anticipating, identifying, interpreting or forecasting changes in fashion trends, consumer demand for the products and the various market factors described above; sales levels during the spring, back-to-school and holiday selling seasons; and other factors referenced or incorporated by reference in Skechers’ annual report on Form 10-K for the year ended December 31, 2023 and its quarterly reports on Form 10-Q in 2024. Taking these and other risk factors associated with the COVID-19 pandemic into consideration, the dynamic nature of these circumstances means that what is stated in this press release could change at any time, and as a result, actual results could differ materially from those contemplated by such forward-looking statements. The risks included here are not exhaustive. Skechers operates in a very competitive and rapidly changing environment. New risks emerge from time to time and we cannot predict all such risk factors, nor can we assess the impact of all such risk factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. Given these risks and uncertainties, you should not place undue reliance on forward-looking statements as a prediction of actual results. Moreover, reported results should not be considered an indication of future performance.
Jennifer Clay
SKECHERS U.S.A., Inc.
[email protected]
Source: SKECHERS U.S.A., Inc.
by Zach | Jul 25, 2024 | Press Release
Jul 25, 2024 • 4:05 pm EDT
LOS ANGELES–(BUSINESS WIRE)–
Skechers U.S.A., Inc. (“Skechers” or the “Company”) (NYSE:SKX), The Comfort Technology CompanyTM and a global footwear leader, today announced financial results for the second quarter ended June 30, 2024.
Second Quarter Highlights
“Skechers achieved a new second quarter sales record of $2.16 billion driven by the strong demand for our diverse portfolio of comfortable and innovative footwear,” said David Weinberg, Chief Operating Officer of Skechers. “The growth resulted from sales increases of 9% in Direct-to-Consumer and 6% in Wholesale, as well as increases of 7% internationally and 8% domestically. We continued to achieve growth across all regions including 7% in the Americas; 14% in Europe, the Middle East and Africa; and 2% in Asia Pacific. International direct-to-consumer and domestic wholesale were particularly bright spots, increasing 15% and 14% respectively. These international increases are noteworthy given substantial headwinds from foreign currency, a lackluster 6-18 in China, and supply chain disruptions related to the Suez Canal crisis. That said, we are extremely encouraged by the demand for Skechers product as demonstrated in second half orders, which has led us to raise our full-year outlook for sales and earnings. As we look to the remainder of the year and beyond, we remain focused on enhancing our global infrastructure, managing inventory levels, and driving efficiencies to achieve profitable growth.”
“This quarter marked the 25th anniversary of our initial public offering. As we celebrated this event, we also achieved record second quarter sales and further solidified our position as the third largest athletic footwear company in the world by continuing to deliver comfortable, and innovative footwear worldwide,” began Robert Greenberg, Chief Executive Officer. “I couldn’t be prouder of the accomplishments of the entire Skechers organization and appreciative of our strong partnerships with our customers and growing roster of elite ambassadors, such as the recently signed Philadelphia 76ers basketball star Joel Embiid, as well as collaborations with distinguished brands such as John Deere. Team Skechers now includes numerous athletes competing on global stages, including Golden Boot winner, Euro Cup finalist and Captain of the England football team, Harry Kane; recently announced Skechers ambassador and 2022-2023 NBA most valuable player Joel Embiid, who is playing for the United States; British golfer Matt Fitzpatrick; Canadian golfer Brooke Henderson; Spanish race walker Diego Garcia and newly signed American beach volleyball players Andy Benesh and Miles Partain, who will be playing in Skechers branded uniforms. This diverse team of world class athletes and celebrities, including Martha Stewart and Snoop Dogg, drive awareness and purchase intent for Skechers. Our first commercial featuring Harry Kane aired during the second quarter, and we recently completed several new campaigns featuring him alongside former UK footballer and Skechers ambassador Jamie Redknapp and superstar Snoop Dogg, who will be a broadcast commentator in Paris. Additionally, our football footwear launched globally this month, Skechers x John Deere is launching next month, and basketball footwear will be released globally in August. We are committed to strategically delivering comfort footwear and apparel for all walks of life, supporting our vast offering with targeted marketing, and building our in-store presence globally.”
Second Quarter 2024 Financial Results
Three Months Ended June 30,
Change
(in millions, except per share data)
2024
2023
$
%
Sales
$
2,157.6
$
2,012.5
145.1
7.2
Gross profit
1,184.4
1,060.5
123.9
11.7
Gross margin
54.9
%
52.7
%
220 bps
Operating expenses
977.9
842.8
135.1
16.0
As a % of sales
45.3
%
41.9
%
340 bps
Earnings from operations
206.5
217.7
(11.2
)
(5.1
)
Operating margin
9.6
%
10.8
%
(120) bps
Net earnings attributable to Skechers U.S.A., Inc.
140.3
152.8
(12.5
)
(8.2
)
Diluted earnings per share
$
0.91
$
0.98
(0.07
)
(7.1
)
Second quarter sales increased 7.2% as a result of a 6.9% increase internationally and a 7.7% increase domestically. Direct-to-Consumer increased 9.2% and Wholesale increased 5.5%. On a constant currency basis, sales increased 8.7%.
Wholesale sales grew $59.1 million, or 5.5%, including increases in AMER of 10.3% and EMEA of 3.9%, partially offset by a decrease in APAC of 2.6%. Wholesale volume increased 6.4% and average selling price declined 0.8%.
Direct-to-Consumer sales grew $86.0 million, or 9.2%, including increases in EMEA of 40.6%, AMER of 4.1%, and APAC of 5.8%. Direct-to-Consumer volume increased 10.2% and average selling price decreased 1.0%.
Gross margin was 54.9%, an increase of 220 basis points, primarily due to lower costs per unit, driven by lower freight and favorable mix of Direct-to-Consumer volumes.
Operating expenses increased $135.1 million, or 16.0%, and as a percentage of sales increased 340 basis points to 45.3%. Selling expenses increased $48.8 million, or 26.1%, and as a percentage of sales increased 160 basis points to 10.9%. The increase was due to higher demand creation expenditures. General and administrative expenses increased $86.4 million, or 13.2%, and as a percentage of sales increased 180 basis points to 34.4%. Increased expenses were primarily driven by increased labor and facility costs, including rent and depreciation.
Earnings from operations decreased $11.2 million, or 5.1%, to $206.5 million.
Net earnings were $140.3 million and diluted earnings per share were $0.91 compared with prior year net earnings of $152.8 million and diluted earnings per share of $0.98.
In the second quarter, the Company’s effective income tax rate was 19.7%.
“In the face of significant operational and foreign exchange headwinds, Skechers delivered meaningful sales growth during the quarter, demonstrating the strength of our brand as the comfort technology leader,” stated John Vandemore, Chief Financial Officer of Skechers. “Demand for our innovative and diverse product portfolio remains robust, leading us to raise both sales and earnings expectations for the full year. We remain committed to and confident of achieving our long-term target of $10 billion in sales by 2026 and, with a new $1 billion share repurchase authorization, continuing to return cash to shareholders in a disciplined manner.”
Six Months 2024 Financial Results
Six Months Ended June 30,
Change
(in millions, except per share data)
2024
2023
$
%
Sales
$
4,409.2
$
4,014.4
394.8
9.8
Gross profit
2,366.1
2,039.1
327.0
16.0
Gross margin
53.7
%
50.8
%
290 bps
Operating expenses
1,860.7
1,597.8
262.9
16.5
As a % of sales
42.2
%
39.8
%
240 bps
Earnings from operations
505.3
441.3
64.0
14.5
Operating margin
11.5
%
11.0
%
50 bps
Net earnings attributable to Skechers U.S.A., Inc.
346.9
313.2
33.7
10.8
Diluted earnings per share
$
2.24
$
2.00
0.24
12.0
Year-to-date sales increased 9.8%, reflecting an 11.1% increase in international sales and a 7.8% increase domestically. Direct-to-Consumer increased 12.7% and Wholesale increased 7.9%. On a constant currency basis, sales increased 11.0%.
Wholesale sales increased $186.2 million, or 7.9%, due to increases in AMER of 8.0%, EMEA of 8.4%, and APAC of 6.7%. Wholesale volume increased 8.3% and average selling price declined 0.4%.
Direct-to-Consumer sales grew $208.6 million, or 12.7%, due to increases in EMEA of 48.3%, APAC of 10.7%, and AMER of 6.8%. Direct-to-Consumer volume increased 12.5% and average selling price increased 0.2%.
Gross margin was 53.7%, an increase of 290 basis points, due to lower costs per unit, driven by lower freight.
Operating expenses increased $262.9 million or 16.5%. As a percentage of sales, operating expenses increased 240 basis points to 42.2%. Selling expenses increased $76.7 million or 24.3%, primarily due to higher global demand creation expenditures. General and administrative expenses increased $186.3 million or 14.5%, primarily driven by labor and increased facility costs, including rent and depreciation.
Earnings from operations increased $64.0 million to $505.3 million, resulting in an operating margin of 11.5%.
Net earnings were $346.9 million and diluted earnings per share were $2.24, an increase of 12.0% over the prior year.
The Company’s effective income tax rate was 19.3%.
Balance Sheet
Cash, cash equivalents and investments totaled $1.55 billion, an increase of $161.4 million, or 11.6% from December 31, 2023, due to earnings and proceeds from borrowings of $63.9 million, partially offset by capital expenditures of $169.5 million and $120.0 million of share repurchases.
Inventory was $1.51 billion, a decrease of $10.9 million or 0.7% from December 31, 2023.
Share Repurchase
During the second quarter, the Company repurchased 0.9 million shares of its Class A common stock at a cost of $60.0 million.
On July 23, 2024, the Company’s Board of Directors authorized a share repurchase program effective July 25, 2024, pursuant to which the Company may, from time to time, purchase shares of its Class A common stock, for an aggregate repurchase price not to exceed $1.0 billion. The new share repurchase program expires on July 25, 2027, and does not obligate the Company to acquire any particular amount of shares. The new share repurchase program replaces the previous share repurchase program authorized in 2022.
Outlook
For the third quarter of 2024, the Company believes it will achieve sales between $2.30 and $2.35 billion and diluted earnings per share of between $1.10 and $1.15. Further, the Company believes that for the fiscal year 2024, it will achieve sales between $8.875 and $8.975 billion and diluted earnings per share of between $4.08 and $4.18.
Store Count
Number of Stores
December 31, 2023
Opened
Closed
June 30, 2024
Domestic stores
563
25
(12
)
576
International stores
1,085
98
(57
)
1,126
Distributor, licensee and franchise stores
3,520
194
(149
)
3,565
Total Skechers stores
5,168
317
(218
)
5,267
Second Quarter 2024 Conference Call
The Company will host a conference call at 4:30 p.m. ET / 1:30 p.m. PT on July 25, 2024 to discuss its second quarter 2024 financial results. The call can be accessed on the Investor Relations section of the Company’s website at investors.skechers.com. For those unable to participate during the live broadcast, a replay will be available beginning July 25, 2024, at 7:30 p.m. ET, through August 8, 2024, at 11:59 p.m. ET. To access the replay, dial 844-512-2921 (U.S.) or 412-317-6671 (International) and use passcode: 13747211.
About Skechers U.S.A., Inc.
Skechers, The Comfort Technology Company® based in Southern California, designs, develops and markets a diverse range of lifestyle and performance footwear, apparel and accessories for men, women and children. The Company’s collections are available in 180 countries and territories through department and specialty stores, and direct to consumers through skechers.com, other digital stores and approximately 5,200 Skechers retail stores. A Fortune 500® company, Skechers manages its international business through a network of wholly-owned subsidiaries, joint venture partners, and distributors. For more information, please visit about.skechers.com and follow us on Facebook, Instagram and TikTok.
Reference in this press release to “Sales” refers to Skechers’ net sales reported under GAAP. This announcement contains forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements may include, without limitation, Skechers’ future domestic and international growth, financial results and operations including expected net sales and earnings, its development of new products, future demand for its products, its planned domestic and international expansion, opening of new stores and additional expenditures, and advertising and marketing initiatives. Forward-looking statements can be identified by the use of forward-looking language such as “believe,” “anticipate,” “expect,” “estimate,” “intend,” “plan,” “project,” “will,” “could,” “may,” “might,” or any variations of such words with similar meanings. Any such statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected in forward-looking statements. Factors that might cause or contribute to such differences include the disruption of business and operations due to` delays or disruptions in our supply chain; international economic, political and market conditions including the effects of inflation and foreign currency exchange rate fluctuations around the world, the challenging consumer retail markets in the United States and the impact of wars, acts of war and other conflicts around the world; sustaining, managing and forecasting costs and proper inventory levels; losing any significant customers; decreased demand by industry retailers and cancellation of order commitments due to the lack of popularity of particular designs and/or categories of products; maintaining brand image and intense competition among sellers of footwear for consumers, especially in the highly competitive performance footwear market; anticipating, identifying, interpreting or forecasting changes in fashion trends, consumer demand for the products and the various market factors described above; sales levels during the spring, back-to-school and holiday selling seasons; and other factors referenced or incorporated by reference in Skechers’ annual report on Form 10-K for the year ended December 31, 2023 and its quarterly reports on Form 10-Q in 2024. Taking these and other risk factors, the dynamic nature of these circumstances means that what is stated in this press release could change at any time, and as a result, actual results could differ materially from those contemplated by such forward-looking statements. The risks included here are not exhaustive. Skechers operates in a very competitive and rapidly changing environment. New risks emerge from time to time and we cannot predict all such risk factors, nor can we assess the impact of all such risk factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. Given these risks and uncertainties, you should not place undue reliance on forward-looking statements as a prediction of actual results. Moreover, reported results should not be considered an indication of future performance.
SKECHERS U.S.A., INC. AND SUBSIDIARIES
Condensed Consolidated Balance Sheets
(Unaudited)
As of
As of
(in thousands)
June 30, 2024
December 31, 2023
ASSETS
Current assets
Cash and cash equivalents
$
1,280,430
$
1,189,910
Short-term investments
130,111
72,595
Trade accounts receivable, net
1,027,231
860,300
Other receivables
77,921
82,253
Inventory
1,514,512
1,525,409
Prepaid expenses and other
223,819
222,137
Total current assets
4,254,024
3,952,604
Property, plant and equipment, net
1,587,433
1,506,690
Operating lease right-of-use assets
1,327,795
1,276,171
Deferred tax assets
435,404
450,574
Long-term investments
137,379
123,996
Goodwill
101,230
101,230
Other assets, net
131,686
136,086
Total non-current assets
3,720,927
3,594,747
TOTAL ASSETS
$
7,974,951
$
7,547,351
LIABILITIES, REDEEMABLE NONCONTROLLING INTEREST AND STOCKHOLDERS’ EQUITY
Current liabilities
Accounts payable
$
1,176,668
$
1,008,001
Accrued expenses
305,144
320,105
Operating lease liabilities
286,535
274,296
Current installments of long-term borrowings
292,891
46,571
Short-term borrowings
—
11,894
Total current liabilities
2,061,238
1,660,867
Long-term operating lease liabilities
1,145,090
1,108,110
Long-term borrowings
45,702
242,944
Deferred tax liabilities
11,666
12,594
Other long-term liabilities
104,107
122,794
Total non-current liabilities
1,306,565
1,486,442
Total liabilities
3,367,803
3,147,309
Redeemable noncontrolling interest
93,576
89,832
Stockholders’ equity
Preferred Stock
—
—
Class A Common Stock
132
133
Class B Common Stock
20
20
Additional paid-in capital
178,148
295,847
Accumulated other comprehensive loss
(100,670
)
(73,388
)
Retained earnings
4,143,654
3,796,730
Skechers U.S.A., Inc. equity
4,221,284
4,019,342
Noncontrolling interests
292,288
290,868
Total stockholders’ equity
4,513,572
4,310,210
TOTAL LIABILITIES, REDEEMABLE NONCONTROLLING INTEREST AND STOCKHOLDERS’ EQUITY
$
7,974,951
$
7,547,351
SKECHERS U.S.A., INC. AND SUBSIDIARIES
Condensed Consolidated Statements of Earnings
(Unaudited)
Three Months Ended June 30,
Six Months Ended June 30,
(in thousands, except per share data)
2024
2023
2024
2023
Sales
$
2,157,643
$
2,012,516
$
4,409,230
$
4,014,444
Cost of sales
973,206
951,992
2,043,159
1,975,341
Gross profit
1,184,437
1,060,524
2,366,071
2,039,103
Operating expenses
Selling
235,870
187,118
392,371
315,678
General and administrative
742,036
655,673
1,468,371
1,282,115
Total operating expenses
977,906
842,791
1,860,742
1,597,793
Earnings from operations
206,531
217,733
505,329
441,310
Other (expense) income
(1,652
)
2,792
(3,702
)
12,715
Earnings before income taxes
204,879
220,525
501,627
454,025
Income tax expense
40,355
38,942
96,725
82,158
Net earnings
164,524
181,583
404,902
371,867
Less: Net earnings attributable to noncontrolling interests and redeemable noncontrolling interest
24,222
28,824
57,978
58,665
Net earnings attributable to Skechers U.S.A., Inc.
$
140,302
$
152,759
$
346,924
$
313,202
Net earnings per share attributable to Skechers U.S.A., Inc.
Basic
$
0.92
$
0.99
$
2.27
$
2.02
Diluted
$
0.91
$
0.98
$
2.24
$
2.00
Weighted-average shares used in calculating net earnings per share attributable to Skechers U.S.A., Inc.
Basic
152,503
154,970
152,707
155,055
Diluted
154,176
156,571
154,640
156,654
SKECHERS U.S.A., INC. AND SUBSIDIARIES
Supplemental Financial Information
(Unaudited)
Segment Information
Three Months Ended June 30,
Change
(in millions)
2024
2023
$
%
Wholesale sales
$
1,132.1
$
1,073.0
59.1
5.5
Gross profit
496.9
431.5
65.4
15.2
Gross margin
43.9
%
40.2
%
370 bps
Direct-to-Consumer sales
$
1,025.5
$
939.5
86.0
9.2
Gross profit
687.5
629.0
58.5
9.3
Gross margin
67.0
%
66.9
%
10 bps
Total sales
$
2,157.6
$
2,012.5
145.1
7.2
Gross profit
1,184.4
1,060.5
123.9
11.7
Gross margin
54.9
%
52.7
%
220 bps
Six Months Ended June 30,
Change
(in millions)
2024
2023
$
%
Wholesale sales
$
2,553.8
$
2,367.6
186.2
7.9
Gross profit
1,133.1
943.5
189.6
20.1
Gross margin
44.4
%
39.9
%
450 bps
Direct-to-Consumer sales
$
1,855.4
$
1,646.8
208.6
12.7
Gross profit
1,233.0
1,095.6
137.4
12.6
Gross margin
66.5
%
66.5
%
(10) bps
Total sales
$
4,409.2
$
4,014.4
394.8
9.8
Gross profit
2,366.1
2,039.1
327.0
16.0
Gross margin
53.7
%
50.8
%
290 bps
Additional Sales Information
Three Months Ended June 30,
Change
(in millions)
2024
2023
$
%
Geographic sales
Domestic
Wholesale
$
446.9
$
390.8
56.1
14.4
Direct-to-Consumer
416.9
411.1
5.8
1.4
Total domestic sales
863.8
801.9
61.9
7.7
International
Wholesale
685.2
682.2
3.0
0.4
Direct-to-Consumer
608.6
528.4
80.2
15.2
Total international sales
1,293.8
1,210.6
83.2
6.9
Total sales
$
2,157.6
$
2,012.5
145.1
7.2
Regional sales
Americas (AMER)
$
1,100.9
$
1,027.0
73.9
7.2
Europe, Middle East & Africa (EMEA)
492.5
433.3
59.2
13.7
Asia Pacific (APAC)
564.2
552.2
12.0
2.2
Total sales
$
2,157.6
$
2,012.5
145.1
7.2
China sales
$
312.7
$
302.4
10.3
3.4
Distributor sales
$
112.8
$
99.8
13.0
13.0
Six Months Ended June 30,
Change
(in millions)
2024
2023
$
%
Geographic sales
Domestic
Wholesale
$
922.9
$
832.7
90.2
10.8
Direct-to-Consumer
739.7
710.0
29.7
4.2
Total domestic sales
1,662.6
1,542.7
119.9
7.8
International
Wholesale
1,630.9
1,534.9
96.0
6.3
Direct-to-Consumer
1,115.7
936.8
178.9
19.1
Total international sales
2,746.6
2,471.7
274.9
11.1
Total sales
$
4,409.2
$
4,014.4
394.8
9.8
Regional sales
Americas (AMER)
$
2,120.4
$
1,972.9
147.5
7.5
Europe, Middle East & Africa (EMEA)
1,120.2
967.8
152.4
15.7
Asia Pacific (APAC)
1,168.6
1,073.7
94.9
8.8
Total sales
$
4,409.2
$
4,014.4
394.8
9.8
China sales
$
632.3
$
584.4
47.9
8.2
Distributor sales
$
238.7
$
203.8
34.9
17.2
SKECHERS U.S.A., INC. AND SUBSIDIARIES
Reconciliation of GAAP Earnings Financial Measures to Corresponding Non-GAAP Financial Measures
(Unaudited)
Constant Currency Adjustment (Non-GAAP Financial Measure)
We evaluate our results of operations on both an as reported and a constant currency basis. The constant currency presentation, which is a non-GAAP measure, excludes the impact of period-over-period fluctuations in foreign currency exchange rates. We believe providing constant currency information provides valuable supplemental information regarding our results of operations, thereby facilitating period-to-period comparisons of our business performance and is consistent with how management evaluates the Company’s performance. We calculate constant currency percentages by converting our current period local currency financial results using the prior-period exchange rates and comparing these adjusted amounts to our prior period reported results.
Three Months Ended June 30,
2024
2023
Change
(in millions, except per share data)
Reported GAAP Measure
Constant Currency Adjustment
Adjusted for Non-GAAP Measures
Reported GAAP Measure
$
%
Sales
$
2,157.6
$
29.3
$
2,186.9
$
2,012.5
174.4
8.7
Cost of sales
973.2
11.3
984.5
952.0
32.5
3.4
Gross profit
1,184.4
18.0
1,202.4
1,060.5
141.9
13.4
Operating expenses
977.9
12.8
990.7
842.8
147.9
17.5
Earnings from operations
206.5
5.2
211.7
217.7
(6.0
)
(2.8
)
Other (expense) income
(1.6
)
6.0
4.4
2.8
1.6
57.1
Income tax expense
40.4
0.7
41.1
38.9
2.2
5.6
Less: Noncontrolling interests and redeemable noncontrolling interest
24.2
0.7
24.9
28.8
(3.9
)
(13.7
)
Net earnings attributable to Skechers U.S.A., Inc.
$
140.3
$
9.8
$
150.1
$
152.8
(2.7
)
(1.8
)
Diluted earnings per share
$
0.91
$
0.06
$
0.97
$
0.98
(0.01
)
(1.0
)
Six Months Ended June 30,
2024
2023
Change
(in millions, except per share data)
Reported GAAP Measure
Constant Currency Adjustment
Adjusted for Non-GAAP Measures
Reported GAAP Measure
$
%
Sales
$
4,409.2
$
47.6
$
4,456.8
$
4,014.4
442.4
11.0
Cost of sales
2,043.1
18.4
2,061.5
1,975.3
86.2
4.4
Gross profit
2,366.1
29.2
2,395.3
2,039.1
356.2
17.5
Operating expenses
1,860.7
21.5
1,882.2
1,597.8
284.4
17.8
Earnings from operations
505.3
7.8
513.1
441.3
71.8
16.3
Other (expense) income
(3.7
)
10.4
6.7
12.8
(6.1
)
(47.7
)
Income tax expense
96.7
1.4
98.1
82.2
15.9
19.4
Less: Noncontrolling interests and redeemable noncontrolling interest
58.0
1.7
59.7
58.7
1.0
1.7
Net earnings attributable to Skechers U.S.A., Inc.
$
346.9
$
15.1
$
362.0
$
313.2
48.8
15.6
Diluted earnings per share
$
2.24
$
0.10
$
2.34
$
2.00
0.34
17.0
Investor Relations
Sonia Reback
Eunice Han
[email protected]
Press
Jennifer Clay
[email protected]
Source: Skechers U.S.A., Inc.