Skechers U.S.A., Inc. announced record third-quarter sales of $2.35 billion for the period ended September 30, 2024, marking a 15.9% increase compared to the same period in the prior year. This growth was driven by a 20.6% increase in Wholesale sales and a 9.6% increase in Direct-to-Consumer sales, demonstrating broad-based demand across channels.
International sales increased by 16.4%, with EMEA growing 30% and the Americas increasing 14%, reflecting strong performance in the United States and Canada. Diluted earnings per share for the quarter were $1.26, a 35.5% increase from $0.93 in the prior year, with net earnings reaching $193.2 million.
The company also raised its full-year 2024 sales guidance to between $8.925 billion and $8.975 billion, and diluted earnings per share to between $4.20 and $4.25. This updated outlook reflects confidence in continued global demand and the appeal of Skechers' comfort technology products.
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