07-31-2017, 02:35 PM
Net sales jumped 16.9% to a record $1.03 billion. The business was strong across every segment. Domestic wholesale revenues rose 6.4% (versus flat in Q1). International wholesale revenues rose 18.6% (versus 16.8% in Q1). Company-owned store revenues rose 28% (versus 12.8% in Q1), driven by a 7.1% increase in comps (versus 2.9% in Q1). Sales growth really accelerated everywhere, but it was driven by higher spend. The selling expense rate rose in the quarter. So did the G&A rate. All in all, EPS actually fell year-over-year despite the 17% increase in sales.
Skechers Looks Good Into 2018 - Skechers USA Inc. (NYSE:SKX) | Seeking Alpha