Skechers reports record Q3 sales

The company has over 5,000 branded stores located around the world.

Shares for Skechers USA saw an increase of nearly 10 per cent following the California-based footwear company’s announcement of record third-quarter earnings. Q3 sales totalled USD 2.35 billion, which represents a 15.9 per cent increase from the amount reported in the same period of 2023.

These figures logged for 2024 were at the very top of Skechers’ expectations for the quarter. The company had earlier stated that it anticipated sales of between USD 2.3 billion and USD 2.35 billion. Net earnings were USD 193.2 million, compared with the previous year’s Q3 net total of USD 145.4 million.

Publishing Data

This article was originally published on page 2 of the November 2024 issue of SATRA Bulletin.

Other articles from this issue »

---