Skechers USA Inc ( (SKX) ) has released its Q1 earnings. Here is a breakdown of the information Skechers USA Inc presented to its investors.
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Skechers U.S.A., Inc., a leading global footwear company known for its comfort technology, designs and markets a wide range of lifestyle and performance products for men, women, and children. In its first quarter of 2025, Skechers reported record sales of $2.41 billion, marking a 7.1% increase from the previous year, driven by strong demand across both wholesale and direct-to-consumer segments. The company saw significant growth in the EMEA region and the Americas, although sales in the APAC region declined, primarily due to a decrease in China. Despite the sales growth, the company’s earnings from operations decreased by 11.3% to $265.1 million, and net earnings slightly declined to $202.4 million, with diluted earnings per share at $1.34. Operating expenses rose by 12.1%, impacting the overall profitability. Skechers remains optimistic about its growth prospects, particularly in China, and continues to invest in product innovation and marketing to support its global expansion. The company is cautious about the macroeconomic environment and has withdrawn its annual 2025 financial guidance due to ongoing uncertainties.