Skechers U.S.A., Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
October 25, 2022 at 04:05 pm EDT
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Skechers U.S.A., Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was USD 1,878.37 million compared to USD 1,558.48 million a year ago. Net income was USD 85.89 million compared to USD 103.14 million a year ago. Basic earnings per share from continuing operations was USD 0.55 compared to USD 0.66 a year ago. Diluted earnings per share from continuing operations was USD 0.55 compared to USD 0.66 a year ago.
For the nine months, sales was USD 5,565.77 million compared to USD 4,654.8 million a year ago. Net income was USD 297.51 million compared to USD 339.08 million a year ago. Basic earnings per share from continuing operations was USD 1.91 compared to USD 2.18 a year ago. Diluted earnings per share from continuing operations was USD 1.9 compared to USD 2.17 a year ago.
Skechers U.S.A., Inc. designs, develops, and markets a diverse range of footwear, apparel, and accessories. The Company offers footwear, apparel, and accessories for men, women, and kids. The Company operates through two segments: Wholesale and Direct-to-Consumer. Wholesale segment is comprised of sales to a network of partners including Skechers-branded stores operated by third-party franchisees and licensees, family shoe stores, specialty athletic and sporting goods retailers, department stores and big box club stores, and Distributors in select international markets. Direct-to-Consumer segment comprises sales by the Company directly to consumers through a combination of channels including company owned Skechers-branded stores, company owned e-commerce sites, and third-party marketplaces and digital platforms. Its lifestyle offering delivers comfort technologies such as Skechers Hands Free Slip-ins, Skechers Arch Fit, and Skechers Air-Cooled Memory Foam, among others.
SKECHERS U.S.A., INC. 
