$SKX | Skechers Q3'24 Earnings Highlights

🔹 Revenue: $2.35B (Est. $2.31B) 🟢; UP +15.9% YoY

🔹 EPS: $1.20 (Est. $1.16) 🟢

Raised FY 2024:

🔹 Revenue: $8.925B-$8.975B (Est. $8.93B) 🟢

🔹 EPS: $4.20-$4.25 (Est. $4.17) 🟢

Q4 Guidance:

🔹 Revenue: $2.165B-$2.215B (Est. $2.22B) 😕

🔹 EPS: $0.70-$0.75 (Est. $0.76)😕

Segment & Regional Performance:

🔸 Wholesale Revenue: UP +20.6% YoY (Volume up +21.2%)

🔹 EMEA: UP +30.9%

🔹 Americas: UP +21.6%

🔹 Asia Pacific: UP +5.1%

🔸 Direct-to-Consumer (DTC) Revenue: UP +9.6% YoY

🔹 EMEA: UP +28.0%

🔹 PAC: UP +10.0%

🔹 Americas: UP +5.0%

🔹 International Revenue: UP +16% YoY

🔹 Domestic Revenue: UP +15% YoY

Key Metrics:

🔹 Net Income: $193.2M (vs. $145.4M YoY) 

🔹 Gross Profit: $1.22B; UP +14.1% YoY

🔹 Gross Margin: 52.1% (DOWN 80 bps)

🔹 Operating Income: $233.4M; UP +9.5% YoY

🔹 Operating Margin: 9.9% (DOWN 60 bps)