[Show all top banners]

traax

More by traax
What people are reading
Subscribers
:: Subscribe
Back to: Kurakani General Refresh page to view new replies
 $skx (sketchers)....in 18/24 months
[VIEWED 1192 TIMES]
SAVE! for ease of future access.
Posted on 12-09-18 5:06 PM     Reply [Subscribe]
Login in to Rate this Post:     0       ?    
 

Sketchers gave good guidance for the rest of the year... SG&A expenses were dow 50 bps to 7.7% of sales. Total international wholesale sales rose 11.8%.Gross margin rose 40 bps to 49.5% of sales. Operating margin fell 10 bps to 10.5% of sales.
Looking ahead, Skechers sees Q4 revenue of $1.10B to $1.125B vs. $1.08B consensus and EPS of $0.20 to $0.25 vs $0.18 consensus.

“Achieving record third quarter sales is a notable accomplishment given the strength of our third quarter 2017 sales,” began Robert Greenberg, Skechers chief executive officer. “Both our domestic and international businesses grew, and we remained the leader in walking, work, casual lifestyle and sandals footwear in the United States.

https://seekingalpha.com/pr/17305674-skechers-achieves-record-third-quarter-2018-sales

“As we near the close of 2018, we believe the direction of our business is on target with our record sales in the third quarter, continued international growth and strong gross margins,” stated David Weinberg, chief operating officer of Skechers. “With three record sales quarters in 2018 and brand acceptance around the globe, we achieved a new record for the first nine months of $3.56 billion, an 11.5 percent increase over last year. In the third quarter, our international distributor business returned to growth, increasing 11.6 percent over the same period last year, and combined with our international joint venture and subsidiary business, our total international wholesale sales increased 11.8 percent for the period. International wholesale along with international retail now represents 55.5 percent of our total business. We expect our business in the United States—both wholesale and retail—to grow in the fourth quarter. We remain committed to efficiently and profitably growing our global footwear business.”




 


Please Log in! to be able to reply! If you don't have a login, please register here.

YOU CAN ALSO



IN ORDER TO POST!




Within last 7 days
Recommended Popular Threads Controvertial Threads
TPS Re-registration case still pending ..
ढ्याउ गर्दा दसैँको खसी गनाउच
जाडो, बा र म……
NOTE: The opinions here represent the opinions of the individual posters, and not of Sajha.com. It is not possible for sajha.com to monitor all the postings, since sajha.com merely seeks to provide a cyber location for discussing ideas and concerns related to Nepal and the Nepalis. Please send an email to admin@sajha.com using a valid email address if you want any posting to be considered for deletion. Your request will be handled on a one to one basis. Sajha.com is a service please don't abuse it. - Thanks.

Sajha.com Privacy Policy

Like us in Facebook!

↑ Back to Top
free counters