NYSE$SKX
Skechers USA Inc · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Skechers achieved record sales and EPS decreased compared to the same quarter last year.
Skechers reported record quarterly sales of $1.87 billion, a 12.4% increase year-over-year. However, diluted earnings per share decreased to $0.58, a 34.1% decrease compared to the prior year. The growth was driven by increases in both domestic and international businesses, with wholesale and direct-to-consumer segments contributing.
- Record quarterly sales of $1.87 billion, a 12.4% increase year-over-year.
- Wholesale sales grew by 18.3%.
- Direct-to-Consumer sales grew by 4.3%.
- Diluted earnings per share were $0.58.
Headline financials
Revenue & EPS history
Skechers · Revenue · Quarterly
$1.87B
Revenue by segment
Skechers · $1.87B total across 2 segments · Q2 2022
- Wholesale$1.14B—61.1%
- Direct-to-Consumer$728M+43.2%38.9%
Forward guidance
For the third quarter of 2022, Skechers expects sales between $1.80 billion and $1.85 billion and diluted earnings per share between $0.70 and $0.75. For the full fiscal year 2022, the company anticipates sales between $7.2 billion and $7.4 billion and diluted earnings per share between $2.60 and $2.70.
Tailwinds
- Expected sales between $1.80 billion and $1.85 billion for Q3 2022.
- Projected diluted earnings per share between $0.70 and $0.75 for Q3 2022.
- Anticipated sales between $7.2 billion and $7.4 billion for fiscal year 2022.
- Forecasted diluted earnings per share between $2.60 and $2.70 for fiscal year 2022.
- Company believes that comfort technology footwear, impactful marketing and the strength of the brand will drive continued sales growth in the back half of the year.
Headwinds
- Macroeconomic headwinds
- Supply chain issues
- COVID-related restrictions in China
- Unfavorable impact of $0.11 due to declines in foreign exchange rates, primarily in EMEA.
- Challenges across the globe
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 15 quarterly earnings reports · overlaid with Q2 2022
+0.6%
Avg return
Earnings day
-0.6%
Avg return
5 days after
+2.2%
Avg return
30 days after
48%
30 / 63 earnings
Positive
+35.5%
Q3 2017
Best reaction
-30.8%
Q3 2015
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2025 | — | — | — | |
| Q2 2025 | -0.1% | +0.1% | +0.5% | |
| Q1 2025 | -5.3% | -4.9% | +22.5% | |
| Q4 2024 | -12.7% | -16.8% | -22.1% | |
| Q3 2024 | -4.0% | -0.5% | -0.1% | |
| Q2 2024 | +1.1% | +0.4% | +8.9% | |
| Q1 2024 | +10.6% | +11.7% | +14.0% | |
| Q4 2023 | -8.6% | -7.6% | -0.2% | |
| Q3 2023 | -3.9% | +0.6% | +16.9% | |
| Q2 2023 | +6.3% | +5.2% | -8.3% | |
| Q1 2023 | +6.3% | +5.9% | +2.0% | |
| Q4 2022 | -9.2% | -8.5% | -6.7% | |
| Q3 2022 | -6.5% | -3.9% | +15.6% | |
| Q2 2022 | -4.0% | +0.2% | +4.7% | |
| Q1 2022 | +0.1% | -2.4% | -4.0% | |
| Q4 2021 | +4.6% | +9.0% | -11.8% | |
| Q3 2021 | +3.1% | +1.5% | +2.9% | |
| Q2 2021 | +7.9% | — | — | |
| Q1 2021 | +17.5% | — | — | |
| Q4 2020 | +4.1% | — | — | |
| Q3 2020 | -5.1% | — | — | |
| Q2 2020 | -1.8% | — | — | |
| Q1 2020 | +2.4% | — | — | |
| Q4 2019 | +3.6% | — | — | |
| Q3 2019 | -2.1% | — | — | |
| Q2 2019 | +13.3% | — | — | |
| Q1 2019 | -15.6% | — | — | |
| Q4 2018 | +15.3% | — | — | |
| Q3 2018 | +11.4% | — | — | |
| Q2 2018 | -19.5% | — | — | |
| Q1 2018 | -27.3% | — | — | |
| Q4 2017 | +0.2% | — | — | |
| Q3 2017 | +35.5% | — | — | |
| Q2 2017 | -0.2% | — | — | |
| Q1 2017 | -1.7% | — | — | |
| Q4 2016 | +23.2% | — | — | |
| Q3 2016 | -17.2% | — | — | |
| Q2 2016 | -22.6% | — | — | |
| Q1 2016 | +9.0% | — | — | |
| Q4 2015 | +5.1% | — | — | |
| Q3 2015 | -30.8% | — | — | |
| Q2 2015 | +19.6% | — | — | |
| Q1 2015 | +16.1% | — | — | |
| Q4 2014 | +12.1% | — | — | |
| Q3 2014 | -6.5% | — | — | |
| Q2 2014 | +8.1% | — | — | |
| Q1 2014 | +7.3% | — | — | |
| Q4 2013 | +19.0% | — | — | |
| Q3 2013 | -2.7% | — | — | |
| Q2 2013 | +1.8% | — | — | |
| Q1 2013 | -4.1% | — | — | |
| Q4 2012 | +13.1% | — | — | |
| Q3 2012 | +0.3% | — | — | |
| Q2 2012 | +3.1% | — | — | |
| Q1 2012 | -2.0% | — | — | |
| Q4 2009 | -2.2% | — | — | |
| Q2 2011 | -2.2% | — | — | |
| Q4 2011 | -2.2% | — | — | |
| Q3 2011 | -6.1% | — | — | |
| Q3 2010 | -6.1% | — | — | |
| Q2 2010 | -2.3% | — | — | |
| Q4 2010 | -2.3% | — | — | |
| Q1 2010 | -2.3% | — | — | |
| Q1 2011 | -2.3% | — | — |
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