NYSE$SKX
Skechers USA Inc · Q4 2024 earnings
Q4 2024 earnings · · After market close · Investor relations
Briefing
Skechers reported record annual sales of $8.97 billion and strong fourth quarter results, driven by growth in both wholesale and direct-to-consumer channels.
Skechers announced record full year sales of $8.97 billion in 2024, a 12.1% increase year-over-year. Fourth quarter sales reached $2.21 billion, up 12.8%, with diluted earnings per share of $0.65, a 16.1% increase.
- Full year 2024 sales reached a record $8.97 billion, increasing 12.1% year-over-year.
- Fourth quarter 2024 sales were $2.21 billion, up 12.8% from the prior year.
- Diluted earnings per share for the fourth quarter increased 16.1% to $0.65.
- Wholesale sales grew 17.5% and Direct-to-Consumer sales grew 8.4% in the fourth quarter.
Headline financials
Revenue & EPS history
Skechers · Revenue · Quarterly
$2.21B
Revenue by segment
Skechers · $2.03B total across 2 segments · Q3 2023
- Wholesale$1.17B-1.4%58.0%
- Direct-to-Consumer$850M+23.8%42.0%
Forward guidance
For fiscal year 2025, Skechers expects sales between $9.70 billion and $9.80 billion, with diluted earnings per share between $4.30 and $4.50. First quarter 2025 sales are projected to be between $2.40 billion and $2.43 billion, with diluted earnings per share between $1.10 and $1.15.
Tailwinds
- Anticipated sales growth for fiscal year 2025, with a range of $9.70 billion to $9.80 billion.
- Projected increase in diluted earnings per share for fiscal year 2025, ranging from $4.30 to $4.50.
- Expected strong first quarter 2025 sales between $2.40 billion and $2.43 billion.
- Projected first quarter 2025 diluted earnings per share between $1.10 and $1.15.
- Continued investment in expanding distribution centers in the U.S. and China for future growth.
Headwinds
- The income tax rate for fiscal year 2025 is expected to be higher, between 22% and 23%, reflecting the impact of global minimum tax regulations.
- Total capital expenditures are projected to be between $600 million and $700 million in 2025, which is a significant outlay.
- The guidance is subject to risks and uncertainties that could cause actual results to differ materially.
- The company operates in a very competitive and rapidly changing environment.
- Potential for business disruptions due to supply chain issues, international economic/political conditions, and market fluctuations.
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 Q4 2024
+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% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro