** charts before earnings **
** charts after earnings **
Skechers USA reports EPS in-line, beats on revs; comfortable with Q1 consensus estimates :
- Reports Q4 (Dec) earnings of $0.20 per share, ex-$0.01 in higher tax expense, in-line with the Capital IQ Consensus of $0.20; revenues rose 26.9% year/year to $722.7 mln vs the $693.48 mln Capital IQ Consensus.
- "As we look at the coming year, we believe our Company-owned retail stores are on target with mid- to high-single digit retail comps in January and we are continuing to gain market share. We have had a very strong start to the first quarter with January sales up approximately 35 percent compared to January 2015 as well as a strong first week of February. Our backlogs are up 9.5 percent at December 31, 2015, which were impacted by some distributors pulling forward orders from January to December. During the fourth quarter, our distributor sales increased 91.6 percent as compared to the same period last year. Additionally, our incoming order rate in January was also very strong with both our domestic wholesale and European subsidiary businesses ordering closer to season, which is resulting in increasingly improved backlogs for the first quarter
- "We remain comfortable with the majority of the analysts' current consensus range of $885 million to $920 million in net sales and $0.50 to $0.55 in earnings per share for the first quarter."
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