** charts before earnings **
** charts after earnings **
Estimates: EPS to fall 8% to 44 cents despite a 10% revenue jump to $966 million.
Results: EPS of 38 cents on net sales of $1.03 billion.
Skechers USA misses by $0.06, beats on revs; guides Q3 EPS below consensus, revs in-line :
- Reports Q2 (Jun) earnings of $0.38 per share, $0.06 worse than the Capital IQ Consensus of $0.44; revenues rose 16.9% year/year to $1.03 bln vs the $966.5 mln Capital IQ Consensus and vs prior guidance of $950-975 mln.
- Co issues guidance for Q3, sees EPS of $0.42-0.47 vs. $0.56 Capital IQ Consensus Estimate; sees Q3 revs of $1.050-1.075 bln vs. $1.059 bln Capital IQ Consensus Estimate.
- "Investing in our brand and business is critical for both our short-term and long-term growth initiatives...Given the increases in our international business, which for the first six months represented 48 percent of our total business, we believe the greatest opportunity for expansion is internationally, and we are investing in our infrastructure and marketing to support this progress."
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