=Skechers USA (SKX) reported earnings on Thur 19 Apr 2018 (a/h)

Skechers USA beats by $0.01, beats on revs; guides Q2 EPS and revs below consensus; retail comps +9.5%; shift in shipments from Q2 to the back half of the year 

• Reports Q1 (Mar) earnings of $0.75 per share, $0.01 better than the Capital IQ Consensus of $0.74; revenues rose 16.5% year/year to $1.25 bln vs the $1.20 bln Capital IQ Consensus.
  • Company-owned same store comps were +9.5% in Q1.
• Co issues downside guidance for Q2, sees EPS of $0.38-0.43 vs. $0.54 Capital IQ Consensus Estimate; sees Q2 revs of $1.120-1.145 bln vs. $1.16 bln Capital IQ Consensus Estimate.
  • The revenue guidance includes an expected shift in shipments from Q2 to the back half of the year for several key international distributors and domestic accounts.