Skechers USA beats by $0.07, misses on revs; guides Q4 EPS above consensus, revs above consensus
- Reports Q3 (Sep) earnings of $0.58 per share, $0.07 better than the S&P Capital IQ Consensus of $0.51; revenues rose 7.5% year/year to $1.18 bln vs the $1.22 bln S&P Capital IQ Consensus.
- Q3 same store comps at company-owned retail stores worldwide increased +1.9%, including an increase of +3.0% in the US offset by a decrease of- 0.8% in its international stores.
- Co issues upside guidance for Q4, sees EPS of $0.20-0.25 vs. $0.18 S&P Capital IQ Consensus; sees Q4 revs of $1.100-1.125 bln vs. $1.08 bln S&P Capital IQ Consensus.
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