Skechers USA (SKX) reported earnings on Thur 22 April 21 (a/h)

•  4/21: #4; vol. 2.3M   +16%

 

 

 

 

 

 

 

 

 

Skechers USA beats by $0.22, beats on revs; guides Q2 EPS above consensus, revs above consensus; guides FY21 EPS in-line, revs above consensus

Reports Q1 (Mar) earnings of $0.68 per share, excluding non-recurring items, $0.22 better than the S&P Capital IQ Consensus of $0.46; revenues rose 15.0% year/year to $1.43 bln vs the $1.33 bln S&P Capital IQ Consensus.

• International Wholesale sales grew 23.8%.
• Direct-to-Consumer sales grew 18.1%.

Co issues upside guidance for Q2, sees EPS of $0.40-0.50, excluding non-recurring items, vs. $0.30 S&P Capital IQ Consensus; sees Q2 revs of $1.45-1.50 bln vs. $1.22 bln S&P Capital IQ Consensus.

Co issues guidance for FY21, sees EPS of $1.80-2.00, excluding non-recurring items, vs. $1.92 S&P Capital IQ Consensus; sees FY21 revs of $5.8-5.9 bln vs. $5.54 bln S&P Capital IQ Consensus