Skechers Usa Inc (SKX) SEC Filing 10-Q Quarterly report for the period ending Sunday, March 31, 2019

Earnings Press Release
10-Q Quarterly Report
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Skechers Usa Inc
Ticker: SKX CIK: 1065837

Exhibit 99.1

FOR IMMEDIATE RELEASE


Company Contact:		David Weinberg Chief Operating Officer John Vandemore Chief Financial Officer SKECHERS USA, Inc. (310) 318-3100

Investor Relations:		Andrew Greenebaum Addo Investor Relations (310) 829-5400

Press:		Jennifer Clay Vice President, Corporate Communications (310) 318-3100

SKECHERS ACHIEVES NEW QUARTERLY SALES RECORD

MANHATTAN BEACH, CA. – April 18, 2019 – SKECHERS USA, Inc. (NYSE:SKX), a global footwear leader, today announced financial results for the first quarter ended March 31, 2019.

First Quarter Highlights

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Record sales of $1.28 billion, an increase of 2.1 percent, or 5.2 percent on a constant currency basis

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International sales increased 9.3 percent, or 15.0 percent on a constant currency basis

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Earnings from operations of $165.9 million, an increase of 11.5 percent

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Operating margin increased to 13.0 percent

“The momentum we experienced in 2018 is continuing as we again achieved a new quarterly sales record in the first quarter of 2019,” began Robert Greenberg, chief executive officer of Skechers. “Our focus has been on designing and delivering relevant product across all genders and categories and supporting it with targeted marketing for our diverse consumer base. In the first quarter, Skechers GOrun Razor 3 Hyper received the Editor’s Choice award by Runner’s World, we were on fashion week runways in Berlin and London, launched both a new men’s campaign during the Super Bowl with football legend and broadcaster Tony Romo, and a fresh women’s campaign with pop superstar Camila Cabello, who appeared in Skechers D’Lites in store windows, magazines, and on television and billboards around the world. We also sponsored the Skechers Performance Los Angeles Marathon and several Skechers elite golfers and

The following information was filed by Skechers Usa Inc (SKX) on Thursday, April 18, 2019 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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