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 RECORD SECOND QUARTER 2019 NET SALES

 

 

MANHATTAN BEACH, CA. – July 18, 2019 – SKECHERS USA, Inc. (NYSE:SKX), a global footwear leader, today announced financial results for the second quarter ended June 30, 2019.

 

Second Quarter Highlights

 

Sales of $1.259 billion, an increase of 10.9 percent, or 13.7 percent on a constant currency basis

 

International sales increased 19.8 percent, or 25.2 percent on a constant currency basis

 

Comparable same store sales increased 4.9 percent, including increases of 4.2 percent domestically and 6.7 percent internationally

 

International sales represented 55.7 percent of total sales

 

Diluted earnings per share of $0.49, an increase of 69.0 percent

 

 

“As the world continues to become closer and digital becomes a critical means of communicating and embracing trends to tell your brand’s story, it’s no longer what is happening in one market that matters; it’s what’s happening across all markets. We’re continuing to strategically view our business with a global lens as trends are traveling faster,” stated Robert Greenberg, chief executive officer of Skechers. “Specifically, many


The following information was filed by Skechers Usa Inc (SKX) on Thursday, July 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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