Skechers USA Inc (SKX) reported earnings for its fourth quarter that increased from the same period last year but missed the Street estimates.
The company's earnings totaled $99.3 million, or $0.65 per share. This compares with $87.2 million, or $0.56 per share, last year.
Analysts on average had expected the company to earn $0.75 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 12.8% to $2.212 billion from $1.961 billion last year.
Skechers USA Inc earnings at a glance (GAAP) :
-Earnings: $99.3 Mln. vs. $87.2 Mln. last year.
-EPS: $0.65 vs. $0.56 last year.
-Revenue: $2.212 Bln vs. $1.961 Bln last year.
-Guidance:
Next quarter EPS guidance: $1.10 - $1.15
Next quarter revenue guidance: $2.40 - $2.43 bln
For the fiscal year 2025, the company expects sales between $9.70 and $9.80 billion and earnings per share between $4.30 and $4.50.
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