Skechers USA (SKX) Reports In-Line Q1 EPS, Q2 Guidance Misses

(Updated - April 19, 2018 4:09 PM EDT)

Skechers USA (NYSE: SKX) reported Q1 EPS of $0.75, in-line with the analyst estimate of $0.75. Revenue for the quarter came in at $1.25 billion versus the consensus estimate of $1.2 billion.

Outlook

For the second quarter of 2018, the Company believes it will achieve sales in the range of $1.120 billion to $1.145 billion, and diluted earnings per share of $0.38 to $0.43. The estimated quarterly sales includes an expected shift in shipments from the second quarter to the back half of the year for several key international distributors and domestic accounts. Based on current expectations, the Company continues to anticipate that its 2018 annual tax rate will be in the range of 12 percent to 17 percent.

(Street sees Q2 EPS of $0.54 on revenue of $1.16 billion)

For earnings history and earnings-related data on Skechers USA (SKX) click here.

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