Footwear News’ Post

Second quarter sales at Skechers increased 7.2 percent to 2.16 billion dollars as a result of a 6.9 percent increase internationally and a 7.7 percent increase domestically. On a constant currency basis, sales increased 8.7 percent. For the third quarter of 2024, the company expects to achieve sales between 2.30 and 2.35 billion dollars and diluted earnings per share between 1.10 dollars and 1.15 dollars. For the fiscal year 2024, it expects to achieve sales between 8.875 and 8.975 billion dollars and diluted earnings per share of between 4.08 dollars and 4.18 dollars. “Skechers achieved a new second quarter sales record of 2.16 billion dollars driven by the strong demand for our diverse portfolio of comfortable and innovative footwear,” said David Weinberg, chief operating officer of Skechers.

Skechers continued its earnings winning streak on Thursday, posting record sales in the first quarter of 2024. The Manhattan Beach, Calif.-based footwear company reported Q1 net sales of $2.25 billion, up 12.5 percent from $2.0 billion the same period last year. Net earnings were $206.6 million and diluted earnings per share were $1.33 compared with prior year net earnings of $160.4 million and diluted earnings per share of $1.02. Shares were up nearly 8 percent in after-market trading on Thursday.

Shares for Deckers Brands were up over 8 percent in after-hours trading on Thursday as the company continues to see robust sales from HOKA and UGG. The Goleta, Calif.-based footwear company reported net sales in the first quarter of 2025 increased 21.1 percent to $825.3 million compared to $675.8 million the same time last year. Net income in the period was $115.6 million, up from $63.6 million in the same quarter last year. By brand, Hoka saw the largest increase in sales in the first quarter, reporting a 29.7 percent rise to $545.2 million compared to $420.5 million in Q1 2024. Ugg also continued its winning streak in the period, posting net sales of $223.0 million, a 14 percent increase from $195.5 million last year.

Skechers crushed Q3, posting record sales. The global footwear brand’s net sales rose 15.9% to  a new quarterly record of $2.35 billion, topping estimates of $2.31 billion, for the period ended Sept. 30. Domestic net sales were up 15.3%, while international sales increased 16.4%. By channel, direct-to-consumer sales increased 9.6%. Wholesale sales jumped 20.6%. It's my opnion that Skechers is often overlooked as a retailer and in the sneaker category. CFO John Vandemore notes that the company is on target to hit 10B, yes billion, in sales by 2026. “Skechers’ record third-quarter financial performance underscores the strength of our global diversification and demand for our distinctive value proposition." “These results reinforce our confidence in achieving our goal of $10 billion in sales by 2026 and continued growth thereafter The company continues to build their technical performance business including a recent endorsement deal with National Basketball Association (NBA) Superstar Joel Embid. The future continues to grow brighter for the company with an amazing corporate office location, Manhattan Beach, California. #retail #retailnews #retailtrends #cre #dtc #sneakers #chainstoreage https://lnkd.in/eBRAFrvH

Shares for Deckers Brands were up over 8 percent in after-hours trading on Thursday as the company continues to see robust sales from HOKA and UGG. The Goleta, Calif.-based footwear company reported net sales in the first quarter of 2025 increased 21.1 percent to $825.3 million compared to $675.8 million the same time last year. Net income in the period was $115.6 million, up from $63.6 million in the same quarter last year.

Shares for Deckers Brands were up over 8 percent in after-hours trading on Thursday as the company continues to see robust sales from Hoka and Ugg. The Goleta, Calif.-based footwear company reported net sales in the first quarter of 2025 increased 21.1 percent to $825.3 million compared to $675.8 million the same time last year. Net income in the period was $115.6 million, up from $63.6 million in the same quarter last year. Deckers also saw a bump in its direct-to-consumer channel, reporting an increase of 24 percent to $310.6 million compared to $250.4 million in Q1 of fiscal 2024. Wholesale net sales for Q1 were up 21 percent to $514.8 million compared to $425.4 million the same time last year. Deckers Brands HOKA Footwear News Stefano Caroti Dave Powers UGG #earnings #trading #hoka #running #runningshoe #marathon #netincome

Shares for Boot Barn were down nearly 10 points in after-market trading on Monday following the news that longtime president and chief executive officer Jim Conroy is stepping down next month. According to the Irvine, Calif.-based footwear company, net sales in the second quarter of fiscal 2025 increased 13.7 percent to $425.8 million from $374.5 million in the prior-year period. This is up from the company’s expectations for the quarter, with sales forecasted to be between $405 million to $412 million, representing growth of 8.2 percent to 10 percent over the prior-year period.

Shares of DICK'S Sporting Goods soared on Thursday morning after the retailer reported sales and earnings figures that crushed expectations. In the fourth quarter, the sporting goods store’s revenues were $3.88 billion, up 7.8 percent from the same quarter last year and ahead of the $3.8 billion expected by analysts surveyed by Yahoo Finance. Non-GAAP earnings per diluted share were $3.85, up 31 percent from last year and ahead of the $3.35 analysts were looking for. Comparable store sales were up 2.8 percent, with growth across footwear as well as apparel.

Caleres, Inc. is lowering its yearly guidance following a reported sales below its expectations in the second quarter. According to the St. Louis-based footwear company, net sales in the second quarter of 2024 were $683.3 million, down 1.8 percent from $695.5 million in the second quarter of 2023. Net earnings in the period were 30.0 million, or earnings per diluted share of 85 cents, compared to net earnings of $33.9 million, or earnings per diluted share of 95 cents in the same time last year.

Nike has continued its shift from direct-to-consumer (D2C) to wholesale channels over the past three months. Matthew Friend John Donahoe #Retail #TextileRetail #ApparelRetail #RetailNews #DailyNews #USA #footwear #RetailIndustry #ApparelResources #ApparelIndustry #FashionBrand