Skechers Q2 Revenue Tops Consensus, Wholesale Sales Rise 15%

Skechers reported Q2 constant currency EPS of 83c, beating the consensus estimate of 86c. Revenue reached $2.44B, exceeding expectations of $2.35B. Wholesale sales increased 15.0%, while direct-to-consumer sales rose 11.0%.

Title: Skechers U.S.A. Q2 2025 Earnings Report: Beat on EPS and Revenue, Strong Growth in International Markets

Skechers U.S.A. Inc. (NYSE: SKX) released its second-quarter 2025 earnings report, showing a robust performance that exceeded analyst expectations. The company reported constant currency EPS of 83 cents, beating the consensus estimate of 86 cents. Revenue reached $2.44 billion, surpassing expectations of $2.35 billion. This quarter marked a significant increase in wholesale sales, up 15.0%, and direct-to-consumer sales, which rose by 11.0% [2].

The report highlighted a strong performance in international markets, particularly in the EMEA region, which outperformed expectations. However, sales in China lagged, contributing to overall margin pressure. Gross margin declined to 53.3% from 54.9% the previous year, while operating margin fell to 7.1% from 9.6% [3].

Skechers' net earnings for the quarter were $170.5 million, up 21.5% year-over-year, driven by robust international growth and expanding direct-to-consumer sales. The company did not provide forward-looking financial guidance, but it continues to focus on managing cost structures and optimizing global sourcing in the face of economic and trade developments [3].

The earnings report comes amidst Skechers' ongoing efforts to go private through a $9 billion deal with Brazilian private-equity firm 3G Capital. The deal structure includes one election at $63 a share and another at $57 a share in cash, along with an unlisted, non-transferable equity unit. A California federal district court judge recently ruled against a pension plan investor's bid for a preliminary injunction to delay the closing of the acquisition, paving the way for the deal to proceed [2].

References:
[1] https://www.marketbeat.com/earnings/reports/2025-8-8-skechers-usa-inc-stock/
[2] https://finance.yahoo.com/news/skechers-beat-expectations-q2-shoe-205321961.html
[3] https://www.theglobeandmail.com/investing/markets/stocks/SKX-N/pressreleases/34012446/skechers-revenue-jumps-13-in-fiscal-q2/