Skechers posts buoyant annual results, outlook upbeat

Net sales for the fourth quarter of 2015 at Skechers USA were 722.7 million dollars compared to 569.7 million dollars in the fourth quarter of 2014. Gross profit for the quarter was 329.9 million dollars or 45.6 percent of net sales compared to 45.2 percent of net sales in the fourth quarter of 2014. Fiscal year 2015 net sales were a record 3.147 billion dollars and gross profit was 1.424 billion dollars or 45.2 percent of net sales compared to 45.1 percent of net sales in 2014. Earnings from operations were 350.8 million dollars compared to 209.1 million dollars in 2014.