Skechers Q4 sales and profit increase

Sales at Skechers USA Inc., grew 23.1 percent as a result of a 31.2 percent increase in the company’s international business or 32.3 percent on a constant currency basis, and a 13 percent increase in its domestic business to 1,330.7 million dollars. On a constant currency basis, the company’s total sales increased 23.8 percent. Comparable same store sales in company-owned stores and e-commerce increased 9.9 percent, including 10.3 percent in the United States and 8.8 percent internationally. Earnings from operations increased 10.4 million dollars or 12.4 percent to 94.1 million dollars and net earnings were 59.5 million dollars with diluted earnings per share of 39 cents.