Skechers reports strong sales and profit growth in Q1

Skechers USA first quarter net sales were 978.8 million dollars compared to 768 million dollars in the first quarter of 2015, an increase of 27.4 percent. Gross profit was 432.2 million dollars, or 44.2 percent of net sales, compared to 332.5 million dollars, or 43.3 percent of net sales in the first quarter of 2015. Earnings from operations were 138.6 million dollars, or 14.2 percent of net sales, compared to 88.2 million dollars, or 11.5 percent of net sales, for the same quarter, last year.