Skechers reports Q1 net sales rise of 40.5 percent

Skechers USA for the first quarter ended March 31, 2015, reported net sales of 768 million dollars compared to 546.5 million dollars in the first quarter of 2014, an increase of 40.5 percent. Gross profit was 332.5 million dollars, or 43.3 percent of net sales, compared to 240.4 million dollars, or 44 percent of net sales in the first quarter of 2014. Earnings from operations were 88.2 million dollars, or 11.5 percent of net sales, compared to net earnings from operations of 48.2 million dollars, or 8.8 percent of net sales, for the first quarter of 2014.