Skechers USA Inc. (SKX) reported stellar third-quarter results, driven by widespread popularity of its innovative comfort footwear. The company achieved record sales of $2.35 billion, a 15.9% increase from the prior year, beating analysts' estimates. Earnings per share of $1.26 surpassed expectations, representing a 35.5% year-over-year growth.

Skechers' impressive performance was fueled by strong demand for its diverse line of comfortable and innovative footwear, offering a unique value proposition to consumers. Wholesale sales grew by 20.6%, driven by double-digit increases across key markets like the Americas, Europe, Middle East, and Africa (EMEA), and Asia Pacific. Direct-to-consumer sales also advanced by 9.6%, led by robust growth in EMEA and Asia Pacific.

David Weinberg, Chief Operating Officer, highlighted the company's focus on delivering innovative and comfort-driven designs across its product portfolio, stating, "Consumers now seek Skechers' comfort features knowing these styles offer more value."

Looking ahead, Skechers raised its full-year guidance, expecting sales between $8.925 billion and $8.975 billion, with earnings per share in the range of $4.20 to $4.25. The company's optimism stems from significant growth opportunities in its technical performance business, including technical running, golf, and pickleball footwear, as well as potential expansion into new categories like team sports.