Skechers reports upbeat Q3, sets mixed guidance for Q4, FY24

seekingalpha

2024-10-25

jfmdesign/iStock Unreleased via Getty Images

Powered by sizable gains in wholesale, DTC, and as consumers embraced “hands-free slip on shoes,” Skechers (NYSE:SKX) broke quarterly sales records as Q3 revenue jumped 15.9% to $2.35B, topping Wall Street’s expectations by $40M.

Shares rallied more than 12% on

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