Skechers Footwear reports strong results

28/10/2005

Footwear designer Skechers USA, Inc. has announced strong financial results for the third quarter ended September 30, 2005. Net sales for the quarter rose 5.9% to $272.8 million compared with $257.7 million for the same period in 2004. Third quarter 2005 net earnings were $12.6 million versus $6 million in the third quarter of the prior year.

For the nine-month period ended September 30, 2005, net sales rose 9.7% to a record $783.0 million compared with $713.9 million in the first nine months of 2004. Net earnings for the first nine months were $38.8 million versus $21.4 million in 2004.

Skechers designs, develops and markets a range of footwear for men, women and children under 12 brand names. The company has also granted select third party licenses for Skechers-branded apparel, swimwear and hosiery.