US firm Skechers projects sales of $1.95-$2 bn in Q3 FY23

02 Aug '23

1 min read

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Insights

Global footwear giant Skechers anticipates reaching sales of between $1.95 billion and $2.0 billion in Q3 FY23, alongside diluted earnings per share falling between $0.70 and $0.75.
For FY23, the company aims to achieve sales within the range of $7.95 billion to $8.1 billion.
Similarly, it expects diluted earnings per share to lie between $3.25 and $3.40.

For the third quarter (Q3) of fiscal 2023 (FY23), Skechers anticipates achieving sales between $1.95 billion and $2 billion. This corresponds with a predicted diluted earnings per share (EPS) in the range of $0.70 to $0.75.

Looking ahead to fiscal 2023, the company's predictions are equally optimistic. Skechers estimates it will achieve sales between $7.95 billion and $8.1 billion, with diluted EPS ranging from $3.25 to $3.40.

“As we look to the future and our goal of $10 billion in annual sales by 2026, we remain focused on improving distribution efficiencies, developing new categories including some that will be introduced later this year, enhancing our direct-to-consumer segment, and further expanding our international business, including the acquisition of our Scandinavian distributor, which we believe will deliver increased sales growth in the coming years,” said David Weinberg, chief operating officer at Skechers.

Fibre2Fashion News Desk (DP)

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