Latest styles offering push Skechers Q4 sales up 8.2%

23 Feb '06

1 min read

Global leader in lifestyle footwear, SKECHERS USA announced financial results for the fourth quarter and fiscal year ended December 31, 2005.

Fiscal year 2005 net sales increased 9.4 percent to $1.006 billion as compared to net sales of $920.3 million in 2004.

Net earnings for 2005 were $44.7 million versus net earnings of $23.6 million in 2004.

For fiscal year 2005, diluted earnings per share were $1.06 on 44,518,000 weighted average shares outstanding versus diluted earnings per share of $0.59 on 39,800,000 weighted average shares outstanding in the prior year.

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SKECHERS USA Inc, based in Manhattan Beach, California, designs, develops and markets a diverse range of footwear for men, women and children under 14 unique brand names.

SKECHERS footwear is available in the United States via department and specialty stores, Company-owned SKECHERS retail stores and its e-commerce website, as well as in over 100 countries and territories through the Company's global network of distributors and Canadian and European subsidiaries.

SKECHERS USA

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