SKECHERS has released its financial report

The American sports brand SKECHERS has released its financial report for the first quarter of 2023, which shows that Skechers' sales in the first quarter of 2023 reached US$2 billion (about 13.837 billion yuan), an increase of 10% over the same period in 2022. Gross margin was 48.9%, and adjusted earnings per diluted share were $1.02.

Among them, Skechers' direct-to-consumer business (DTC business) sales in the first quarter of 2023 increased by 24.5%. Inventories amounted to $315.8 million, down 17.4% from December 31, 2022.

In 2022, Skechers' sales reached US$7.4 billion (approximately 49.58 billion yuan), an increase of 18% over 2021, setting the best sales record in history.