Skechers Steps Up Its Game: Fool by Numbers

On Oct. 25, Skechers USA (NYSE: SKX  ) released third-quarter earnings for the period ended Sept 30.

  • Revenues increased 21.4% because of growth across all channels of distribution, which include domestic, international, wholesale, retail, and e-commerce.
  • Skechers had a record-breaking quarter, surpassing $300 million in sales, mainly because of their infrastructure and marketing tactics.
  • Comparable-store sales were in the double digits, boosted by strong back-to-school sales.

(Figures in millions, except per-share data)

Income Statement Highlights

Avg. Est.

Q3 2006

Q3 2005

Change

Sales

$317

$331

$273

21.4%

Net Profit

--

$22

$13

75.7%

EPS

$0.40

$0.49

$0.30

63.3%

Diluted Shares

--

46

45

3%



Get back to basics with a look at the income statement.

Margin Checkup

Q3 2006

Q3 2005

Change*

Gross Margin

44.18%

42.32%

1.86

Operating Margin

10.41%

7.86%

2.55

Net Margin

6.70%

4.63%

2.07

*Expressed in percentage points.

Margins are the earnings engine. See how they work.

Balance Sheet Highlights

Assets

Q3 2006

Q3 2005

Change

Cash + ST Invest.

$205

$183

12.2%

Accounts Rec.

$172

$130

32.2%

Inventory

$177

$132

34.0%



Liabilities

Q3 2006

Q3 2005

Change

Accounts Payable

$141

$92

53.7%

Long-Term Debt

$17

$18

(4.1%)



Learn the ways of the balance sheet.

Cash Flow Highlights

We will, we will stomp you -- for not including a cash flow statement.

Find out why Fools always follow the money.

Related Companies:

  • Nike (NYSE: NKE  )
  • Timberland (NYSE: TBL  )
  • Wolverine Worldwide (NYSE: WWW  )

For more Foolish footwear reading:

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Fool by Numbers is designed to give you the raw earnings information in a timely fashion, putting all the numbers you need in one easy-to-read place. But at The Motley Fool, we believe numbers tell only part of the story, so checkFool.com for more of our in-depth discussion of what the numbers mean. This data has been provided by Netscribes. To provide feedback on this article, please click on the "feedback" button below.


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