Sales of American firm Skechers soar 12.5% in Q1 FY24

Skechers reported a 12.5 per cent YoY sales increase to $2.25 billion in Q1 FY24, driven by growth in both international (15.2 per cent) and domestic (7.8 per cent) markets.
Wholesale and direct-to-consumer sales rose, improving gross margin to 52.5 per cent.
Despite higher operating expenses, net earnings reached $206.6 million, with EPS rising to $1.33.

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