US firm Skechers’ sales soar 7.8% in Q3 FY23

Skechers reported a 7.8 per cent YoY sales growth in Q3 FY23, driven by a 23.8 per cent surge in DTC and an 8.6 per cent boost in international sales.
Despite a slight dip in wholesale, net earnings rose significantly, with diluted EPS at $0.93, up from last year’s $0.55.
For the first nine months of FY23, overall sales increased 8.5 per cent.

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