Skechers reported second-quarter sales of $2.44 billion, a 13.1 per cent increase from the same period last year, fueled by strong demand across both its wholesale and direct-to-consumer channels.
Net income rose 21.5 per cent to $170.5 million, up from $140.3 million a year earlier.
Wholesale revenue for the quarter reached $1.30 billion, up 15 per cent from $1.13 billion in the prior-year period. Direct-to-consumer sales increased 11 per cent to $1.14 billion, compared with $1.03 billion a year ago.
Domestically, sales were flat, down slightly by 0.2 per cent, with wholesale sales declining 7.5 per cent but direct-to-consumer rising 7.6 per cent.
International markets show stronger growth. International sales accounted for about 64.6 per cent of total revenue in Q2, up from roughly 60 per cent a year earlier. This growth was driven by a 29.6 per cent increase in wholesale international sales and a 13.3 per cent rise in direct-to-consumer international revenue.
Asia Pacific sales rose 5.5 per cent to $595.5 million, despite a decline in China sales, which fell 8.2 per cent to $287.2 million. Americas division sales increased slightly by 1.1 per cent $1.11 billion, while Europe, Middle East & Africa (EMEA) showed the strongest regional growth, with sales jumping 48.5 per cent to $731.5 million.
For the first half of 2025, Skechers posted total sales of $4.85 billion, a 10 per cent increase from $4.41 billion in the prior year. Regional growth mirrored Q2 trends, with EMEA up 29.4 per cent, Americas rising 4.6 per cent, and Apac up modestly by 1.4 per cent.
Skechers currently has more than 5200 stores worldwide, including both company-owned and third-party-owned locations. The company is on its way to reach 10,000 stores.