Skechers reports sales recovery over Q2

Sales at Skechers USA Inc., decreased 3.9 percent as a result of a 4.1 percent decrease in the company’s international business and a 3.7 percent decrease in its domestic business. The company said in a statement that gross margins remained relatively flat at 48.1 percent, earnings from operations decreased 55.3 million dollars or 37.5 percent to 92.1 million dollars. Net earnings were 64.3 million dollars and diluted earnings per share were 41 cents, while adjusted net earnings were 82.6 million dollars and adjusted diluted earnings per share were 53 cents.