Skech'S Three Quarter Earnings Report: International Business Accounted For 58.8% Of The Record.

In the west of the United States in October 22nd, American sports leisure brand Cage announced the third quarter of 2019. Skech's global sales in the third quarter amounted to US $1 billion 354 million, up 15.1% from the same period last year, achieving the same quarter sales record.

Specifically, the US domestic business grew by 6.7%, and international sales increased by 21.9%, increasing by 25.7% at fixed exchange rates. International sales accounted for 58.8%, creating a new sales account.

In addition, same store sales increased by 7.7% over the same period last year, of which 6.8% in the US and 9.9% in the international market.

From the point of view of the channel, the international wholesale business grew by 21.7%, the self operated consumer business grew by 13.3%, and the domestic wholesale business of the United States increased by 5%. Same store sales increased by 7.7% over the same period last year, of which 6.8% in the US and 9.9% in the international market.

In terms of revenue, net profit was $103 million 100 thousand and diluted earnings per share were $0.67. According to the constant exchange rate, diluted earnings per share were 0.71 US dollars, an increase of 22.4%.

Skech chief operating officer David Weinberg revealed that Skech currently owns more than 3300 stores in the world, including 779 self operated stores. China, as one of the most important strategic markets, has 24 super stores, and is expected to have 50 super stores by the end of this year. This year, Skech is continuing to develop children's products and clothing business.