7:31 am Skechers shares soar 13% following better than expected earnings
Skechers USA (SKX $41.98 +5.11) reported first quarter earnings of $0.61 per share, excluding non-recurring items, which is higher than expected, while revenues rose 21.0% year/year to $546.5 million which ishigher than expected.
"April has started off very strong in terms of order rates, revenues and backlogs, all which have accelerated since year end. This was achieved without impacting our at-once business which remains at the same levels as last year. We believe this positive trend will continue …More