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SKX Skechers reports Q1 EPS 71c, consensus 72c

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bobirw   Thursday, 04/18/19 08:22:17 AM
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SKX Skechers reports Q1 EPS 71c, consensus 72c
Reports Q1 revenue $1.28B, consensus $1.3B. Sales grew 2.1 percent as a result of a 9.3 percent increase in the Company's international business, partially offset by a 6.3 percent decrease in its domestic business. On a constant currency basis, the Company's international business increased 15.0 percent. By segments, the Company's international wholesale business increased 8.7 percent, its Company-owned global retail business increased 6.7 percent, and the Company's domestic wholesale business decreased 10.9 percent. Comparable same store sales in Company-owned stores and e-commerce increased 0.7 percent, including 0.2 percent in the United States and 2.3 percent internationally-excluding 61 stores in India that recently transitioned from third-party to company-owned.

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