Skechers U.S.A., Inc. announced record second-quarter sales of $2.44 billion for the period ended June 30, 2025, representing a 13.1% increase year-over-year. International sales grew by 22%, while both the Wholesale and Direct-to-Consumer segments increased by 15% and 11%, respectively.
Diluted earnings per share for the quarter were $1.13, up 24.2% from $0.91 in the prior year, with net earnings attributable to Skechers U.S.A., Inc. reaching $170.5 million. However, the overall gross margin declined by 160 basis points to 53.3%, primarily due to higher costs per unit from increased domestic duties.
Operating expenses rose by 15.4%, driven by higher demand creation, increased labor costs ($53.4 million), facility-related costs ($28.3 million) for global retail expansion, and increased distribution costs ($24.9 million). Favorable foreign currency exchange rates in Europe contributed $45.5 million in other income, partially offsetting some operational pressures.
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