Skechers(US:SKX)2025-04-24 20:15Sales Performance - Record quarterly sales of $2.41 billion, a year-over-year increase of 7.1%, with international sales representing 65% of total sales [2] - Total sales for Q1 2025 reached $2,411.6 million, an increase of 7.1% compared to $2,251.6 million in Q1 2024 [21] - Direct-to-Consumer sales increased to $879.4 million in Q1 2025, a rise of 6.0% from $829.9 million in Q1 2024 [23] - Wholesale sales grew to $1,532.2 million in Q1 2025, representing a 7.8% increase from $1,421.7 million in Q1 2024 [23] Profitability - Gross profit reached $1.25 billion, with a gross margin of 52.0%, a decrease of 50 basis points from the previous year [4] - Gross profit for Q1 2025 was $1,254.4 million, up from $1,181.6 million in Q1 2024, reflecting a growth of 6.2% [21] - Net earnings attributable to Skechers were $202.4 million, with diluted earnings per share of $1.34 [8] - Net earnings attributable to Skechers U.S.A., Inc. for Q1 2025 were $202.4 million, a decrease of 13.9% from $206.6 million in Q1 2024 [26] - Diluted earnings per share for Q1 2025 were $1.34, compared to $1.33 in Q1 2024, reflecting a slight increase [26] Expenses and Liabilities - Operating expenses increased by $106.4 million, or 12.1%, with selling expenses rising by 18.3% [7] - Total liabilities decreased to $3,573.9 million as of March 31, 2025, compared to $3,635.5 million as of December 31, 2024 [19] Cash and Inventory - Cash, cash equivalents, and investments totaled $1.24 billion, a decrease of 10.4% from the previous quarter [11] - Cash and cash equivalents decreased to $993.1 million as of March 31, 2025, from $1,116.5 million as of December 31, 2024 [19] - Inventory decreased by $145.6 million, or 7.6%, to $1.77 billion [11] Guidance and Economic Outlook - The company is not providing financial guidance due to macroeconomic uncertainty and has withdrawn its annual 2025 guidance [12]