Skechers(US:SKX) ZACKSยท2024-10-24 23:36Core Insights - Skechers reported revenue of $2.35 billion for Q3 2024, a 15.9% increase year-over-year, with EPS at $1.26 compared to $0.93 in the same quarter last year [1] - The revenue exceeded the Zacks Consensus Estimate of $2.32 billion by 1.30%, and EPS surpassed the consensus estimate of $1.15 by 9.57% [1] Revenue Performance - Geographic Revenue in Asia Pacific was $566 million, below the average estimate of $617.91 million, reflecting a year-over-year increase of 7.4% [1] - Geographic Revenue in Europe, Middle East & Africa reached $625.60 million, exceeding the average estimate of $531.44 million, with a year-over-year increase of 30.2% [1] - Geographic Revenue in the Americas was $1.16 billion, slightly above the estimated $1.11 billion, marking a 13.6% increase year-over-year [1] Sales Breakdown - Total Wholesale sales were $1.42 billion, surpassing the average estimate of $1.33 billion, with an 18.8% year-over-year increase [1] - Total Direct-to-Consumer sales amounted to $931.70 million, below the estimated $955.37 million, but still showing a 9.6% increase year-over-year [1] - International Direct-to-Consumer sales were $530.30 million, slightly above the average estimate of $524.83 million, reflecting a 14.4% year-over-year increase [1] - International Wholesale sales reached $901.40 million, exceeding the estimated $874.23 million [1] - Domestic Wholesale sales were $514.60 million, above the average estimate of $446.81 million [1] - Domestic Direct-to-Consumer sales were $401.40 million, slightly below the estimated $412.27 million, with a year-over-year increase of 3.8% [1] Stock Performance - Skechers shares have returned -5.8% over the past month, contrasting with the Zacks S&P 500 composite's +1.5% change [2] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [2]