Core Insights - The performance of Skechers' international operations is critical for understanding its financial resilience and growth potential [1][2][3] Revenue Performance - Skechers reported total revenue of $2.41 billion for the last quarter, reflecting a 7.1% increase from the prior-year quarter [4] - International revenue contributions included $718.2 million from Europe, Middle East & Africa, accounting for 29.78%, which was a surprise increase of 1.35% compared to expectations [5] - Asia Pacific generated $589 million, constituting 24.42% of total revenue, but this was a decrease of 4.78% from analyst projections [6] Future Revenue Forecasts - Analysts predict total revenue of $2.34 billion for the current fiscal quarter, indicating an 8.4% increase year-over-year, with expected contributions of 24.7% from Europe, Middle East & Africa and 25.1% from Asia Pacific [7] - For the full year, total revenue is expected to reach $9.59 billion, a 6.9% increase from the previous year, with Europe, Middle East & Africa and Asia Pacific projected to contribute $2.56 billion and $2.47 billion, respectively [8] Market Dynamics - The reliance on international markets presents both opportunities and challenges for Skechers, necessitating close monitoring of international revenue trends to project future performance [9][10] - The company's stock performance has seen a 27.2% increase over the past four weeks, outperforming the Zacks S&P 500 composite [13]
Why Skechers (SKX) International Revenue Trends Deserve Your Attention