Skechers Slightly Lowers 2021 Outlook On Q3 Miss

October 28, 2021

Profits at Skechers USA surged 61.0 percent in the third quarter ended September 30 on a 19.2 percent revenue gain, but both sales and earnings came were below guidance. The footwear giant slightly lowered its EPS and sales targets for the full year. Skechers achieved a new third quarter sales record surpassing $1.5 billion for the period. SBGMedia