• Loading stock data...
Friday, June 27, 2025
Front Office Sports Launches Front Office Sports Studios Learn More

Skechers Surges on Record $2.35 Billion Quarterly Sales

  • The sneaker company reported sales nearly 16% higher than the prior year.
  • Sales rose across all regions.
Skechers

Skechers continues to outdo itself. 

The California-based sneaker company announced record third-quarter earnings Wednesday, reporting $2.35 billion in sales, nearly 16% higher than the prior year.

Wall Street analysts had an average revenue estimate of $2.3 billion for the quarter.

Skechers’ strong quarter comes as the sneaker company continues to increase its popularity both internationally and domestically; the company saw a 16% increase in sales internationally and 15% rise domestically. Shares were up more than 9% in after-hours trading.

“Skechers’ significant growth in the third quarter can be attributed to offering the right product at the right price and ensuring availability at locations where consumers want to shop – whether it’s in our own direct-to-consumer channels or with our network of key retailers,” CEO Robert Greenberg said in the release statement.

Sales grew across all regions: 30% in Europe, driven by double-digit growth across all countries, 14% in the Americas, and 7% in Asia Pacific with double-digit increases in many countries, the company said.

In February, Skechers announced it crossed the 5,000 store mark across 120 countries with aims to open at least another 140 by the end of the year. Company president Michael Greenberg said the company has a goal of reaching 10,000 stores in the coming years. 

The company came out with its first basketball shoe two years ago, and came into the NBA season with four new athlete sponsors, led by Sixers center Joel Embiid and Timberwolves forward Julius Randle. After establishing a strong base in the comfort, slip-ons, running, and children’s markets, the company is looking to do the same in the performance space, traditionally dominated by Nike and Adidas

“We are in the early stages of team sports with the global rollout of Skechers court, football [soccer], basketball and cleated styles with a growing roster of Olympians and elite athletes competing in our footwear,” Greenberg said. “We believe there are significant opportunities to build on our technical performance business.”

Performance shoes are “the final frontier,” Greg Smith, Skechers VP of product development and merchandising, recently told Front Office Sports. “It’s the one piece that has been missing from [the] Skechers portfolio.”

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

From vintage to unique collaborations, various Nike and Jordan shoes are displayed on a wall at Saved Soles inside West Ridge Mall.

Nike Stumbles Less Than Expected, Giving Wall Street Hope

The sports apparel and footwear giant beats Wall Street expectations.
Mar 23, 2025; Raleigh, NC, USA; Baylor Bears guard Jeremy Roach (3) reacts after a play during the first half against the Duke Blue Devils in the second round of the NCAA Tournament at Lenovo Center.

Power Four Put Finishing Touches on How Revenue Sharing Era Will Work

The agreement stipulates that schools can’t sue to challenge any terms of the settlement.

Featured Today

Jun 17, 2025; Sunrise, Florida, USA; Florida Panthers center Sam Reinhart (13) hoists the Stanley Cup after winning game six of the 2025 Stanley Cup Final against the Edmonton Oilers at Amerant Bank Arena

Stanley Cup’s International Summer Tour: Rules, Repairs, and Raucousness

No pro trophy tour compares to the NHL’s three-month global victory lap.
Mar 15, 2025; Fort Worth, TX, USA; UAB Blazers forward Yaxel Lendeborg (3) dribbles the ball upcourt against the North Texas Mean Green during the first half at Dickies Arena
June 22, 2025

NIL Is Shrinking the Pool of NBA Draft Entrants

Agents are now advising many players to stay in school.
Apr 24, 2025; Green Bay, WI, USA; Penn State Nittany Lions defensive end Abdul Carter on the red carpet before the 2025 NFL Draft at Lambeau Field
June 21, 2025

‘More Is More’: The Elite Luxury Jewelers Decking Out Athletes

Meet the elite group of luxury designers crafting the biggest statement pieces.
Dec 5, 2024; Miami, FL, USA; FIFA president Gianni Infantino presents the FIFA Club World Cup trophy during the Club Word Cup draw at Telemundo Studios.
June 15, 2025

Revamped Club World Cup Is FIFA’s Billion-Dollar Gamble

The revamped soccer event debuts amid controversy.
Jun 20, 2024; Eugene, OR, USA; Detailed view of Nike Alphafly 3 racing flat at the Nike by Eugene store.

Investors Hunt for Signs Nike Has Regained Its Footing

Nike’s fundamentals are “still challenged.”
June 13, 2025

U.S. Open Merch Pops Thanks to Oakmont’s Squirrel, Viral TikToks

There are more than 400,000 pieces of merchandise available at Oakmont.
Jun 15, 2025; Oakmont, Pennsylvania, USA; JJ Spaun putts on the 18th green to win during the final round of the U.S. Open golf tournament.
June 16, 2025

‘Pandemonium’: Putter Maker Sees Sales Surge After JJ Spaun’s U.S. Open Win

The company behind Spaun’s putter is already in talks with his people.
Sponsored

Hottest Matchups Following NFL Schedule Release

The NFL released the 2025 regular-season schedule, and anticipation is already building in the ticket marketplace with four months to go.
Tom's Watch Bar
June 12, 2025

How the Pacers and Caitlin Clark Boosted One Bar’s Bottom Line

Tom’s Watch Bar hosted John Haliburton for at least five games.
June 12, 2025

U.S. Open Cashing In on Signature Cocktail Trend With Lemon Wedge

Last year, the whiskey cocktail was served more than 50,000 times.
Nike store
June 5, 2025

Which Sportswear Retailers Are Best Positioned to Raise Prices?

Why On can more easily raise prices than Nike.
Mar 23, 2024; New York, New York, USA; Sneakers worn by New York Knicks guard Jalen Brunson (11) during warmups prior to the game against the Brooklyn Nets at Madison Square Garden.
May 21, 2025

Nike to Raise Prices on Sneakers Above $100

Kids products and Air Force 1s won’t be affected.