“With product and marketing initiatives that continue to resonate with our consumers worldwide, we achieved a 30.7% net sales increase over the third quarter last year, and the highest quarterly revenues in the company’s 22-year history. These results followed record first and second quarter revenues, resulting in a 29.5% net sales increase for the first nine months of 2014 as compared to the same period last year”, commented David Weinberg, Chief Operating Officer and Chief Financial Officer.


“The growth in the quarterly revenue came across our three key distribution channels —we achieved net sales increases of 18.5% in our domestic wholesale business, 60.6% in our international wholesale business, and 25.0% in our Company-owned global retail business, which included an 11.0% increase in comparable net sales for the quarter on top of a double-digit increase last year in comparison to the third quarter in 2012”, continued Weinberg.

Skechers' net earnings for the third quarter were 51.1 million US dollars compared to net earnings of 26.8 million US dollars in the third quarter of 2013, growing 90.4%.

For the nine months ended in September 30th net sales reached 1 807.8 billion US dollars compared to net sales of 1 395.6 billion US dollars in the first nine months of 2013. Net earnings for the period were 116.9 million US dollars compared to net earnings of 40.6 million US dollars  in the same period last year (+187%).

Robert Greenberg, Skecher's Chief Executive Officer, commented on the excellent set of results: "We are extremely proud of our three consecutive quarters of record revenues and increasing sales around the world (...) Based on feedback from our domestic and international accounts, we are confident the momentum will continue into next year.”

Mr. Weinberg continued: "The continuous record revenue quarters in 2014 and the strong growth in all of our key business segments is evidence of the relevancy and demand for Skechers footwear worldwide. The more than 50% increase in our backlogs at the end of September and the strong sales during the first few weeks of October give us confidence that the momentum we are experiencing now will continue for the remainder of the year and into 2015. We are continuing our retail expansion and plan to open an additional 10 to 15 company-owned Skechers stores before the end of the year, in addition to the 22 that opened in the third quarter and the five that have already opened this month. We also plan to open another 35 to 45 Skechers stores through our international distributor and franchise partners before the end of the year—which will bring us to the 1,000 store milestone. We are also improving our international efficiencies with the opening of a new distribution facility in Chile in the third quarter and the completion of phase one of the automation of our European Distribution Center in Belgium in the fourth quarter.”