Skechers USA beats by $0.08, misses on revs; guides Q1 EPS above consensus, revs below consensus
- Reports Q4 (Dec) earnings of $0.31 per share, $0.08 better than the S&P Capital IQ Consensus of $0.23; revenues rose 11.4% year/year to $1.08 bln (a Q4 sales record) vs the $1.1 bln S&P Capital IQ Consensus
- Fourth quarter comparable same store sales in Company-owned retail stores, including ecommerce, increased 1.1 percent, which included an increase of 3.0% in its international stores and 0.4% in the United States
- Gross margins increased 90 basis points to 47.7% as higher domestic margins from improved retail pricing and product mix was partially offset by the negative impact of foreign currency exchange rates.
- Co issues mixed guidance for Q1, sees EPS of $0.70-0.75 vs. $0.66 S&P Capital IQ Consensus; sees Q1 revs of $1.28-1.30 bln vs. $1.33 bln S&P Capital IQ Consensus.
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