Executive Summary

• Skechers reported 2Q19 sales of $1.26 billion, beating the $1.22 billion consensus estimate, and $0.49 EPS, beating the $0.34 consensus estimate.
• Driven by international stores, comparable same-store sales were up 4.9%, beating the consensus estimate of 0.5%. China remains fundamental to Skechers growth, achieving a 12% sales gain on top of 40%+ in the year ago quarter.
• The company estimated Q319 sales will be $1.32 billion to $1.35 billion and EPS will range from $0.65 to $0.70.