Due to robust global demand in both the wholesale and direct-to-consumer categories, Skechers reported a record-breaking sales quarter for the three months ended 31st March on Thursday.
According to the company, its first-quarter revenues climbed 7.1 per cent to US $ 2.41 billion, which was consistent with a 7.2 per cent increase overseas and a 6.9 per cent growth domestically.
Wholesale sales grew by 7.8 per cent overall, with notable increases of 13 per cent in EMEA and 7.3 per cent in the Americas, though this was partially offset by a 0.6 per cent drop in APAC. Direct-to-consumer sales rose 6 per cent, fueled by 9.8 per cent growth in the Americas and 21.7 per cent in EMEA, while a 4.4 per cent decline in APAC tempered the gains.
David Weinberg, chief operating officer of Skechers, stated that the company achieved record quarterly sales of US $ 2.41 billion in the first quarter, driven by strong global demand across both wholesale and direct-to-consumer channels. He noted that international sales accounted for 65 per cent of the business.
Regional sales rose by 14 per cent in EMEA and 8 per cent in the Americas, while APAC saw a 3 per cent decline; however, excluding China, sales in the region increased by 12 per cent. Skechers sees strong growth potential in China and will continue investing in product, marketing, and infrastructure, noted chief operating officer David Weinberg.
The sneaker brand withdrew its earlier forecast for 2025, attributing the decision to macroeconomic uncertainty caused by global trade policies.
