Skechers sees record Q2 sales

Skechers achieved Q2 record sales but earnings fell back

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US footwear brand Skechers scored record second quarter revenues of $354.6 million (£178.1m) against $352.2m (£176.9m) but net earnings fell back slightly for the three months to June 30.

Skechers saw net earnings for the quarter come in at $14.6m (£7.3m) against $14.9m (£7.4m) for the same period last year.

Skechers chief financial officer Fred Schneider said: "Our record second quarter revenues are in line with our expectations and the guidance we gave a few months ago. We are especially pleased with our continued strong international sales."

However Schneider admitted that Skechers had not made domestic wholesale growth over the quarter and that the retail business had also been impacted by the weak US economy.