Los Angeles California – Skechers had total sales of $6.28m in the first quarter of 2022. This is up 36.7% on the same period last year.
2021 'outstanding' at Skechers
Gross profit across the business rose by 40.9% to $3.10m in the first quarter of 2022.
'2021 was an outstanding year, with four quarterly sales records, including fourth quarter sales of $1.65bn, and a new full year sales milestone of $6.29bn,' said David Weinberg, the company’s chief operating officer.
The company had triple-digit growth in sales through distributors in 2021, high single digit growth in China, and double-digit growth in the UK, India, Spain and many other markets in 2021.
This growth is consumer driven, as buyers want shoes that are comfortable, stylish, innovative and reasonably priced, the company said.