Manhattan Beach, California – US-based footwear company Skechers announced net sales of $2.4 bn in the first half of 2018.
Gross profit was $1.1 bn, and earnings from operations were $230 m in the half.
The company said the 13.6% increase in sales was a result of a 22.9% increase in its international wholesale business. A 15.5% increase in its global retail business also contributed to this. Gross margin was 46% in the first half of 2017, and this grew to 48% in the first half of 2018. This resulted from higher prices in these business segments.