Manhattan Beach, California — Skechers USA said sales for the second quarter of 2016 were $878 m up from $800 m in the same period of 2015, a "new record second quarter which lead to a $1.86 bn sales record for the first six months of 2016," said David Weinberg, chief operating and financial officer.
Sales in the second quarter grew because of a 36.4% increase in sales at international subsidiaries and joint ventures and a 40.5% rise in sales through company-owned retail stores. These fed through to a 47.4% increase in gross margin in the quarter compared with Q2 2015, the firm added.
For the six months to 1 June 2016, gross profit was $848 m equivalent to 45% of net sales, this compares with $707 m for the first half of 2015.