Skechers Q2 Revenue Rises 13% Ahead of $9B Go-Private Deal

Skechers reported strong second-quarter fiscal 2025 results with net sales of $2.44 billion, marking a 13% year-over-year increase that exceeded analyst expectations. The company saw growth across both wholesale sales, up 15%, and direct-to-consumer channels, which rose 11%, contributing to robust international expansion. Earnings per share showed mixed figures depending on the metric: non-GAAP EPS was reported at $0.83, matching estimates but slightly below some analyst forecasts, while GAAP diluted EPS was $1.13, representing a 21.5% increase from the previous year. Despite solid revenue growth, Skechers experienced margin pressures, with gross and operating margins declining compared to the previous year due to cost challenges. The results come as Skechers advances its $9 billion go-private deal with private-equity firm 3G Capital, reflecting the continued strategic moves by company leadership. Overall, the quarter highlighted Skechers’ ongoing sales momentum and expansion efforts balanced against margin and cost headwinds.