SKECHERS USA, Inc, global leader in lifestyle footwear, announced on Friday financial results for the second quarter ended June 30, 2010.

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“SKECHERS' top-line growth, significantly increased profitability and much improved margins are the result of our consistent efforts to deliver fresh, innovative product supported by relevant marketing around the world”

Second quarter 2010 net sales increased 68.9 percent to $504.9 million. Net profits, operations’ earnings and common diluted earnings per share were also all up this quarter, compared to poorer performance in the same period in 2009.

"Our second quarter net sales of over $500 million are a first in our 18-year history," began David Weinberg, chief operating officer and chief financial officer. "The significant revenue growth is attributable to strong operational execution and product development and delivery across our domestic and international wholesale and retail channels, as well as via our e-commerce platform. We believe our momentum is being meaningfully supported and enhanced by our continued marketing efforts globally."


By Rosie Hart