Skechers reported earnings of $0.74 for the third quarter. Analysts were expecting $1.02 per share. The company also reported revenues of $554.6 million missing estimates of $572.15 million. The quarter did represent record sales for the company.
COO and CFO David Weinberg said: "Our third quarter net sales of over $550 million represent a new quarterly record and come on the heels of record sales for the first and second quarters. The continued demand for our diverse product offering resulted in growth across our domestic and international wholesale and retail channels."
Skechers was down over 7% in after hours trading.
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