Annual report pursuant to Section 13 and 15(d)

Summary of Quarterly Financial Information

v3.20.4
Summary of Quarterly Financial Information
12 Months Ended
Dec. 31, 2020
Quarterly Financial Information Disclosure [Abstract]  
Summary of Quarterly Financial Information

 

(14)

SUMMARY OF QUARTERLY FINANCIAL INFORMATION (UNAUDITED)

 

The operating results for any quarter are not necessarily indicative of results for any future period. Summarized financial data are as follows:

 

Year Ended December 31, 2020

 

First

 

 

Second

 

 

Third

 

 

Fourth

 

(in thousands, except per share data)

 

Quarter

 

 

Quarter

 

 

Quarter

 

 

Quarter

 

Sales

 

$

1,242,345

 

 

$

729,472

 

 

$

1,300,886

 

 

$

1,324,711

 

Gross profit

 

 

547,668

 

 

 

368,566

 

 

 

625,121

 

 

 

648,426

 

Net earnings (loss)

 

 

41,160

 

 

 

(55,217

)

 

 

82,110

 

 

 

78,172

 

Net earnings (loss) attributable to Skechers U.S.A., Inc.

 

 

49,101

 

 

 

(68,097

)

 

 

64,278

 

 

 

53,282

 

Net earnings (loss) per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.32

 

 

$

(0.44

)

 

$

0.42

 

 

$

0.34

 

Diluted

 

$

0.32

 

 

$

(0.44

)

 

$

0.41

 

 

$

0.34

 

 

 

Year Ended December 31, 2019

 

First

 

 

Second

 

 

Third

 

 

Fourth

 

(in thousands, except per share data)

 

Quarter

 

 

Quarter

 

 

Quarter

 

 

Quarter

 

Sales

 

$

1,276,756

 

 

$

1,258,565

 

 

$

1,353,998

 

 

$

1,330,732

 

Gross profit

 

 

590,509

 

 

 

609,835

 

 

 

653,064

 

 

 

637,748

 

Net earnings

 

 

131,019

 

 

 

91,998

 

 

 

121,734

 

 

 

82,501

 

Net earnings attributable to Skechers U.S.A., Inc.

 

 

108,758

 

 

 

75,180

 

 

 

103,090

 

 

 

59,532

 

Net earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.71

 

 

$

0.49

 

 

$

0.67

 

 

$

0.39

 

Diluted

 

$

0.71

 

 

$

0.49

 

 

$

0.67

 

 

$

0.39