Footwear and athletic brand Skechers reported record sales of $2.35 billion for Q3 2024, marking a 15.9% increase year-on-year.

Growth was driven by a 20.6% increase in wholesale sales and a 9.6% rise in direct-to-consumer revenue, with international sales up 16% and domestic sales increasing by 15%. Regional highlights included a 30% growth in EMEA, 14% in the Americas, and 7% in Asia Pacific.

Chief Executive Robert Greenberg attributed Skechers' success to providing “the right product at the right price” across both retail and direct-to-consumer channels, noting the brand’s focus on style, comfort, quality, and innovation.

Operating expenses rose due to increased labour and facility costs, though operating income climbed by 9.5% to $233.4 million. Skechers stated that its emphasis on new product lines and expanded global marketing is intended to support sustained growth.