3 Takeaways From Skechers' Q3 Earnings

Skechers (NYSE: SKX) reported third-quarter adjusted earnings per share of $0.53 last week on revenue of $1.3 billion, above consensus projections of $0.36 EPS on $1.2 billion in revenue. The company saw a nice increase in revenue of 78.3% quarter over quarter, driven by strong sales in e-commerce and at its reopened big-box stores. While the quarter saw a monthly sequential improvement in revenue and management is confident about an ongoing recovery, Skechers declined to give guidance.

Here's a deeper dive into the consumer discretionary company's third-quarter earnings and three takeaways for potential investors to consider.

Image source: Skechers.

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Source Fool.com