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SKECHERS Skechers Announces Third Quarter 2021 Financial Results October 28 , 2021 LOS ANGELES -- ( BUSINESS WIRE ) -- SKECHERS U.S.A. , Inc. ( “ Skechers " or the " Company " ) ( NYSE : SKX ) , The Comfort Technology CompanyTM and a global footwear leader , today announced financial results for the third quarter ended September 30 , 2021 . Third Quarter Highlights • Sales of $ 1.55 billion , a year - over - year increase of 19.2 % • Direct - to - Consumer sales grew 44.1 % and wholesale sales grew 10.5 % • Diluted earnings per share of $ 0.66 , a year - over - year increase of 61.0 % • Cash , cash equivalents and investments of $ 1.18 billion " Skechers achieved a new third quarter sales record surpassing $ 1.5 billion for the period , a remarkable achievement given the on - going supply chain disruptions , " began David Weinberg , Chief Operating Officer of Skechers . " The record quarter was the result of double - digit improvements in both our domestic and international businesses compared to the third quarter 2020 , reflecting the relevancy of our product globally and a normalizing retail environment . Traffic increased in our Skechers stores , and we achieved growth of 44.1 % and significantly higher gross margins in our Direct - to - Consumer business . Our Domestic and International Wholesale businesses both grew over 10 % , an achievement given the global logistical challenges . The increases in International Wholesale came largely from double - digit increases in our Distributor sales , and strong performance in markets like China and India . As we look to the fourth quarter and into the first half of 2022 , we believe supply chain constraints will remain a challenge , although we are beginning to see progress in key global ports , especially in Europe and other international markets . Nonetheless , we are proud of the execution of our global team to deliver our comfort technology footwear to retail stores and our partners around the world to meet the strong demand for Skechers products . " " Comfort and technology remain at the core of who we are and why Skechers continues to be a leading global footwear brand . We offer signature comfort across the entire Skechers catalog , incorporating innovation , style and quality at a reasonable price . Supply chain constraints challenged our normal delivery speeds , but our teams worked tirelessly to move inventory as quickly as possible , delivering to our stores and partners in an effort to keep up with the demand , " stated Robert Greenberg , Chief Executive Officer of Skechers . " While we supported our business with pervasive advertising campaigns globally , we also focused on developing new product , creating what we believe is our strongest offering yet . This includes a growing seasonal collection , with styles comprised of recycled materials and building on our Fit offerings with consumers ' comfort in mind . Our accomplishments were many during the quarter - including remaining the third largest athletic footwear company in the world and achieving a new quarterly sales record for the period . That said , we believe the best is yet to come for Skechers . "