Skechers USA Inc (SKX)

Gross profit margin

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Gross profit US$ in thousands 4,152,400 3,515,360 3,124,370 2,205,800 2,491,160
Revenue US$ in thousands 7,996,430 7,427,220 6,267,980 4,594,940 5,210,430
Gross profit margin 51.93% 47.33% 49.85% 48.00% 47.81%

December 31, 2023 calculation

Gross profit margin = Gross profit ÷ Revenue
= $4,152,400K ÷ $7,996,430K
= 51.93%

Over the past five years, Skechers U S A, Inc. has displayed varying trends in its gross profit margin. In 2023, the gross profit margin reached 51.90%, showing a notable increase compared to the previous year's margin of 47.22%. This improvement suggests that the company was able to generate more revenue from its products after accounting for the cost of goods sold.

In 2021, the gross profit margin was at 49.31%, which was higher than both 2020 and 2019. This indicates that the company was effectively managing its production costs and maintaining a healthy margin on its products during that period.

Although there was a slight dip in the gross profit margin in 2020 to 47.63%, Skechers U S A, Inc. was able to recover and even surpass that margin in the subsequent years.

Overall, the fluctuation in the gross profit margin of Skechers U S A, Inc. reflects the company's ability to adapt to changing market conditions and manage its cost structure to sustain profitability over time.


Peer comparison

Dec 31, 2023

Company name
Symbol
Gross profit margin
Skechers USA Inc
SKX
51.93%
Caleres Inc
CAL
44.86%
Steven Madden Ltd
SHOO
42.01%
Wolverine World Wide Inc
WWW
38.90%