Skech'S Sales In The First Three Quarters Amounted To US $3 Billion 889 Million.

Cage announced the three quarterly report in 2019. In the first 9 months of 2019, Cage realized sales of $3 billion 889 million, an increase of 9.2%, an increase of 11.9% according to fixed exchange rate, a net profit of 287 million US dollars during the period, and a 1.86 share of diluted earnings per share. According to the constant exchange rate, the diluted earnings per share were 1.96 dollars, up 21%.

In addition, the general and administrative expenses increased by US $84 million 700 thousand in the first 9 months of Cage, which was mainly invested in 37 self operated shops and expanded in international business. The operating income increased by 70 million 300 thousand US dollars to 424 million 400 thousand US dollars, an increase of 19.9%. Skech expects sales in the fourth quarter of 2019 to remain between $1 billion 225 million -12.5 and $0.35-0.40 per diluted share.

The results showed that Cage sold $1 billion 354 million in the three quarter, an increase of 15.1% compared to the same period last year. Sales of international business increased by 21.9%., while same store sales grew 7.7% over the same period last year, of which the US grew 6.8%, the international growth rate was 9.9%, and international sales accounted for 58.8%. Skech has entered China for 11 years, and as of November this year, it has 2600 offline stores in China.