Skechers Sees 10% Sales Boost Through June Amid Imminent Delisting

Skechers is finalizing its time on the stock exchange. The U.S. footwear company, the third largest in the world, has increased its sales in double digits in the first six months of the year, the last in which it will be listed on the New York Stock Exchange. In early May, the group accepted a takeover offer from investment group 3G Capital, which valued the company at some $9.4 billion and sealed its delisting.

Specifically, Skechers closed the first half (period ended June 30th) with sales of $4.851 billion, 10% more than in the same period of 2024. Gross profit also rose, up 8% to $2.555 billion, despite the company losing some profitability. Through June, Skechers’ gross margin stood at 52.7%, up from 53.7% a year earlier.

Even sharper was the drop in operating margin, which fell from 11.5% to 9% in the first half of this year. The company’s profit did increase in the period, by 7.5%, with earnings of $372.9 million.

Skechers will close its IPO in the third quarter of this year

Wholesale sales contributed 2,833 million dollars to Skechers’ business, 11% more than in the previous year, and a gross result of $1,213 million. In the retail business, meanwhile, Skechers sold $2,018 million, up 8.8% and with a gross profit of $1,342 million dollars.

By markets, the company’s core business remains in the Americas, where Skechers has accumulated sales of $2,217 million through June, 4.6% more than in the same period a year ago. It was in Europe, the Middle East and Africa, however, where the company increased its sales the most, by 29.4% to $1,449 million, while in Asia Skechers grew the least, by 1.4% to $1,184 million.

If the sale goes through, this would be one of the company’s last quarters as a listed company. After accepting the offer from 3G Capital, which already has other giants such as Burger King in its portfolio, in May, the acquisition will be officially completed in the third quarter of this fiscal year.