moncler coats for cheap SKECHERS USA SKX Q4 2017 Results moncler coats for cheap
discount moncler outlet Sign in / Join NowGreetings and welcome to the SKECHERS Q4 and Full Year 2017 Earnings Conference Call. At this time, all participants are in a listen only mode. A question and answer session will follow the formal presentation. As a reminder, this conference is being recorded.I’d now like to turn the conference over to SKECHERS.Thank you, everyone for joining us on SKECHERS conference call today. I will now read the Safe Harbor statement. Certain statements contained herein including, without moncler uk outlet limitation, statements addressing the beliefs, plans, objectives, estimates or expectations of the company or future results or events may constitute forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 as amended.Such forward looking statements involve known and unknown risks including, but not limited moncler online store to, global, national and local economic, business and market conditions in general and specifically as they apply cheap moncler sale to the retail industry and the company. There can be no assurance that the actual future results, performance or achievements expressed or implied by such forward looking statements will occur. Securities and Exchange Commission, including the most recent annual report on Form 10 K, quarterly reports on Form 10 Q, current reports on Form 8 K and all other reports filed with the SEC as required by federal securities laws cheap moncler jackets for a description of all other significant risk factors that may affect the company’s business, results of operations and financial conditions.With that, https://www.thebeastmark.com I would like to uk moncler outlet turn the call over to SKECHERS Chief Operating Officer, David Weinberg; and Chief Financial Officer, John Vandemore. David?David Weinberg SKECHERS USA, Inc.Good afternoon, and thank you for joining us today to review SKECHERS fourth quarter and year end 2017 financial results. Joining me on the call today is John Vandemore, SKECHERS new Chief Financial Officer, who will discuss our financial results in detail.Fourth quarter sales increased 27% to $970.6 million and full year sales increased 16.9% to $4.16 billion. Both record sales achievements which are a testament moncler outlet online to the strength and relevance moncler outlet sale of our product, marketing and brand worldwide and are focused on building our global infrastructure.Fourth quarter highlights include a 40.2% sales increase in our international wholesale business, primarily due to significant double digit gains moncler outlet prices in our key subsidiary and joint venture countries including China and a triple digit gain in several subsidiary markets; international wholesale and retail growing to 52.6% of our total business in the quarter; a discount moncler jackets 25.8% sales increase on a worldwide company owned retail stores with comparable same store sales of 12% globally; domestic wholesale gains of 11.6% with an increase in pairs shipped of 13.9%; maintaining our position in the United States as the number one walking, work, and casual lifestyle footwear brand and the number two casual moncler outlet athletic brand and women’s footwear brand; and a strong balance sheet with $736.4 million in cash and cash equivalents, or approximately $4.70 per diluted share.Full year highlights include growing annual sales to more than $4 billion through four consecutive record quarters and double digit growth across our three distribution channels and expanding our global retail footprint to 2,570 company and third party owned SKECHERS stores, including the net addition of 142 stores in the quarter.Now turning to our business channels in detail. Our domestic wholesale business increased 11.6% for the fourth quarter and 4.1% for the year. The quarterly growth was the result of a 13.9% increase in pairs shipped and a 2% decrease in average price per pair, primarily due to the product mix and strength of several collection that have lower average selling price.Our men’s and women’s footwear achieved double digit moncler sale outlet growth in the quarter. Our Kids business was uk moncler sale flat for the period, but increased 6.4% for the full year. We believe that the fourth quarter results in our moncler womens jackets Kids business was due to a timing issue as we were up 37.9% in the third quarter, in part to moncler sale online prepare for the holiday selling season.The growth in our men’s and women’s businesses was across multiple lines including GO, On the GO, GOLF, casuals and work, among others. Men’s Sport also performed extremely well. For the holiday period, we ran several digital and television campaigns including product focused spots for SKECHERS GOwalk Joy, Skech Knit, cheap moncler jackets womens Mark Nason, and Kids’ lighted footwear.We also ran campaigns for our Sport and Relaxed Fit footwear, featuring our brand ambassadors, Sugar Ray Leonard and Howie Long, who also appeared on our Super Bowl campaign this year. We also launched a new campaign in English and Spanish with baseball legend David Ortiz. Targeting teens and young women, we ran our Camila Cabello’s SKECHERS campaign both on TV and on social media. Camila released her debut solo album last month and broke records with her moncler outlet woodbury albums number one position in more than 100 markets within 24 hours of its release. Also, in the fourth quarter, SKECHERS’ ambassador Meb completed the final race of the story career.At 42, the beloved marathoner placed 11th at the New York Marathon wearing SKECHERS Performance footwear. Meb will continue to work with SKECHERS Performance team as he has done over the past six years. We ended the year again as the leading, walking, work and casual lifestyle and casual dress footwear brand, and the second largest casual athletic footwear brand. With the resurgence in retro styling and our heritage footwear lines, we believe our domestic business will remain strong as consumers seek comfort and style at a compelling price.International wholesale remains our biggest distribution channel, representing moncler usa 41.5% of our total sales for the year, while international wholesale and retail combined represented 50.6% for the same period.Total international wholesale sales increased by 40.2%, or $116.4 million in the fourth quarter and 24.3% or $338.7 million for the full year. The quarterly increases were the result of 53.6% growth in our subsidiary moncler sale and joint venture businesses and 3.1% growth in our distributor business. The quarterly growth is attributable to double cheap moncler coats mens digit increases in nearly every subsidiary and joint venture market as well as double digit growth in several of our key distributors, including Australia, New Zealand, the Philippines, Russia and Turkey, and triple digit gains in Ukraine.Additionally, several countries experienced pull forward into the fourth quarter to ensure timely spring deliveries. We best moncler jackets were also able to achieve the international increases within our distributor business despite continued unrest in the Middle East, which negatively impacted results for the region for 2017.Further detailing our growth internationally, for the quarter our wholly owned international subsidiary business grew by 41.8% thebeastmark.com and our joint venture sales grew by 58.9%. The markets with the highest dollar gains were China, South Korea and the UK, and those with the highest percentage gains were Italy and Spain.China shipped 5.2 million pairs in the quarter and 17 million for the full year. This includes 1.4 million pairs for Single’s Day, which is an increase of 76% over last year. China opened 74 freestanding SKECHERS retail stores primarily through franchisees and with the closing of 10, they ended the fourth quarter with 796 SKECHERS stores. At quarter end, we had approximately 2,446 points of sale in China and the strong e commerce business which grew double digits in the fourth quarter. At year end there were 19,025 SKECHERS branded stores owned and operated by international distribution partners, joint ventures and a growing network of franchisees.In the fourth quarter, 146 third party owned stores opened, which include the already mentioned 74 in China as well as 22 in India, 7 in Indonesia, 5 each in Australia, Singapore, Thailand and Turkey, 3 in Spain, 2 each in France, Malaysia and Portugal and 1 each in Brazil, Denmark, Estonia, Hong Kong, Lebanon, New Zealand, Paraguay, the Philippines, St. Lucia, Switzerland, Ukraine and the UAE.12 third party owned SKECHERS stores have opened in the first quarter to date including 8 in India, bringing the total third party stores to 1,937. We expect another 500 to 525 third party owned SKECHERS branded stores to open in 2018.Our international business remains the biggest growth cheap moncler jackets mens opportunity and we believe it will continue to grow at a faster pace than that of our domestic businesses. In our global company owned retail business, sales increased 25.8% for the fourth quarter and 21.9% for the full year. The fourth quarter gains were the result of a 15.2% increase in our domestic retail stores and a 53.5% increase in our international retail stores. This included positive comp store sales of 10.5% domestically and 16.5% internationally for a combined total comp store sales increase of 12% in the quarter.At quarter end we had 645 company owned SKECHERS retail stores of which 196 were outside the United moncler outlet store States. In the fourth quarter we opened 22 stores including an 18,000 square foot superstore in Tucson. Nine of the company owned stores opened in our subsidiary; these included three in the United Kingdom; two each in Peru and Japan; and one each in Chile and Italy discount moncler outlet.