• Q3 net profit US$26.8m, versus $11m
  • Net sales surge 20.1% to $515.8m
  • Owned retail comps up 16.9%

Footwear business Skechers USA continued its recent growth by more than doubling third quarter profit, thanks to a 20%-plus revenue increase and impressive comparable store sales.

Gross profit was up to 44.7% in the three months to 30 September from 43.7% a year ago, and the company said its combined domestic and international backlogs were up 19.7%.

“The momentum we experienced in the first half of the year continued through the third quarter,” said David Weinberg, Skechers COO and CFO.

“This growth was the result of strong product demand across our men’s, women’s and kids’ collections, which drove double-digit increases in net sales in our domestic wholesale and domestic and international company-owned retail businesses, as well as single-digit improvements in our international wholesale business.”