Advertisement

Earnings Roundup / Skechers Usa

Footwear maker swings to a loss

February 19, 2009|Times Wire Reports

Footwear maker Skechers USA Inc. swung to a loss in its fourth quarter as the company slashed prices to unload inventory.

The Manhattan Beach company posted a loss of $20.4 million, or 44 cents a share, compared with a profit of $12.1 million, or 26 cents, a year earlier. Revenue fell 1% to $298.1 million.

Skechers shares fell 8 cents to $6.92.

Advertisement
Los Angeles Times Articles
|
|
|