{"content":[{"text":"February 13, 2013","bbox":{"left":0.098039,"top":0.06867,"width":0.160109,"height":0.016926999999999998}},{"text":"SKECHERS Announces Fourth Quarter \n and Fiscal Year 2012 Financial Results","bbox":{"left":0.098039,"top":0.10609,"width":0.729914,"height":0.068892}},{"text":"Fourth Quarter 2012 Net Sales Increased over 39 Percent to $395.6 Million \n Fiscal Year 2012 Net Sales of $1.560 Billion","bbox":{"left":0.147059,"top":0.196511,"width":0.685805,"height":0.034919000000000006}},{"text":"MANHATTAN BEACH, Calif.--(BUSINESS WIRE)-- SKECHERS USA, Inc. (NYSE:SKX), a \n global leader in lifestyle footwear, today announced financial results for the fourth quarter \n and fiscal year ended December 31, 2012.","bbox":{"left":0.098039,"top":0.247647,"width":0.7853580000000001,"height":0.052912000000000015}},{"text":"Net sales for the fourth quarter of 2012 were $395.6 million compared to $283.2 million in \n the fourth quarter of 2011. Earnings from operations in the fourth quarter of 2012 were $8.0 \n million compared to a loss from operations of $103.1 million in the fourth quarter of 2011. Net \n earnings for the fourth quarter of 2012 were $4.0 million compared to a net loss of $57.7 \n million in the fourth quarter of 2011. Net earnings per diluted share in the fourth quarter of \n 2012 were $0.08 based on 50.3 million weighted average shares outstanding compared to \n net loss per diluted share of $1.18 based on 48.9 million weighted average shares \n outstanding in the fourth quarter of 2011. Gross profit for the fourth quarter of 2012 was \n $168.5 million compared to $112.6 million in the fourth quarter of 2011. Gross margin in the \n fourth quarter 2012 was 42.6 percent versus 39.8 percent for the fourth quarter of 2011. \n Income tax expense was $3.0 million or 44.7 percent for the fourth quarter of 2012.","bbox":{"left":0.098039,"top":0.316776,"width":0.805081,"height":0.19685099999999994}},{"text":"“For the 2012 fourth quarter, sales increased more than 39 percent over the same period in \n 2011 as we saw improvements across all of our revenue channels, including a 72 percent \n increase in our domestic wholesale business,” began David Weinberg, chief operating officer \n and chief financial officer. “This strong domestic wholesale growth plus low double-digit \n positive comp store sales in our company-owned SKECHERS retail stores and a 30 percent \n increase in our international business are evidence of the broad acceptance of our new \n product offerings. With each of our new and established lines driving sales, domestically, \n both our men's and kids’ divisions experienced double-digit growth, while our women's \n division saw triple-digit growth.”","bbox":{"left":0.098039,"top":0.529844,"width":0.8022560000000001,"height":0.1608670000000001}},{"text":"Fiscal year 2012 net sales were $1.560 billion compared to net sales of $1.606 billion in \n 2011. Earnings from operations for 2012 were $22.3 million compared to a loss from \n operations of $133.8 million in 2011. Net earnings for 2012 were $9.5 million compared to a \n net loss of $67.5 million in 2011. Net earnings per diluted share for fiscal year 2012 were \n $0.19 based on 49.9 million weighted average shares outstanding versus a diluted loss per \n share of $1.39 based on 48.5 million weighted average shares outstanding in the prior year. \n Gross profit for 2012 was $683.3 million compared to $623.7 million in 2011. Gross margin \n for 2012 was 43.8 percent versus 38.8 percent for 2011.","bbox":{"left":0.098039,"top":0.706928,"width":0.7944340000000001,"height":0.14287400000000006}},{"text":"Robert Greenberg, SKECHERS chief executive officer, commented, “2012 was a remarkable \n year for SKECHERS. We grew our existing product divisions, broadened our offering to \n consumers with several new product lines, established an award-winning performance \n division and further grew our heritage business. We have taken a more focused approach to","bbox":{"left":0.098039,"top":0.866019,"width":0.8043150000000001,"height":0.07090400000000008}}],"images_bbox":[{"left":0.656863,"top":0.068182,"width":0.245098,"height":0.017045}],"images_bbox_not_text_overlap":[{"left":0.656863,"top":0.068182,"width":0.245098,"height":0.017045}]}