billion, margins. good quarter durable an financial of in XX%, Thank afternoon, continued momentum third driven everyone. $X.XX with record strong delivered of $X.XX, share sales performance growth you, domestic per and wholesale gross Skechers across by up and earnings international increase and of XX%; segments, David,
quarter our value consumers, challenges demonstrates of continues brand and attract the combined and portfolio fortifying innovative a products, diverse industry. comfort the preferred within Skechers Our distinctive proposition impressive faced to during the Skechers with are brand. we the results technology of the particularly as engage resilience These considering
for quarter. where China, on macroeconomic below impact the expectations the documented. Let X.X% Sales pressures initial in which me was declined and are address well consumer market its year-over-year, our the
team Singles plans the to responded we and modest the near-term our by year, Our of adjusting navigate for uncertain Day. expectations including has talented situation the balance have local
an chain saw several built address optimistic particularly Over confident fruit. we in the challenge, improvement and opportunities our this marked bore in the contrast in In where of China remain supply international about to years, Europe, our and incredible this to delays mitigation Skechers strategies in brand we for long-term market. businesses, have
We last where turnaround led and collaboration also suppliers in rebound meaningful regulators saw India results. from a continued local the team, between quarter's our a to
Overall, our we is our talented and a quarter teams. brand, in diversification of sales by double-digit strength testament global of the the effectiveness the to growth believe the our our nimble execution
that in holiday maintained expect observing sales. similar while results, on direct-to-consumer. in Sales grew the growth fourth key a XXX.X period X.X% a to year-over-year recognizing retail store on both XX% across X.X% direct-to-consumer of quarter, in trends last traffic, million. yielded most in We Turning growth increases key gradual we early channels top International was sales retail ahead. with e-commerce remains the stable Based improvement by which to growing increased e-commerce XX% markets. Domestic year. and driver,
our In region leading million versus Domestic consumer or double-digit robust appetite the increased for year, capacity sales million, and across the $XXX Comfort wholesale $X.XX to our to wholesale technology in every products. results increased the reflecting customers in grew demand increased XX% China. or International wholesale $XXX.X to solid prior of wholesale, XX% globe, embrace the brand driven consumer when sales growth excluding year-over-year our by billion. XX% sales
trends booking deliver fourth continue results, the will results wholesale we early quarter. and upon Based strong through anticipate to
wholesale. the continued third billion year-over-year In continued driven sales demonstrating markets, XX% our product. Now in consumer our for domestic for business all sales. by $X.XX impressively grew The demand Americas also direct-to-consumer across to turning momentum regional the Americas, quarter to increased nearly
exhibited in our driven from nearly XX% driven increased consumer demand wholesale both million, strong growth sales in availability. every $XXX.X to product EMEA, channels benefiting growth wholesale businesses. and by outstanding year-over-year market, and improved direct-to-consumer In by All double-digit
results In X.X% to China. million, by the Asia $XXX aforementioned with prior year in sales challenges versus the Pacific, increased impacted
from percentage year, basis a of sales sales as selling to most the higher Gross broad basis in average price margin due XX turnaround channels points XX an reflecting levels a year-over-year points decreased as to XX%, XX.X%, compared in markets. in expenses grew China, of impressive strength India a certain to primarily activity slightly well down prior remarkable across Operating promotional markets. lower was XX.X%. Excluding as
Selling to expenses a basis of year X%. as versus percentage increased last points XX sales
and the As comfort latest new brand-building on increasing and mentioned awareness technologies in largely for our prior spend categories. quarters, was focused investments higher
the with quarter year. primarily increased sales was XX.X% interest operating rates points the to income. favorable realized foreign and $XX.X of compared compared million was Earnings increase exchange and million, and as X.X% General currency by the increase in the distribution efficiencies expenses basis to administrative of $XX.X for of driven $XXX.X by XX.X% last prior prior year, year, XX X.X% margin our million, driven were compared from income leverage operations percentage to a an Other an to network. decreased
XX.X% XXX.X was to allowances Earnings to XX.X% quarter prior Our a in XX% and effective provision diluted prior compared other third tax $X.XX rate release per million the the reflecting were year compared on share increase certain average the of shares for diluted outstanding. weighted the year, share, adjustments. per
turning compared believe will improve. to And million inventory to China be remedied sheet. now XX% as particularly market constraints of the prior in conditions supply from increase $X.XX Inventory increase $XXX.X in-transit and stabilize in levels resulted to continue our EMEA, higher was billion, inventory, and The or we balance elevated chain an year. which
$X.XX and Accounts were million revolving cash, year, billion maintained the cash ended prior investments $XXX.X when sales. receivable of the increase equivalents and higher end reflecting an $X.X facility. of to wholesale credit liquidity in billion, quarter including with our at quarter We billion $X.XX compared
and quarter expenditures new of for $XX.X store $XX.X investments million which for for $XX.X were infrastructure. to technologies, our direct-to-consumer the $XXX.X million, our million million openings expansion related the in offices of enhancing our and distribution corporate Capital
focused capital maintaining globally. strategic segment and growing presence priorities, expanding our on investments capabilities, Our our best-in-class are supporting include which our brand distribution direct-to-consumer our
repurchased approximately million. A stock of X.X a Class cost our we shares at quarter, $XX of million the During common
ample We our capital deploy durable continue while philosophy, with our balance stated liquidity. to and consistent sheet maintaining a
guidance. turning Now to
respectively, $X.XX share of in of in implies expect $X.XXX billion fourth billion to growth the and $X.XX $X.XXX diluted we XX% and range range at the XX%, the range earnings of of $X.XX, share midpoint. per quarter For the representing annual of to sales to $X.XXX the sales XXXX, diluted This billion, $X.XX. $X.XXX billion, year full in and in the range per to earnings
grow are and the year expenditures interest tax XX% sales. the be to expected XX%, anticipated and be for million for to and year. effective rate with between to is total $XXX minority Our line million expected between is in $XXX Capital
delivering and $XX and by growth. profitable XXXX, We remain billion committed in to sustainable, sales achieving long-term
look and February which today on time Thursday, to X, your to fourth for expect all XXXX. forward our results, updating you quarter thank We release you on we
I that, closing to David for turn call the over will remarks. With now
