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For its second quarter, wholesale nike free ending June 30 2015, Skechers posted revenue gains of 36 percent and obliterated Wall Street's earnings per share (EPS) estimates of $1.01, posting $1.55 for the quarter.
Under Armour also reported double-digit revenue growth of 29 percent, wholesale cheap nike free bolstered by a 40 percent year-over-year jump in footwear. An increase in selling and general and administrative (SG&A) expenses, however, drove down the firm's profits, cheap nike shoes wholesale free shipping by 17 percent, in the quarter.
Nike — with 14 percent currency-neutral sales wholesale nike free china growth to $8.4 billion — and Foot Locker, with a 29 percent rise in net income and 10 percent comp growth — buoyed analysts looking ahead to the second half.
A few companies also showed significant turnaround potential in the recent quarter. After an earnings miss in Q1, Nashville, Tenn.-based Genesco Inc. surprised Wall Street with a sizeable Q2 comeback.
Despite macro headwinds, Genesco pulled off a 7 percent comparable-sales gain in the second quarter, with a 4 percent increase at Journeys and an 8 percent rise at previously faltering Lids Sports Group wholesale nike shoes free shipping. Net earnings also rose substantially, by 60 percent, to $7.5 million.
Steve Madden Ltd. continued to garner attention for driving renewed interest in the fashion-footwear space — posting a modest Q2 Wall Street beat driven by better-than-expected retail sales and improved gross margins wholesale nike free shoes. It's net income however, was down year-over-year and sales in the company's wholesale footwear business — excluding acquisitions — were also down.
Market watchers have also been markedly more upbeat about Dick's Sporting Goods in recent months. The Pittsburgh-based firm saw double-digit gains in net income and an 8 percent jump in revenues in the second quarter, from china wholesale nike free due mostly to its omnichannel efforts, the company said.