Skechers quietly released its second quarter earnings after the market closed on Friday as the company continues its work to go private.

The Manhattan Beach, Calif.-based footwear company reported net sales in the second quarter of fiscal 2025 of $2.44 billion, a 13.1 percent increase from $2.16 billion the same time last year.

These results beat analyst expectations, which called for net sales between $2.3 billion and $2.38 billion in Q2, according to Yahoo Finance.

Skechers noted that the second quarter’s net sales include a favorable impact due to foreign currency exchange rates of $33.9 million. The company also said that its wholesale sales grew 15.0 percent in Q2, while its direct-to-consumer sales increased 11.0 percent in the period.

Net earnings also increased in Q2 to

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