Skechers Tax Rate

From the Conf Call:

Our effective tax rate was 28.1% compared with 23.7% in the prior year period. We expect our effective tax rate to be between 22% and 25% for the year.

(This is important. It means the tax rate will be a lot lower in subsequent quarters. If you accept the midpoint rate for the year at 23.5%, this quarter was 4.5% higher, so each of the subsequent three quarters will have to come in an average of 1.5% below 23.5% (or 22%) to give an average rate of 23.5%.)



Good catch, Saul!


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