The company blamed the loss of US$66.7mln, or loss of 43 US cents a share, from a profit of US$6.7mln, or 4 US cents a share, from a year earlier to the recently passed US tax reform.
Revenue beats market expectations
It highlighted that its international wholesale business saw a 40.2% growth during the quarter.
On an adjusted basis, the company earned 21 US cents a share.
Revenue grew to US$970.6mln from US$764.3mln, against the market’s expectations for earnings of 13 US cents a share on revenue of US$881mln.
“2017 was a monumental year for Skechers as we achieved sales of more than $4 billion for the first time in our 25-year history,” said Robert Greenberg, Skechers chief executive officer in a statement on Thursday.
The company now has stores in 2,570 locations at year-end.
Its shares rose 7.88% at US$41.97 in early trade.