Sep 12, 2023 / 04:00PM GMT
Abigail Virginia Zvejnieks - Piper Sandler & Co., Research Division - VP & Senior Research Analyst
Okay. Thank you, everyone, so much for joining us. My name is Abbie Zvejnieks, I'm a senior research analyst here at Piper Sandler covering footwear and athletic names.
So I'd like to welcome John Vandemore, CFO of Skechers. I'm sure you all know that Skechers is primarily a footwear business. They generated $7.8 billion in revenue in the last 12 months. And product is available in over 180 countries, and they have over 4,700 stores.
Questions and Answers:
Abigail Virginia Zvejnieks - Piper Sandler & Co., Research Division - VP & Senior Research AnalystSo -- to kick it off, we'll talk about John's favorite topic right now, the state of the U.S. wholesale channel. So obviously, it's been challenging to excess inventory clogging the channel. How are you managing through this period? And when do you think we will reach a more normalized state?
John M. Vandemore - Skechers U.S.A., Inc. - CFO