Skechers USA Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, net sales were $451,621,000 compared to $351,274,000 a year ago. Earnings from operations were $15,338,000 compared to loss from operations of $4,394,000 a year ago. Earnings before income tax expense was $9,866,000 compared to loss before income tax expense of $7,255,000 a year ago. Net earnings were $7,588,000 compared to net loss of $3,410,000 a year ago. Net earnings attributable to the company was $6,680,000 or $0.13 basic and diluted per share compared to net loss attributable to company of $3,666,000 or $0.07 basic and diluted per share a year ago. Capital expenditures for the first quarter were approximately $7.8 million, which primarily consisted of new store openings and several store remodels. The company anticipates closing 5 stores in the second quarter, while opening an additional 3. For the remainder of the year, the company expects to open another 28 to 32 stores. Already in the second quarter, the company distributors and JVs opened an additional 12 stores, with another 20 on plan for the balance of this quarter. 5 stores closed in the first quarter, 1 in Indonesia and 4 in Russia. 1 store in Singapore closed in the second quarter.

A federal judge approved a $40 million class-action settlement on May 13, 2013, between Skechers USA Inc. and consumers who bought toning shoes after ads made unfounded claims that the footwear would help people lose weight and strengthen muscles. U.S. District Judge Thomas B. Russell in Louisville approved the deal, which covers more than 520,000 claims. About 1,000 people eligible for coverage by the settlement opted not to take part. Those with approved claims will be able to get a maximum repayment for their purchase up to $80 per pair of shape-ups; $84 per pair of resistance runner shoes; up to $54 per pair of podded sole shoes; and $40 per pair of Tone-Ups. Russell also awarded $5 million for the attorneys in the case to split. Russell ordered that the money cannot come from the $40 million settlement fund set aside for consumers.

On 05/10/2013, Skechers USA Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.