Skechers U.S.A.

Skechers U.S.A., Inc. engages in designing, development, and marketing of lifestyle footwear for men, women, and children of all ages. It operates through the following segments: Domestic Wholesale, International Wholesale, and Direct-to-Consumer. The Domestic Wholesale segment distributes footwear through the local wholesale distribution channels including department stores, specialty stores, athletic specialty shoe stores and independent retailers, as well as catalog and internet retailers. The International Wholesale segment includes international direct subsidiary and international distributor sales. The Direct-to-Consumer segment refers to e-commerce which operates through the concept stores, factory outlet stores, and warehouse outlet stores. The company was founded by Robert Greenberg and Michael Greenberg in 1992 and is headquartered in Manhattan Beach, CA.

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Skechers reports record sales in 2022, eyes margin improvement

Skechers delivered record sales in 2022, overcoming obstacles to achieve strong growth. While facing challenges in the first half of 2023, the company remains optimistic about opportunities for growth and margin improvement in the latter half of the year.

Skechers U.S.A. (SKX) beats Q1 expectations, eyes China growth

Skechers U.S.A. (SKX) exceeded Q1 expectations with strong sales and earnings growth, driven by international and direct-to-consumer segments. While facing challenges in U.S. wholesale inventory management, the company is optimistic about growth opportunities in China and margin improvements in the back half of the year.

Skechers U.S.A. reports record sales and eyes 10 billion target

Skechers U.S.A. posted strong financials with an 8% sales increase year-over-year and a 69% rise in earnings per share. Full-year guidance projects sales between 7.95 billion to 8.1 billion and net earnings per diluted share between $3.25 to $3.40.

Skechers achieves record sales and margins, eyes global expansion

Skechers delivered robust financial performance in Q3 2023, driven by record sales, margin improvement, and strategic inventory management. Challenges include wholesale customer concerns and inventory reordering issues, prompting adjustments in strategy. The company is well-positioned to capitalize on opportunities in collaborations, direct-to-consumer growth, and global expansion.

Skechers achieves record sales in 2023, eyes global growth opportunities

Skechers reported strong financial performance with record sales and gross margin in 2023. The company is strategically expanding product categories and partnerships while focusing on operational efficiency. Challenges include distributor sales pressure and sustaining direct-to-consumer growth.

Skechers reports record Q1 sales, eyes global expansion opportunities

Skechers delivered a robust performance in Q1 2024, with strong sales growth, margin expansion, and strategic investments in store expansion and logistics. While facing challenges in regulatory environments and technology rollout, the company remains optimistic about growth prospects, particularly in international markets and through direct-to-consumer channels.

Skechers achieves record sales in Q2 2024, sets ambitious growth targets

Skechers' Q2 2024 performance showcased strong sales growth, driven by global demand for comfort and innovative products. The company's focus on expanding direct-to-consumer channels and improving margins positions it well for future success.

Skechers achieves record sales in Q3 2024, eyes global expansion

Skechers' Q3 performance reflects strong sales growth, particularly in international markets, despite challenges in China. The company's strategic focus on product innovation and retail expansion positions it well for continued success. With a solid financial outlook for 2024, Skechers is poised for sustained growth and profitability.

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Skechers U.S.A., Inc. engages in designing, development, and marketing of lifestyle footwear for men, women, and children of all ages. It operates through the Wholesale and Direct-to-Consumer segment. The Wholesale segment includes department stores, family shoe stores, specialty running, and sporting goods retailers. The Direct-to-Consumer segment is involved in selling directly to consumers through a combination of channels. The company was founded by Robert Greenberg and Michael Greenberg in 1992 and is headquartered in Manhattan Beach, CA.

Skechers USA (NYSE:SKX ) Q2 2024 Earnings Conference Call July 25, 2024 4:30 PM ET Company Participants Jarred Dahlerbruch - Senior Product Manager David Weinberg - Chief Financial Officer John Vandemore - Independent Director Conference Call Participants Jay Sole - UBS Group Laurent Vasilescu - BNP Paribas Peter McGoldrick - Stifel John Kernan - TD Cowen Alex Straton - Morgan Stanley & Co Rick Patel - Raymond James Jesalyn Wong - Evercore Will Gartner - Wells Fargo Securities Krisztina Katai - Deutsche Bank Chris Nardone - Bank of America Merrill Lynch Tom Nikic - Wedbush Securities Operator Greetings, and welcome to Skechers' second-quarter 2024 earnings conference call. [Operator Instructions].

Skechers USA, Inc. (SKX) Q2 2024 Earnings Call Transcript

The headline numbers for Skechers (SKX) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Skechers (SKX) Reports Q2 Earnings: What Key Metrics Have to Say

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Skechers (SKX) came out with quarterly earnings of $0.91 per share, missing the Zacks Consensus Estimate of $0.94 per share. This compares to earnings of $0.98 per share a year ago.

Skechers (SKX) Misses Q2 Earnings and Revenue Estimates

Shares of Skechers USA Inc. rose after hours on Thursday after the comfort-footwear maker announced a $1 billion buyback and bumped its full-year profit outlook higher, as retailers stocked up on Skechers shoes and the company made gains abroad.

Skechers shares rise on $1 billion buyback, more upbeat outlook

LOS ANGELES--(BUSINESS WIRE)--Skechers U.S.A., Inc. (“Skechers” or the “Company”) (NYSE:SKX), The Comfort Technology CompanyTM and a global footwear leader, today announced financial results for the second quarter ended June 30, 2024. Second Quarter Highlights Record second quarter sales of $2.16 billion, a 7.2% increase, and constant currency sales of $2.19 billion, an 8.7% increase Direct-to-Consumer sales grew 9.2% Wholesale sales grew 5.5% Diluted earnings per share of $0.91 New $1 billion.

Skechers Announces Second Quarter 2024 Financial Results and Board Authorized $1 Billion Share Repurchase Program

Skechers U.S.A., Inc. SKX will release its second quarter financial results, after the closing bell on Thursday, July 25.

Skechers Gears Up For Q2 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

With both having a special niche in regard to footwear, let's see why now is a good time to buy Deckers Outdoor (DECK) and Skechers (SKX) stock.

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Following some soft results from Nike, some have begun pointing to consumer weakness. However, these two companies have experienced quite the opposite.

Consumer Strength Fuels Record Results for These 2 Companies

Skechers' (SKX) success in international markets reflects its ability to adapt to diverse consumer preferences and capitalize on emerging trends.

Skechers (SKX) to Post Q2 Earnings: What Awaits the Stock?

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Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Skechers (SKX), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended June 2024.

Skechers (SKX) Q2 Earnings Preview: What You Should Know Beyond the Headline Estimates

Skechers (SKX) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.

Here is What to Know Beyond Why Skechers U.S.A., Inc. (SKX) is a Trending Stock

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LOS ANGELES--(BUSINESS WIRE)--Skechers will be hitting the sand in the City of Lights as American beach volleyball pros Andy Benesh and Miles Partain compete for a medal and glory in the brand's performance apparel and headwear. Their new game-day uniforms include Skechers-branded hats, tank tops and shorts crafted with innovative and comfortable Skechers performance materials. “I was raised and played volleyball in LA's South Bay, steps from where Skechers is based. Having grown up with the br.

Beach Volleyball Pros Andy Benesh and Miles Partain Join Skechers Roster

LL Bean has been sued by footwear maker Skechers USA , which accused the clothing and outdoor gear company of illegally copying its shoes, which have sold in the millions.

Skechers sues LL Bean for copying shoe design

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?

Skechers (SKX) Is Considered a Good Investment by Brokers: Is That True?

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Skechers (SKX) closed the most recent trading day at $67.90, moving +1.77% from the previous trading session.

Skechers (SKX) Advances While Market Declines: Some Information for Investors

Skechers (SKX) is well positioned to outperform the market, as it exhibits above-average growth in financials.

Here is Why Growth Investors Should Buy Skechers (SKX) Now

Skechers (SKX) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

Skechers (SKX) Upgraded to Strong Buy: Here's Why

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BofA Securities analyst Christopher Nardone has previewed the expected performance of footwear companies in the upcoming earning season.

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Skechers (SKX) fortifies its market position through strategic brand diversification, digital advancements and global expansion, signaling robust growth potential and maintaining industry leadership.

News for Skechers U.S.A. Stock (SKX)