Profile
Sector:
Consumer CyclicalIndustry:
Footwear & AccessoriesCountry:
United StatesIPO:
09 June 1999Website:
http://www.skechers.comNext earnings report:
31 January 2025Last dividends:
N/ANext dividends:
N/APrice
after hours | Fri, 01 Nov 2024 21:35:39 GMTDividend
Analysts recommendations
Institutional Ownership
SKX Latest News
Skechers (SKX) possesses solid growth attributes, which could help it handily outperform the market.
Retailer Skechers USA (SKX) has taken an 8.2% haircut this quarter, which has resulted in the stock breaching its year-to-date breakeven level. Now trading at $61.59, the shares are a ways off their June 12 record highs of $75.09.
Investors with an interest in Shoes and Retail Apparel stocks have likely encountered both Skechers (SKX) and Birkenstock (BIRK). But which of these two stocks offers value investors a better bang for their buck right now?
Skechers U.S.A., Inc. posted 16% YoY growth in 3Q24, driven by strong U.S. wholesale performance, and expects a positive holiday season despite challenges in China. The company has built a strong value brand with a wide retail footprint, leveraging licensees for operational flexibility and reduced CAPEX risk. Skechers' valuation appears low at 14x FY24E earnings, but concerns over cyclicality and high margins suggest it is fairly valued, not a screaming buy.
Skechers U.S.A., Inc. reported strong Q3 results with 15.9% revenue growth as the company's brand ambassador marketing has paid off. The footwear industry has been weak due to weak consumer spending, underlining the strength of Skechers' growth. Despite the great performance, SKX stock has remained stagnant, highlighting a remaining undervaluation.
Skechers (SKX) on Friday reported better-than-expected quarterly results and raised its outlook for the year.
While the top- and bottom-line numbers for Skechers (SKX) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Skechers U.S.A., Inc. (NYSE:SKX ) Q3 2024 Earnings Conference Call October 24, 2024 4:30 PM ET Company Participants Melissa Tankersley - Digital Marketing Manager David Weinberg - Chief Operating Officer John Vandemore - Chief Financial Officer Conference Call Participants Jay Sole - UBS Laurent Vasilescu - BNP Paribas Jim Duffy - Stifel Alex Straton - Morgan Stanley Chris Nardone - Bank of America Krisztina Katai - Deutsche Bank Krista Zuber - TD Cowen Paul Kearney - Barclays Jesalyn Wong - Evercore Operator Greetings, and welcome to Skechers Third Quarter 2024 Earnings Conference Call.
Skechers (SKX) came out with quarterly earnings of $1.26 per share, beating the Zacks Consensus Estimate of $1.15 per share. This compares to earnings of $0.93 per share a year ago.
Skechers' focus on product innovation, strategic partnerships and DTC expansion is likely to favorably impact third-quarter results.
What type of business is Skechers USA?
Skechers U.S.A. is a company that designs and sells casual footwear under the Skechers brand for men, women, and children, as well as athletic footwear for men and women under the Skechers Performance brand. The company also offers clothing, accessories, eyewear, scrubs, and other products. The company operates in three segments: Domestic Wholesale Sales, International Wholesale Sales, and Retail Sales, including sales through the website. The company's signature brands include Skechers USA, Skechers Sport, Skechers Active, and Skechers Sport Active. The Performance Brands category includes Skechers Performance, Skechers Kids, and Skechers Work. The company was founded in 1992 and is headquartered in Manhattan Beach, California.
What sector is Skechers USA in?
Skechers USA is in the Consumer Cyclical sector
What industry is Skechers USA in?
Skechers USA is in the Footwear & Accessories industry
What country is Skechers USA from?
Skechers USA is headquartered in United States
When did Skechers USA go public?
Skechers USA initial public offering (IPO) was on 09 June 1999
What is Skechers USA website?
https://www.skechers.com
Is Skechers USA in the S&P 500?
No, Skechers USA is not included in the S&P 500 index
Is Skechers USA in the NASDAQ 100?
No, Skechers USA is not included in the NASDAQ 100 index
Is Skechers USA in the Dow Jones?
No, Skechers USA is not included in the Dow Jones index
When was Skechers USA the previous earnings report?
No data
When does Skechers USA earnings report?
The next expected earnings date for Skechers USA is 31 January 2025