The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks. ...

WirestockSkechers U.S.A., (NYSE:SKX), the steady Eddie of the casual and athletic footwear business, is an underappreciated GARP (Growth at a Reasonable Price). I used to own it a long time ago and sold off with a small profit, which was a mistake; it has given good returns to shareholders, rising 25% in the past year, 67% in the last 5, and 275% in the last 10. The 275% return in the last 10 years is a big deal, it’s about 14% per year. Plus, its sustainability and durability protect you from the drama ...

Did you analyze how Skechers (SKX) fared in its international operations for the quarter ending June 2024? Given the widespread global presence of this shoe company, scrutinizing the trends in international revenues becomes imperative to assess its financial strength and future growth possibilities.In the modern, closely-knit global economic landscape, the capacity of a business to access foreign markets is often a key determinant of its financial well-being and growth path. Investors now place great import ...

Wedbush analyst Tom Nikic reiterated an Outperform rating on Skechers U.S.A., Inc. SKX, raising the price forecast to $79 from $76.  Skechers reported quarterly earnings of 91 cents per share, which missed the analyst consensus estimate of 94 cents by 3.19%. The company reported quarterly sales of $2.16 billion.According to the analyst, the company saw strength in U.S. wholesale, Europe DTC, and gross margins, resulting in raised FY sales/EPS guidance.In addition, the quarter would have been more robust if ...

Skechers U.S.A., Inc. (SKX) delivered second-quarter 2024 results, with the top and bottom lines lagging the Zacks Consensus Estimate. Sales improved but earnings declined year over year. Challenges such as supply-chain disruptions, foreign currency headwinds, regulatory issues in India, and weakened consumer demand in China impacted the overall performance.However, the company continued to focus on product innovation, emphasizing comfort technologies and strategic partnerships. Comprehensive marketing effo ...

Financial Data and Key Metrics Changes - The company reported record second-quarter sales of $2.16 billion, an increase of 7.2% year-over-year, or $145 million compared to last year [8][19] - On a constant currency basis, sales increased by 8.7% to $2.19 billion [8][19] - Gross margins improved to 54.9%, a 220 basis point increase from the previous year [19][25] - Earnings per share were $0.91, a 7.1% decrease compared to the prior year, but $0.97 on a constant currency basis [27][19] Business Line Data and Key Metrics Changes - Direct-to-consumer sales grew by 9.2% year-over-year, exceeding $1 billion for the first time in the company's history [21][16] - Domestic direct-to-consumer sales increased by 1.4%, while international sales rose by 15% [21][16] - Wholesale sales increased by 5.5% year-over-year, driven by a 14% increase in domestic wholesale [23][19] Market Data and Key Metrics Changes - Domestic sales increased by 7.7%, while international sales grew by 6.9%, representing 60% of total sales [14][19] - By region, sales in the Americas increased by 7.2%, EMEA by 14%, and APAC by 2.2% [14][24] - In China, sales grew by 3.4% year-over-year, with a 7% increase on a constant currency basis [25][19] Company Strategy and Development Direction - The company announced a new $1 billion share repurchase plan, enhancing its existing program [8][29] - Skechers aims to achieve $10 billion in annual sales by 2026, focusing on expanding its direct-to-consumer segment and global brand presence [18][30] - The company is investing in local production in India to navigate regulatory hurdles and improve supply chain efficiency [15][49] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the second half of 2024, citing strong order flow and consumer demand despite macroeconomic challenges [20][31] - The company is adjusting its full-year guidance upward due to improved visibility into the order book and continued positive consumer response to its products [20][19] - Management acknowledged challenges in the supply chain and regulatory environments but remains confident in the long-term growth potential [15][31] Other Important Information - The company ended the quarter with 5,267 Skechers branded stores worldwide, including 1,702 company-owned locations [17] - Capital expenditures for the quarter were focused on new store openings and direct-to-consumer technologies [28] - The company is actively addressing supply chain disruptions and inventory imbalances caused by increased transit times [15][27] Q&A Session All Questions and Answers Question: Can you explain the sources of the raise in guidance? - Management indicated that better visibility into the back half order book, particularly on the wholesale side, and strong order flow contributed to the raised guidance [34][35] Question: What are the expectations for consumer behavior in the footwear retail landscape? - Management noted a decline in foot traffic in brick-and-mortar stores but strong performance in e-commerce, indicating a shift in consumer purchasing behavior [39][40] Question: Can you elaborate on the impact of the regulatory environment in India? - Management acknowledged a significant impact from regulatory changes but expressed optimism about local production improvements and long-term opportunities in the market [49][50] Question: What are the expectations for wholesale growth in the back half of the year? - Management expects continued strength from direct-to-consumer sales and a strong domestic wholesale order book to drive growth in the second half [56][76] Question: How is the company addressing potential tariff impacts? - Management stated that while there is exposure to China, they are diversifying production and are prepared to react to any changes in the tariff landscape [78][79]

Skechers (SKX) reported $2.16 billion in revenue for the quarter ended June 2024, representing a year-over-year increase of 7.2%. EPS of $0.91 for the same period compares to $0.98 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $2.22 billion, representing a surprise of -2.75%. The company delivered an EPS surprise of -3.19%, with the consensus EPS estimate being $0.94.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street exp ...

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. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -3.19%. A quarter ago, it was expected that this shoe company would post earnings of $1.10 per share when it actually produced earnings of $1.33, delivering a surprise of 20.91%.Over the last four quarters, the company has ...

SKECHERS ANNOUNCES SECOND QUARTER 2024 FINANCIAL RESULTS AND BOARD AUTHORIZED $1 BILLION SHARE REPURCHASE PROGRAM LOS ANGELES, CA – July 25, 2024 – Skechers U.S.A., Inc. ("Skechers" or the "Company") (NYSE:SKX), The Comfort Technology Company TM and a global footwear leader, today announced financial results for the second quarter ended June 30, 2024. Second Quarter Highlights "Skechers achieved a new second quarter sales record of $2.16 billion driven by the strong demand for our diverse portfolio of comfo ...

As Skechers U.S.A., Inc. (SKX) gears up to unveil its second-quarter 2024 earnings results on Jul 25 after market close, investors are eager to gauge the company's performance. Known for its innovative footwear and strong brand presence, Skechers has been navigating through changing market dynamics and evolving consumer preferences.The company is expected to register an increase in the top line, with the Zacks Consensus Estimate for revenues standing at $2,215 million, which indicates a notable 10% improvem ...