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 ...

Wall Street analysts expect Skechers (SKX) to post quarterly earnings of $0.92 per share in its upcoming report, which indicates a year-over-year decline of 6.1%. Revenues are expected to be $2.21 billion, up 10% from the year-ago quarter.Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.Before a company announces its earnings, it is ess ...

Skechers (SKX) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Over the past month, shares of this shoe company have returned -10.8%, compared to the Zacks S&P 500 composite's +2.1% change. During this period, the Zacks Shoes and Retail Apparel industry, which Skechers falls in, has lost 20.3%. The key question now is: What could be the stock's future direction?Although media re ...

EU and UK territories added to longtime licensing and distribution partnership NEW YORK, July 16, 2024 /PRNewswire/ -- United Legwear & Apparel Co., LLC (ULAC), a New York-based global designer, manufacturer, and distributor of legwear, apparel, and accessories, has announced an expansion of their 20-year licensing partnership with global lifestyle and performance footwear and apparel brand Skechers to include distribution in the European Union and the United Kingdom. The license will be managed in these tw ...

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Group 1: Analyst Recommendations - Skechers (SKX) has an average brokerage recommendation (ABR) of 1.25, indicating a consensus between Strong Buy and Buy, with 10 out of 12 recommendations being Strong Buy [1][2] - The ABR reflects that Strong Buy and Buy recommendations account for 83.3% and 8.3% of all recommendations, respectively [1] Group 2: Limitations of Brokerage Recommendations - Brokerage recommendations may not effectively guide investors towards stocks with the highest potential for price appreciation due to analysts' vested interests [2][3] - For every "Strong Sell" recommendation, brokerage firms tend to issue five "Strong Buy" recommendations, indicating a bias in their ratings [2][3] Group 3: Zacks Rank vs. ABR - Zacks Rank is a proprietary stock rating tool that categorizes stocks based on earnings estimate revisions, providing a more reliable indicator of future price performance compared to ABR [3][5] - The Zacks Rank is timely and reflects the latest earnings estimate revisions, while ABR may not always be up-to-date [5] Group 4: Earnings Estimates for Skechers - The Zacks Consensus Estimate for Skechers has increased by 0.2% over the past month to $4.08, indicating growing optimism among analysts regarding the company's earnings prospects [6] - The increase in the consensus estimate, along with other factors, has resulted in a Zacks Rank 2 (Buy) for Skechers, suggesting a positive outlook for the stock [6]

In the latest market close, Skechers (SKX) reached $67.90, with a +1.77% movement compared to the previous day. The stock exceeded the S&P 500, which registered a loss of 0.88% for the day. Elsewhere, the Dow gained 0.08%, while the tech-heavy Nasdaq lost 1.95%.Coming into today, shares of the shoe company had lost 10.44% in the past month. In that same time, the Consumer Discretionary sector lost 2.04%, while the S&P 500 gained 5.11%.Investors will be eagerly watching for the performance of Skechers in its ...

Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market's attention and produce exceptional returns. However, it isn't easy to find a great growth stock.That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss.However, the task of finding cutting-edge growth stocks is made easy with the help of the Z ...

Skechers (SKX) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #1 (Strong Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.Indivi ...