Investors can contact the law firm at no cost to learn more about recovering their losses LOS ANGELES, July 25, 2025 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Skechers U.S.A., Inc. (“Skechers” or “the Company”) (NYSE: SKX) investors that the firm has initiated an investigation into possible securities fraud and may file a class action on behalf of investors. Skechers investors that lost money on their investment are encouraged to contact Lesley Portnoy, Esq. Investors are encouraged to contact attorn ...

1. Global Brand 2. Product-Driven 3. Integrated Marketing Strategy 4. World-Class Infrastructure 5. Financial Strength Investor Presentation: Overview 2025 Investor Presentation Positioned for All financial metrics in this presentation are as of fiscal year end 2024, unless otherwise noted. GROWTH Global Brand …with Global Reach International Sales 62% Countries 180+ Skechers Stores Worldwide (as of 2/6/25) 5,300 + 3 RD largest footwear company in the world BELGIUM Markets with E-Comm Platforms 30+ S. KOREA ...

Summary of Key Points Core Viewpoint - Numerous companies are lowering their profit forecasts for 2025 due to the impact of tariffs and economic uncertainty, indicating a broader trend of caution across various industries. Group 1: Retail Sector - Abercrombie & Fitch lowered its full-year profit forecast for 2025, citing a $50 million hit from tariffs, including a 30% tariff on imports from China and a 10% tariff on other imports [1][2] - Macy's also reduced its earnings per share outlook for the year, attributing it to tariffs, moderation in consumer spending, and increased competition [3] - Target expects sales to decline throughout 2025, previously projecting a 1% growth, due to weaker spending linked to tariff uncertainties [3] Group 2: Consumer Goods and Food & Beverage - Diageo warned of a $150 million hit to annual profits in 2025 but plans to offset half of this impact through unspecified actions [4] - PepsiCo lowered its earnings forecast for 2025, facing higher supply chain costs due to tariffs and a volatile consumer environment [15] - Kraft Heinz also lowered its outlook, citing a volatile operating environment influenced by tariffs and inflation [13] Group 3: Automotive Industry - Ford expects tariffs to reduce its earnings before interest and taxes by about $1.5 billion in 2025 and has suspended its full-year guidance [8] - General Motors lowered its earnings forecast to between $10 billion and $12.5 billion, down from $13.7 billion to $15.7 billion, due to the impact of tariffs [12] - Toyota estimated a $1.25 billion profit loss in April and March due to U.S. tariffs, forecasting a nearly 21% dip in operating income through 2025 [5] Group 4: Technology and Electronics - AMD anticipates a $1.5 billion revenue loss in 2025 due to restrictions on chip shipments to China [7] - Apple expects a $900 million hit to its bottom line in the second quarter due to tariffs, complicating future predictions [10] - Logitech withdrew its outlook for the 2026 fiscal year due to ongoing tariff uncertainties [17] Group 5: Airlines and Transportation - JetBlue and Alaska Airlines both pulled their full-year guidance for 2025 due to macroeconomic uncertainty [13][17] - Delta Airlines withdrew its full-year guidance, citing broad macro uncertainty [18] - United Airlines issued a second guidance featuring significantly lower earnings for 2025, reflecting the unpredictable economic environment [17] Group 6: Miscellaneous - Steve Madden withdrew its financial guidance for 2025, facing heightened uncertainty from new tariffs [6] - Rivian lowered its targets for vehicle deliveries and capital spending for 2025 due to significant uncertainty in the global economic landscape [6] - Snap declined to issue guidance for its second quarter, citing uncertainty in macroeconomic conditions affecting advertising demand [14]

Core Insights - The sports footwear and apparel industry demonstrates resilience amid a sluggish global economic recovery and differentiated consumer demand, outperforming other sectors [1][2] - The analysis includes 19 brands/groups, primarily publicly listed companies, with revenue data for the 2024 calendar year, adjusted for fiscal year discrepancies and currency fluctuations [1][2] Global Market Overview - Total global revenue for the 18 brands/groups in 2024 is approximately $183.61 billion, reflecting a 3.78% increase from 2023 [8] - Nike and Adidas remain the dominant players, while Lululemon has surged to third place, surpassing Puma and VF Corporation [6][7] - The industry structure remains stable, with a leading tier of Nike and Adidas, followed by a growing middle tier including Decathlon, Anta, VF, and Lululemon [7][8] Chinese Market Insights - The total revenue for the Chinese market is estimated at around $37 billion for 2024, with an 8.8% year-over-year growth, outpacing global growth [14] - Anta Group leads the Chinese market, with significant contributions from its multi-brand strategy, while Nike retains the top position for single-brand revenue [14][15] - The competitive landscape in China features intense rivalry among brands like Anta, Li Ning, Adidas, and FILA, with Puma also showing growth [14][15] Growth Drivers - Running remains the highest growth segment in the sports footwear and apparel industry, with brands like HOKA and On experiencing significant revenue increases [15][16] - Outdoor brands, particularly those appealing to the middle class, are also thriving, driven by a shift in consumer identity and preferences [16] Future Considerations - The industry faces challenges related to brand positioning in either stock or incremental competition, necessitating strategic decisions on growth potential and market dynamics [17] - Established brands are undergoing transformations while new entrants must navigate consumer expectations and market integration [17]

Core Insights - The performance of Skechers' international operations is critical for understanding its financial resilience and growth potential [1][2][3] Revenue Performance - Skechers reported total revenue of $2.41 billion for the last quarter, reflecting a 7.1% increase from the prior-year quarter [4] - International revenue contributions included $718.2 million from Europe, Middle East & Africa, accounting for 29.78%, which was a surprise increase of 1.35% compared to expectations [5] - Asia Pacific generated $589 million, constituting 24.42% of total revenue, but this was a decrease of 4.78% from analyst projections [6] Future Revenue Forecasts - Analysts predict total revenue of $2.34 billion for the current fiscal quarter, indicating an 8.4% increase year-over-year, with expected contributions of 24.7% from Europe, Middle East & Africa and 25.1% from Asia Pacific [7] - For the full year, total revenue is expected to reach $9.59 billion, a 6.9% increase from the previous year, with Europe, Middle East & Africa and Asia Pacific projected to contribute $2.56 billion and $2.47 billion, respectively [8] Market Dynamics - The reliance on international markets presents both opportunities and challenges for Skechers, necessitating close monitoring of international revenue trends to project future performance [9][10] - The company's stock performance has seen a 27.2% increase over the past four weeks, outperforming the Zacks S&P 500 composite [13]

Group 1 - Li Xiang's reported salary of 639 million yuan is inaccurate; actual compensation is 2.66 million yuan, with the majority being stock-based compensation [1] - The People's Bank of China announced a 0.5% reduction in the reserve requirement ratio and a 0.1% decrease in policy interest rates, providing approximately 1 trillion yuan in long-term liquidity [1] Group 2 - Kweichow Moutai officially announced Zhang Yixing as its first brand ambassador, aiming to attract younger consumers [2] - Skechers announced its decision to go private, clarifying that this does not affect its operations in China [2] - Changan Automobile refuted rumors of merging with Dongfeng Group and is pursuing legal action against those spreading false information [2] Group 3 - The Federal Reserve decided to maintain the federal funds rate between 4.25% and 4.50%, marking the third consecutive meeting without a rate change [3] Group 4 - SpaceX received permission to increase its Starship launch frequency from 5 to 25 times per year [4] - Samsung's Harman International acquired Masimo's audio business for $350 million, aiming to strengthen its position in the consumer audio market [4] Group 5 - Geely Auto proposed to privatize Zeekr at a price of $2.57 per share, representing a premium of approximately 13.6% over the last trading price [7] - Reading Group and Japan's CCC Group established a strategic partnership to co-create IP and open a pop-up store in Japan [8] Group 6 - Uber reported Q1 revenue of $11.533 billion, a 14% year-over-year increase, with a net profit of $1.776 billion [13] - Disney's Q2 revenue grew 7% to $23.621 billion, with adjusted EPS increasing 20% to $1.45 [13] - Novo Nordisk reported Q1 net sales of 78.087 billion Danish kroner (approximately $11.01 billion), with a growth of 18% at fixed exchange rates [14]

Skechers Named Official Footwear Partner of Bay to Breakers Powered by Windsurf.,  San Francisco's Iconic Footrace Post this Known as the Comfort Technology Company™, Skechers will bring their dynamic energy, signature Comfort that Performs, and innovation to this year's event by introducing the new Skechers AERO series of technical running shoes to race attendees and participants. Representing the latest evolution of technical running shoes from the brand, Skechers AERO is engineered to deliver an exhilar ...

Core Viewpoint - Skechers, the third-largest athletic shoe retailer globally, announced a privatization decision in partnership with 3G Capital, which is expected to enhance its long-term strategic focus amid economic uncertainties [2][4][8]. Group 1: Company Overview - Skechers was founded in 1992 by Robert Greenberg and is headquartered in Manhattan Beach, California, initially selling work boots before expanding into athletic footwear [4]. - The company is known for its comfortable shoe styles priced lower than competitors like Nike and Adidas, and it is one of the largest consumer goods companies led by its founder [4]. - Skechers' sales reached nearly $9 billion in 2024, marking a 12% year-over-year growth, with significant contributions from the Chinese market [5]. Group 2: Privatization Details - On May 5, Skechers announced an agreement with 3G Capital to acquire all outstanding shares at $63 per share, representing a 30% premium over the average stock price over the past 15 days [4]. - Following the acquisition, 3G Capital is expected to hold approximately 80% of the new company, and the current leadership will remain in place [4]. - The transaction has been approved by Skechers' board and is anticipated to close in the third quarter of 2025 [4]. Group 3: Market Reaction and Financial Performance - Skechers' stock price surged by 25% following the privatization announcement, marking the highest intraday increase in over seven years [5]. - The company withdrew its full-year 2025 earnings forecast due to economic uncertainties stemming from global trade policies [6]. - In the first quarter of fiscal 2025, Skechers achieved a record quarterly sales of $2.41 billion, with international sales accounting for 65% of total sales [5]. Group 4: Industry Context - The company faces challenges from global trade policy changes, which have been identified as significant risks to its business operations [7]. - Skechers, along with other brands, has expressed concerns over tariffs impacting the footwear industry, highlighting the potential for increased operational risks and consumer demand suppression [7]. - Analysts suggest that privatization may allow Skechers to navigate short-term pressures and focus on long-term strategic adjustments amid trade tensions and economic uncertainty [8].

Group 1 - The Asian Development Bank (ADB) will hold its 58th annual meeting in Milan, Italy, from May 4 to 7, 2025, focusing on digital transformation and regional integration in the Asia-Pacific region [2] - Chinese Finance Minister Liu Kun emphasized the need for multilateral cooperation to address global economic risks exacerbated by unilateralism and protectionism [2][3] - China aims to contribute approximately 30% to global economic growth, with a GDP growth target of around 5% for 2025 [3] Group 2 - CATL has received approval from the Hong Kong Stock Exchange to list in Hong Kong, with plans to raise approximately $5 billion [5] - In its 2024 annual report, CATL projected revenues of 362.01 billion yuan, a year-on-year decrease of 9.7%, while net profit is expected to rise by 15.01% to 50.75 billion yuan [5] - Seres reported April sales of 31,488 new energy vehicles, a year-on-year increase of 12.99%, but cumulative sales for the year are down by 29.87% [6] Group 3 - Pony.ai announced a global strategic partnership with Uber to integrate its Robotaxi fleet into the Uber platform, starting in the Middle East [7] - OpenAI has abandoned its plan to transition to a for-profit model, which may affect SoftBank's investment, potentially reducing it from $40 billion to $20 billion [10] - Skechers has agreed to be acquired by 3G Capital at a cash price of $63 per share, representing a 30% premium over its recent trading price [11]

Group 1 - Johnson Fistel, PLLP has initiated an investigation into the board members of Skechers U.S.A., Inc. regarding potential breaches of fiduciary duties related to the proposed sale of the company to 3G Capital Corp [1] - On May 5, 2025, Skechers entered into a definitive agreement for a go-private transaction with 3G, where shareholders can choose to receive either $63.00 in cash per share or $57.00 in cash plus one unit in the post-closing private entity [2] - Prior to the announcement, Skechers common stock traded near $80.00 per share over the twelve months leading up to the deal [2] Group 2 - The investigation by Johnson Fistel is aimed at shareholders who believe the buyout price is too low and are interested in the details of the investigation [3] - Johnson Fistel is a nationally recognized law firm specializing in shareholder rights and has a history of representing both individual and institutional investors [4] - In 2024, Johnson Fistel was ranked in the Top 10 Plaintiff Law Firms, recovering approximately $90.725 million for clients in securities cases [5]