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Will Skechers (SKX) Beat Estimates Again in Its Next Earnings Report?
Zacks Investment Research· 2024-04-03 17:16
Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Skechers (SKX) , which belongs to the Zacks Shoes and Retail Apparel industry, could be a great candidate to consider.This shoe company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 13.46%.For the last reported quarter, Skechers came out with ...
The Reasons We Remain In Favor Of Skechers
Seeking Alpha· 2024-03-22 01:12
Charley Gallay/Getty Images EntertainmentSkechers (NYSE:SKX), founded in 1992, is a global footwear powerhouse renowned for its casual and performance-oriented shoes. With a presence in over 170 countries, the company boasts an extensive product lineup catering to diverse consumer preferences. The brand's popularity is underscored by endorsements from prominent athletes and celebrities like Tony Romo and Camila Cabello. Notably, Skechers has prioritized sustainability, implementing eco-friendly practice ...
Skechers to Present at the UBS Global Consumer and Retail Conference on March 13th
Businesswire· 2024-03-06 14:00
LOS ANGELES--(BUSINESS WIRE)--Skechers U.S.A., Inc. (“Skechers” or the “Company”) (NYSE:SKX), The Comfort Technology Company™ and a global footwear leader, today announced that John Vandemore, Chief Financial Officer, will participate in a fireside chat at the UBS Global Consumer and Retail Conference in New York City on Wednesday, March 13, 2024 at 10:00 a.m. PT / 1:00 p.m. ET. The audio portion of the fireside chat will be available live and on replay for 90 days on the Company’s website at investors.ske ...
Skechers (SKX) Thrives on DTC Growth & Diversified Portfolio
Zacks Investment Research· 2024-03-04 15:36
Skechers U.S.A., Inc.’s (SKX) diversified portfolio, focusing on fashion, athletic, non-athletic and work footwear, underpins its resilience and broad market appeal. Emphasizing comfort-based products aligns with current consumer trends. The company’s strategic focus on multi-brand offerings, global retail expansion, digital transformation and direct-to-consumer (DTC) growth, coupled with its strong financial management, positions it well for sustained growth and market leadership in the dynamic global foot ...
Skechers to Present at the Raymond James 45th Annual Institutional Investors Conference on March 4th
Businesswire· 2024-02-26 14:00
LOS ANGELES--(BUSINESS WIRE)--Skechers U.S.A., Inc. (“Skechers” or the “Company”) (NYSE:SKX), The Comfort Technology Company™ and a global footwear leader, today announced that John Vandemore, Chief Financial Officer, will participate in a fireside chat at the Raymond James 45th Annual Institutional Investors Conference in Orlando, FL on Monday, March 4, 2024 at 7:25 a.m. PT / 10:25 a.m. ET. The audio portion of the fireside chat will be available live and on replay for 90 days on the Company’s website at ...
Skechers Joins Forces With Global Art Phenom Vexx
Businesswire· 2024-02-22 14:00
LOS ANGELES--(BUSINESS WIRE)--Skechers is joining forces with Vexx: an artist who has captured the digital universe, galleries and museums on three continents. The global brand’s latest Visual Artist Series capsule, Skechers x Vexx features the creator’s signature “doodles” known around the world. His detailed, vibrant characters will appear on footwear, apparel and accessories for men and women. “As an artist, it’s been a priority for me to create without compromise—and Skechers celebrates that philosop ...
Skechers: On the Way to 10,000 Stores
Businesswire· 2024-02-15 14:00
LOS ANGELES--(BUSINESS WIRE)--Skechers U.S.A., Inc. (NYSE:SKX), The Comfort Technology Company® and third-largest athletic footwear brand in the world, announces that it has surpassed 5,000 Skechers-branded retail store locations throughout more than 120 countries. Expanding the reach of Skechers shopping destinations currently operating globally, key openings leading up to the milestone have been in Chile, Greece, India, Mexico, South Korea, the United States, and the 5,000th store in Bogotá, Colombia. ...
Skechers stocks trips on inventory bloat, but there's an upside
MarketBeat· 2024-02-06 12:31
Key PointsSkechers grew its worldwide store count to 5,168 retail locations worldwide, growing annual sales to a record $8 billion.Inventory bloat caused the company to cut its EPS guidance for the full year 2024 despite operating margins improving to 9.8% and gross margins reaching 51.9% in 2023.Positive shipments and bookings in the first part of Q1 2024 make management confident and optimistic about clearing out its excess inventory in 2024.  5 stocks we like better than Skechers U.S.A.Skechers U.S.A. In ...
Petco Love and BOBS® from Skechers® Announce Winners of Annual Petco Love Stories Campaign, Awarding $500,000 in Grants to Animal Welfare Organizations
Prnewswire· 2024-02-06 11:03
Petco Love Celebrates 25 Year Milestone with 25 Love Stories Grant RecipientsSAN ANTONIO, Feb. 6, 2024 /PRNewswire/ -- In a special commemoration of 25 years of heartwarming pet adoption stories, Petco Love, in partnership with BOBS® from Skechers®, is proud to announce the winners of their annual Love Stories campaign. This year's campaign, celebrating a quarter-century of transformation and joy brought by pet adoption, will award 25 grants totaling $500,000 to animal welfare organizations across the natio ...
Mr. T Goes Hands-Free in Skechers Super Bowl Commercial
Businesswire· 2024-02-05 14:00
LOS ANGELES--(BUSINESS WIRE)--A spelling lesson may be unexpected during the Big Game, yet Skechers is returning for the 11th time with a commercial that does exactly that. This year, the Company is reminding the event’s massive television audience that while the brand has never had a ‘t’ in its name, there is one very memorable ‘t’ in Skechers…Mr. T. In a follow up to his first Skechers commercial that premiered in 2023, the A-Team icon is back—this time in Skechers Hands Free Slip-ins® to illustrate ho ...