Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.While many investors like to look for moment ...

Skechers U.S.A., Inc.’s (SKX) strategic focus on multi-brand offerings, digital enhancement, and global expansion continues to drive its success in a competitive industry. The company's well-executed growth strategies, particularly in the direct-to-consumer (DTC) and international segments, not only reflect its ability to adapt to changing consumer trends but also position it strongly for sustained growth.With planned investments in new stores, omnichannel capabilities and a second distribution center in Ch ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-14429 SKECHERS U.S.A., INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) 228 Manhattan Beach Blvd. Manhattan Beach, California 90266 (Address of principal executive office) (Zip Code) For the quarterly period ended March 31, 2024 or ☐ TRANS ...

Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. However, it isn't easy to find a great growth stock.By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss.However, it's pretty easy to find cutting-edge growth stocks with the help of the Zacks Growth Style Sco ...

Skechers U.S.A., Inc. (SKX) delivered impressive first-quarter 2024 results, with the top and bottom lines outpacing the Zacks Consensus Estimate. Also, both metrics improved year over year. The company's performance improved due to the strong brand appeal and high demand for its comfort-focused products, complemented by robust marketing and distribution efforts.Demand for comfort technology products, advantageous pricing, and increases in wholesale and direct-to-consumer sales positively impacted the outco ...

The footwear company delivered record quarterly results.Shares of shoe company Skechers (SKX 13.75%) skyrocketed to an all-time high Friday after the company announced record financial results for the first quarter. As of 10:20 a.m. ET, Skechers stock was up almost 17%.A record start to the new yearIn Q1, Skechers' sales surged by nearly 13% to $2.25 billion. The bigger growth driver was its direct-to-consumer sales channel. That's significant because direct-to-consumer sales are considerably higher-margin ...

Skechers U.S.A., Inc. (NYSE:SKX) Q1 2024 Earnings Conference Call April 25, 2024 4:30 PM ET Company Participants Karen Lozano - General Manager of Store 2 David Weinberg - Chief Operating Officer John Vandemore - Chief Financial Officer Conference Call Participants Jay Sole - UBS Laurent Vasilescu - BNP Paribas Jim Duffy - Stifel Krista Zuber - TD Cowen Rick Patel - Raymond James Adrienne Yih - Barclays Tom Nikic - Wedbush Jesalyn Wong - Evercore Chris Nardone - Bank of America Alex Straton - Morgan Stanley ...

Skechers (SKX) reported $2.25 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 12.5%. EPS of $1.33 for the same period compares to $1.02 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $2.19 billion, representing a surprise of +2.98%. The company delivered an EPS surprise of +20.91%, with the consensus EPS estimate being $1.10.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street ...

Skechers (SKX) came out with quarterly earnings of $1.33 per share, beating the Zacks Consensus Estimate of $1.10 per share. This compares to earnings of $1.02 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 20.91%. A quarter ago, it was expected that this shoe company would post earnings of $0.52 per share when it actually produced earnings of $0.56, delivering a surprise of 7.69%.Over the last four quarters, the company has ...

LOS ANGELES, CA – April 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 first quarter ended March 31, 2024. First Quarter Highlights Exhibit 99.1 SKECHERS ANNOUNCES FIRST QUARTER 2024 FINANCIAL RESULTS AND RECORD SALES OF $2.25 BILLION "For the first quarter, Skechers achieved a new sales record of $2.25 billion, EPS of $1.33, gross margins of 52.5% and an operating margin of ...