Skechers U.S.A., Inc. (SKX) is likely to register an increase in the top line when it reports first-quarter 2024 earnings results on Apr 25 after market close. The Zacks Consensus Estimate for revenues is pegged at $2,188 million, which indicates an improvement of 9.3% from the prior-year reported figure.The company, renowned for its design, marketing and distribution of footwear, apparel and accessories, is expected to observe a year-over-year increase in its bottom line. The Zacks Consensus Estimate for f ...

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Core Insights - Analysts project Skechers (SKX) will announce quarterly earnings of $1.10 per share, reflecting a 7.8% year-over-year increase, with revenues expected to reach $2.19 billion, a 9.3% increase from the same quarter last year [1] - There has been a downward revision of 1.4% in the consensus EPS estimate over the last 30 days, indicating a reconsideration of initial forecasts by covering analysts [1] Revenue Estimates - 'Net Sales- Total Wholesale' is projected to reach $1.34 billion, representing a significant change of +204.1% from the year-ago quarter [2] - 'Net Sales- Total Direct-to-consumer' is estimated at $835.47 million, suggesting an increase of +18.1% year over year [2] - 'Geographic Revenue- Asia Pacific' is expected to be $594.12 million, indicating a change of +13.9% year over year [2] Additional Revenue Insights - 'Geographic Revenue- Europe, Middle East & Africa' is forecasted to reach $541.31 million, with a year-over-year change of +1.3% [3] - 'Geographic Revenue- Americas' is projected at $1.04 billion, reflecting a change of +9.8% from the prior-year quarter [3] - 'Gross Profit- Wholesale' is likely to reach $542.13 million, compared to $512 million in the same quarter last year [3] - 'Gross Profit- Direct-to-consumer' is expected to be $550.27 million, up from $466.60 million a year ago [3] Stock Performance - Over the past month, Skechers shares have recorded returns of -3.3%, compared to the Zacks S&P 500 composite's -4.2% change [3] - Skechers holds a Zacks Rank 3 (Hold), suggesting that its performance is likely to align with the overall market in the upcoming period [3]

Skechers' (SKX) success story hinges on robust demand for its comfort technology products and enhanced digital capabilities. A diverse range of footwear across various categories like fashion, athletic, non-athletic and work footwear allows it to capture the market and attract customers from different demographic profiles. Its initiative of introducing products keep it relevant in a constantly evolving industry.SKX has been always dedicated to maintaining a balance between style, comfort, innovation and qua ...

Skechers U.S.A., Inc. (SKX) leverages a varied product mix that spans fashion, athletic, casual and work footwear, anchoring its robust market presence and appeal across diverse consumer segments. Its commitment to delivering comfort-oriented footwear resonates with prevailing consumer preferences.The company's strategies, which include a multi-brand approach, the expansion of its global retail footprint, embracing digital initiatives and enhancing direct-to-consumer (DTC) channels, along with adept financi ...

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 ...

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 ...

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 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 ...

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 ...