Financial Performance - Skechers reported quarterly earnings of $0.65 per share, missing the Zacks Consensus Estimate of $0.74 per share, but showing an increase from $0.56 per share a year ago, representing an earnings surprise of -12.16% [1] - The company posted revenues of $2.21 billion for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 0.05%, and up from $1.96 billion year-over-year [2] Earnings Outlook - The current consensus EPS estimate for the coming quarter is $1.52 on revenues of $2.47 billion, and for the current fiscal year, it is $4.79 on revenues of $9.82 billion [7] - The estimate revisions trend for Skechers is currently unfavorable, resulting in a Zacks Rank 4 (Sell) for the stock, indicating expected underperformance in the near future [6] Market Performance - Skechers shares have increased approximately 10.7% since the beginning of the year, outperforming the S&P 500's gain of 3.1% [3] - The Shoes and Retail Apparel industry, to which Skechers belongs, is currently ranked in the bottom 22% of over 250 Zacks industries, suggesting potential challenges ahead [8]

Skechers demonstrated strong earnings growth in the fourth quarter of 2024 despite falling just shy of estimates.Skechers U.S.A. (SKX 1.63%), a global leader in footwear, presented its fourth quarter 2024 earnings on February 6, 2025, showcasing a robust performance. Despite a minor shortfall in revenue against estimates, the company reported significant earnings growth. It achieved earnings per share of $0.65 but missed the $0.75 analyst consensus. Revenues reached $2.212 billion, slightly under the $2.220 ...

Sales Performance - Full year 2024 sales reached $8.97 billion, a year-over-year increase of 12.1%, or $9.04 billion on a constant currency basis, reflecting a 13.0% increase[4] - Fourth quarter sales were $2.21 billion, a year-over-year increase of 12.8%, with wholesale sales growing 17.5% and Direct-to-Consumer sales growing 8.4%[5] - For fiscal year 2025, the company expects sales between $9.70 billion and $9.80 billion, with diluted earnings per share between $4.30 and $4.50[18] - For the year ended December 31, 2024, total sales reached $8,969.4 million, up 12.1% from $8,000.3 million in 2023[29] - Total sales for the three months ended December 31, 2024, reached $2,212.4 million, an increase of $251.5 million or 12.8% compared to $1,960.9 million in 2023[30] Earnings and Profitability - Diluted earnings per share for 2024 were $4.16, a year-over-year increase of 19.2%, and $4.40 on a constant currency basis, reflecting a 26.1% increase[4] - The company reported net earnings of $639.5 million for 2024, a 17.2% increase from the previous year[14] - Skechers' net earnings for Q4 2024 were $115.4 million, slightly up from $112.1 million in Q4 2023[27] - Net earnings attributable to Skechers U.S.A., Inc. for the three months ended December 31, 2024, were $99.3 million, an increase of $43.1 million or 49.4% compared to $87.2 million in 2023[32] - Diluted earnings per share for the three months ended December 31, 2024, increased to $0.65, up $0.30 or 53.6% from $0.56 in 2023[32] Gross Margin and Profit - Gross margin for the full year improved to 53.2%, an increase of 120 basis points compared to the previous year, driven by lower costs per unit[12] - The gross margin for total sales improved to 53.3% in Q4 2024, up from 53.1% in Q4 2023[29] - Gross profit for Q4 2024 was $1,178.3 million, representing a 13.1% increase compared to $1,041.4 million in Q4 2023[27] - Gross profit for the three months ended December 31, 2024, was $1,178.3 million, up $150.5 million or 14.5% from $1,041.4 million in 2023[32] Expenses and Liabilities - Operating expenses for 2024 increased by 14.7% to $3.86 billion, with selling expenses rising by 18.3% due to higher global demand creation expenditures[13] - Total liabilities rose to $3,635.5 million as of December 31, 2024, compared to $3,147.3 million as of December 31, 2023[25] Store Expansion - The total number of Skechers stores increased to 5,296 by December 31, 2024, with 681 new stores opened during the year[19] Tax and Assets - The effective income tax rate for 2024 was 16.9%, reflecting a favorable mix of earnings in lower tax jurisdictions[15] - The company’s total current assets increased to $4,449.4 million as of December 31, 2024, from $3,952.6 million as of December 31, 2023[25] - Skechers' retained earnings increased to $4,436.2 million as of December 31, 2024, up from $3,796.7 million in 2023[25] Market Performance - Domestic sales increased to $841.6 million, up $128.7 million or 18.0% from $712.9 million in the previous year[30] - International sales totaled $1,370.8 million, reflecting a $122.8 million increase or 9.8% from $1,248.0 million in 2023[30] - Direct-to-Consumer sales increased by 8.4% to $1,081.7 million in Q4 2024, compared to $998.3 million in Q4 2023[29] - Direct-to-Consumer sales in the domestic market for the year ended December 31, 2024, were $1,553.0 million, an increase of $70.6 million or 4.8% from $1,482.4 million in 2023[30] - China sales for the year ended December 31, 2024, were $1,218.2 million, a slight decrease of $10.4 million or 0.9% from $1,228.6 million in 2023[30] Future Outlook - The company anticipates continued growth in both domestic and international markets, focusing on new product development and market expansion initiatives[22] - The company reported a constant currency sales adjustment of $71.8 million for the year ended December 31, 2024, indicating a strong performance when accounting for foreign exchange fluctuations[31]

In its upcoming report, Skechers (SKX) is predicted by Wall Street analysts to post quarterly earnings of $0.74 per share, reflecting an increase of 32.1% compared to the same period last year. Revenues are forecasted to be $2.21 billion, representing a year-over-year increase of 12.8%.Over the last 30 days, there has been a downward revision of 0.9% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial ...

The latest trading session saw Skechers (SKX) ending at $78.24, denoting a +1.97% adjustment from its last day's close. This change outpaced the S&P 500's 0.53% gain on the day. Elsewhere, the Dow saw an upswing of 0.38%, while the tech-heavy Nasdaq appreciated by 0.25%.Heading into today, shares of the shoe company had gained 14.11% over the past month, outpacing the Consumer Discretionary sector's gain of 2.88% and the S&P 500's gain of 1.24% in that time.The investment community will be paying close atte ...

Skechers (SKX) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Shares of this shoe company have returned +11.3% over the past month versus the Zacks S&P 500 composite's +2.5% change. The Zacks Shoes and Retail Apparel industry, to which Skechers belongs, has lost 1.9% over this period. Now the key question is: Where could the stock be headed in the near term?While ...

Skechers (SKX) closed at $73.46 in the latest trading session, marking a -0.45% move from the prior day. This change lagged the S&P 500's 0.61% gain on the day. Elsewhere, the Dow gained 0.3%, while the tech-heavy Nasdaq added 1.28%.Coming into today, shares of the shoe company had gained 8.95% in the past month. In that same time, the Consumer Discretionary sector lost 1.39%, while the S&P 500 gained 2.08%.The investment community will be closely monitoring the performance of Skechers in its forthcoming ea ...

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Company Analysis - Skechers USA (NYSE: SKX) shares were considered a little pricey in September 2014 [1] Industry Focus - Crude Value Insights focuses on the oil and natural gas sector, emphasizing cash flow and companies with value and growth potential [1] - Subscribers gain access to a 50+ stock model account, in-depth cash flow analyses of E&P firms, and live chat discussions about the sector [3] Subscription Benefits - A two-week free trial is available for those interested in the oil and gas sector [2]

Skechers U.S.A., Inc. (SKX) has demonstrated strong upward momentum, trading above its 50 and 200-day simple moving averages (SMAs). SMA is a key indicator of price stability and long-term bullish trends. The company ended Friday’s trading session at $70.09, above its 50 and 200-day SMAs of $65.62 and $65.60, respectively, highlighting a continued uptrend. This technical strength, combined with consistent momentum, indicates positive market sentiment and investor confidence in Skechers’ financial stability ...