WirestockSkechers U.S.A., (NYSE:SKX), the steady Eddie of the casual and athletic footwear business, is an underappreciated GARP (Growth at a Reasonable Price). I used to own it a long time ago and sold off with a small profit, which was a mistake; it has given good returns to shareholders, rising 25% in the past year, 67% in the last 5, and 275% in the last 10. The 275% return in the last 10 years is a big deal, it’s about 14% per year. Plus, its sustainability and durability protect you from the drama ...

Did you analyze how Skechers (SKX) fared in its international operations for the quarter ending June 2024? Given the widespread global presence of this shoe company, scrutinizing the trends in international revenues becomes imperative to assess its financial strength and future growth possibilities.In the modern, closely-knit global economic landscape, the capacity of a business to access foreign markets is often a key determinant of its financial well-being and growth path. Investors now place great import ...

Wedbush analyst Tom Nikic reiterated an Outperform rating on Skechers U.S.A., Inc. SKX, raising the price forecast to $79 from $76.  Skechers reported quarterly earnings of 91 cents per share, which missed the analyst consensus estimate of 94 cents by 3.19%. The company reported quarterly sales of $2.16 billion.According to the analyst, the company saw strength in U.S. wholesale, Europe DTC, and gross margins, resulting in raised FY sales/EPS guidance.In addition, the quarter would have been more robust if ...

Skechers U.S.A., Inc. (SKX) delivered second-quarter 2024 results, with the top and bottom lines lagging the Zacks Consensus Estimate. Sales improved but earnings declined year over year. Challenges such as supply-chain disruptions, foreign currency headwinds, regulatory issues in India, and weakened consumer demand in China impacted the overall performance.However, the company continued to focus on product innovation, emphasizing comfort technologies and strategic partnerships. Comprehensive marketing effo ...

Skechers USA (NYSE:SKX) Q2 2024 Earnings Conference Call July 25, 2024 4:30 PM ET Company Participants Jarred Dahlerbruch - Senior Product Manager David Weinberg - Chief Financial Officer John Vandemore - Independent Director Conference Call Participants Jay Sole - UBS Group Laurent Vasilescu - BNP Paribas Peter McGoldrick - Stifel John Kernan - TD Cowen Alex Straton - Morgan Stanley & Co Rick Patel - Raymond James Jesalyn Wong - Evercore Will Gartner - Wells Fargo Securities Krisztina Katai - Deutsche Bank ...

Skechers (SKX) reported $2.16 billion in revenue for the quarter ended June 2024, representing a year-over-year increase of 7.2%. EPS of $0.91 for the same period compares to $0.98 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $2.22 billion, representing a surprise of -2.75%. The company delivered an EPS surprise of -3.19%, with the consensus EPS estimate being $0.94.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street exp ...

Skechers (SKX) came out with quarterly earnings of $0.91 per share, missing the Zacks Consensus Estimate of $0.94 per share. This compares to earnings of $0.98 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -3.19%. A quarter ago, it was expected that this shoe company would post earnings of $1.10 per share when it actually produced earnings of $1.33, delivering a surprise of 20.91%.Over the last four quarters, the company has ...

Exhibit 99.1 SKECHERS ANNOUNCES SECOND QUARTER 2024 FINANCIAL RESULTS AND BOARD AUTHORIZED $1 BILLION SHARE REPURCHASE PROGRAM LOS ANGELES, CA – July 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 second quarter ended June 30, 2024. Second Quarter Highlights • Record second quarter sales of $2.16 billion, a 7.2% increase, and constant currency sales of $2.19 billion, an 8.7% ...

As Skechers U.S.A., Inc. (SKX) gears up to unveil its second-quarter 2024 earnings results on Jul 25 after market close, investors are eager to gauge the company's performance. Known for its innovative footwear and strong brand presence, Skechers has been navigating through changing market dynamics and evolving consumer preferences.The company is expected to register an increase in the top line, with the Zacks Consensus Estimate for revenues standing at $2,215 million, which indicates a notable 10% improvem ...

Wall Street analysts expect Skechers (SKX) to post quarterly earnings of $0.92 per share in its upcoming report, which indicates a year-over-year decline of 6.1%. Revenues are expected to be $2.21 billion, up 10% from the year-ago quarter.Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.Before a company announces its earnings, it is ess ...