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 ...

Company Performance - Skechers (SKX) closed at $70.09, reflecting a +1.13% change from the previous day's close, outperforming the S&P 500 which fell by 1.54% [1] - Over the past month, Skechers shares experienced a loss of 1.13%, which is better than the Consumer Discretionary sector's loss of 4.47% and the S&P 500's loss of 2.2% [1] Upcoming Earnings - The earnings report for Skechers is scheduled for February 6, 2025, with an expected EPS of $0.73, indicating a 30.36% increase compared to the same quarter last year [2] - The Zacks Consensus Estimate projects net sales of $2.22 billion, representing a 13.04% increase from the previous year [2] Analyst Estimates - Recent changes to analyst estimates for Skechers reflect shifting short-term business dynamics, with positive revisions indicating optimism about the company's profitability [3] - The Zacks Rank system, which incorporates these estimate changes, provides actionable ratings for investors [4] Zacks Rank and Valuation - Skechers currently holds a Zacks Rank of 2 (Buy), with no changes in the Zacks Consensus EPS estimate over the past month [5] - The company has a Forward P/E ratio of 14.36, aligning with its industry's Forward P/E of 14.36, and a PEG ratio of 0.85, compared to the industry average of 1.71 [6] Industry Context - The Shoes and Retail Apparel industry, part of the Consumer Discretionary sector, has a Zacks Industry Rank of 165, placing it in the bottom 35% of over 250 industries [7] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]

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