Skechers (SKX) Q2 Earnings Miss Estimates, Sales Rise Y/Y

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 ...