Skechers (SKX) Q1 Earnings Beat Estimates

Core Insights - Skechers reported quarterly earnings of $1.34 per share, exceeding the Zacks Consensus Estimate of $1.17 per share, and showing a slight increase from $1.33 per share a year ago, resulting in an earnings surprise of 14.53% [1] - The company posted revenues of $2.41 billion for the quarter ended March 2025, which was 1.17% below the Zacks Consensus Estimate, but an increase from $2.25 billion year-over-year [2] - Skechers shares have declined approximately 27.3% year-to-date, contrasting with the S&P 500's decline of 8.6% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.97 on revenues of $2.36 billion, and for the current fiscal year, it is $4.42 on revenues of $9.72 billion [7] - The estimate revisions trend for Skechers is mixed, leading to a Zacks Rank of 3 (Hold), indicating expected performance in line with the market [6] Industry Context - The Shoes and Retail Apparel industry, to which Skechers belongs, is currently ranked in the bottom 9% of over 250 Zacks industries, suggesting potential challenges ahead [8] - The performance of Skechers may be influenced by the overall industry outlook, as historical data shows that the top 50% of Zacks-ranked industries outperform the bottom 50% by more than 2 to 1 [8] Competitor Insights - Steven Madden, a competitor in the same industry, is expected to report quarterly earnings of $0.46 per share, reflecting a year-over-year decline of 29.2%, with revenues projected at $561.97 million, a 1.7% increase from the previous year [9][10]