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 "Skechers achieved a new second quarter sales record of $2.16 billion driven by the strong demand for our diverse portfolio of comfo ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-14429 SKECHERS U.S.A., INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) 228 Manhattan Beach Blvd. Manhattan Beach, California 90266 (Address of principal executive office) (Zip Code) For the quarterly period ended March 31, 2024 or ☐ TRANS ...

Skechers U.S.A., Inc. (NYSE:SKX) Q1 2024 Earnings Conference Call April 25, 2024 4:30 PM ET Company Participants Karen Lozano - General Manager of Store 2 David Weinberg - Chief Operating Officer John Vandemore - Chief Financial Officer Conference Call Participants Jay Sole - UBS Laurent Vasilescu - BNP Paribas Jim Duffy - Stifel Krista Zuber - TD Cowen Rick Patel - Raymond James Adrienne Yih - Barclays Tom Nikic - Wedbush Jesalyn Wong - Evercore Chris Nardone - Bank of America Alex Straton - Morgan Stanley ...

LOS ANGELES, CA – April 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 first quarter ended March 31, 2024. First Quarter Highlights Exhibit 99.1 SKECHERS ANNOUNCES FIRST QUARTER 2024 FINANCIAL RESULTS AND RECORD SALES OF $2.25 BILLION "For the first quarter, Skechers achieved a new sales record of $2.25 billion, EPS of $1.33, gross margins of 52.5% and an operating margin of ...

Financial Data and Key Metrics Changes - The company achieved a record annual sales of $8 billion, an increase of $556 million compared to the previous year, with fourth-quarter sales reaching $1.96 billion, up 4.4% year-over-year [5][15] - Gross margin for the year was a record 51.9%, with fourth-quarter gross margins at 53.1%, an increase of 470 basis points from the prior year [5][18] - Earnings per share for the year were $3.49, marking a significant achievement for the brand [14] Business Line Data and Key Metrics Changes - Direct-to-consumer sales grew 20% year-over-year, exceeding 50% of total sales for the first time, driven by a 27% increase internationally and a 12% increase domestically [9][15] - Wholesale sales decreased 8.3% year-over-year to $962.6 million, with domestic wholesale down 10% and international wholesale down 7.1% [16][10] - The company opened 67 company-owned stores in the quarter, bringing the total to 1,648 locations, and plans to open 140 to 160 stores worldwide in 2024 [12][21] Market Data and Key Metrics Changes - International sales increased 7%, representing approximately 64% of total sales in the fourth quarter, with notable growth in Asia Pacific, where sales rose 15% year-over-year [9][17] - In China, sales grew 22%, driven by strong performance during key holiday periods, while EMEA sales decreased 7.3% year-over-year [17][10] Company Strategy and Development Direction - The company is focused on expanding its product categories, including the introduction of football and basketball lines, and enhancing its direct-to-consumer and wholesale businesses [6][8] - Strategic partnerships with athletes and celebrities are being leveraged to enhance brand visibility and consumer engagement [7][8] - The company aims to maintain a strong inventory position while managing supply chain challenges and investing in logistics capabilities [13][20] Management's Comments on Operating Environment and Future Outlook - Management acknowledged macroeconomic challenges, including inflation and rising interest rates, but expressed optimism about returning to growth in the wholesale segment in 2024 [14][22] - The company expects sales for 2024 to range between $8.6 billion and $8.8 billion, with net earnings per share projected between $3.65 and $3.85 [22][23] - Management remains confident in the strength of the brand and ongoing consumer demand for its products [25] Other Important Information - The company reported a 16% year-over-year reduction in inventory levels, indicating improved inventory management [13][20] - Capital expenditures for the quarter were $85 million, with plans to invest between $350 million and $400 million in 2024 to support strategic priorities [21][23] Q&A Session Summary Question: U.S. wholesale business performance - Management clarified that domestic wholesale was down 10%, not 14%, and noted a cautious optimism for growth in 2024 based on improved order trends [28][29] Question: Performance in China - Management expressed satisfaction with the 22% growth in China and indicated early January performance was encouraging, suggesting a recovery trend [30][31] Question: Guidance for EBIT margins - Management indicated expectations for favorable gross margins in Q1, with a continued focus on achieving double-digit operating margins [37][38] Question: Store openings and productivity - Management emphasized the importance of opening the right type of stores globally and indicated plans for continued expansion beyond the current store count [42][44] Question: Impact of inventory congestion - Management described inventory congestion as temporary and specific to certain customers, with expectations for recovery in 2024 [46][48] Question: Consumer trends and gross margins - Management noted that consumers continue to trade up within the product portfolio, which may not significantly impact gross margins year-over-year [50][51] Question: Shipping and freight costs - Management reported that current shipping conditions are manageable, with early inventory purchases mitigating potential delays [53][54] Question: Growth opportunities in new categories - Management highlighted significant growth opportunities in football and basketball, with a cautious approach to market entry [57][58] Question: Direct-to-consumer growth outlook - Management expects continued growth in the direct-to-consumer segment, albeit at a slower pace than the previous year [60][62]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-14429 SKECHERS U.S.A., INC. (Exact name of registrant as specified in its charter) Delaware 95-4376145 Securities registered pursuant to Section 12(b) of the Act: | Titl ...

Skechers U.S.A., Inc. (NYSE:SKX) Q3 2023 Earnings Conference Call October 26, 2023 4:30 PM ET Company Participants David Roche - FP&A David Weinberg - COO John Vandemore - CFO Conference Call Participants Jay Sole - UBS Laurent Vasilescu - BNP Paribas Krista Zuber - TD Cowen Gabriella Carbone - Deutsche Bank Jim Duffy - Stifel Alex Straton - Morgan Stanley Tom Nikic - Wedbush Securities Abbie Zvejnieks - Piper Sandler Operator Greetings, and welcome to the Skechers Third Quarter 2023 Earnings Conference Ca ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-14429 SKECHERS U.S.A., INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) 228 Manhattan Beach Blvd. Ma ...

Start Time: 16:30 January 1, 0000 5:14 PM ET Skechers U.S.A., Inc. (NYSE:SKX) Q2 2023 Earnings Conference Call July 27, 2023, 16:30 PM ET Company Participants David Weinberg - COO John Vandemore - CFO Shannon Butler - FP&A Conference Call Participants Jay Sole - UBS Laurent Vasilescu - BNP Paribas Gaby Carbone - Deutsche Bank John Kernan - Cowen and Company Tom Nikic - Wedbush Securities Abbie Zvejnieks - Piper Sandler Operator Greetings, and welcome to Skechers Second Quarter 2023 Earnings Conference Call. ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-14429 SKECHERS U.S.A., INC. (Exact name of registrant as specified in its charter) Delaware 95-4376145 (State or other jurisdiction of incorporation or organization) (Addres ...