Skechers Corporate site

"A lot of specialty stores won't carry Skechers due to brand baggage and since they already have plenty of options on the shelves. And, many won't touch them unless they raise prices and stop discounting because it kills their margins"


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Latest Financial News for SKX

Zacks Industry Outlook Highlights: NIKE, Deckers Outdoor Corp, Skechers U.S.A., Carter's and Wolverine World Wide
Posted: May 5, 2021, 12:47 pm
5 Shoes & Retail Apparel Stocks Set to Ride on Flourishing E-commerce Trends
Posted: May 4, 2021, 1:38 pm
Earnings season is in full swing, and stocks are at all-time highs. If you're looking for a few good ideas for where to invest, take a look what five of our writers chose as their top stock for May. Keep reading to see why they like Revolve Group (NYSE: RVLV), Brookfield Renewable Partners (NYSE: BEP), Skechers (NYSE: SKX), Netflix (NASDAQ: NFLX), and Zoom Video Communications (NASDAQ: ZM). Jeremy Bowman (Revolve Group): It's a difficult to forecast exactly what the recovery will look like, but one thing is clear.
Posted: April 30, 2021, 11:03 am
The company showed strong signs of recovery in the recent quarter
Posted: April 28, 2021, 5:52 pm
Skechers Inc. (SKX) is the most popular shoe brand for men and women, according to the latest Amazon (AMZN) Best Sellers tracker, compiled by UBS Evidence Lab. It’s the third largest shoe brand in the world, and UBS analysts think Skechers’ growth potential is “underappreciated.” To gain investor confidence, UBS analysts say Skechers has to achieve organic sales growth in the high-single digit percent range, increase EBIT margin and at least meet earnings per share Street expectations.
Posted: April 27, 2021, 6:01 pm
Skechers (NYSE: SKX), for one, is indicating that rapid recovery is nigh. The shoemaker returned to double-digit percentage sales growth during the first quarter of 2021 as it lapped the initial effects from the pandemic this time a year ago.
Posted: April 27, 2021, 11:53 am
Posted: April 26, 2021, 7:32 pm
Skechers (SKX) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
Posted: April 26, 2021, 10:30 am
Skechers USA Inc. posted record quarterly results in 1Q with sales of $1.43 billion up 15% year-on-year and beating consensus estimates of $1.35 billion. The footwear company reported adjusted diluted EPS of $0.68 that came in ahead of analysts’ estimates of $0.49 per share. Skechers (SKX) CEO, Robert Greenberg said, “Skechers new sales record in the first quarter is a remarkable achievement, especially given the lockdown measures in many key countries, including across Europe. This significant growth is the result of continued demand for Skechers product as consumers desire comfort and quality in their footwear and walking remains a top COVID-19 pandemic activity.” “With warmer weather and increased vaccination rates around the world, traffic is improving in many of our retail stores, and our digital business continues to be a very strong growth driver. In the first quarter, we increased our marketing efforts in the United States and supported many open international markets, including the airing of new campaigns…” Greenberg added. The record sales in 1Q were driven by a 20.2% year-on-year rise in international sales and an 8.5% growth in domestic sales. The increase in domestic sales was largely fueled by a year-on-year jump of 143% in e-commerce sales. (See Skechers stock analysis on TipRanks) For FY21, SKX expects sales to land between $5.8 billion and $5.9 billion and diluted EPS in the $1.80 to $2 range. In the fiscal second quarter, SKX has forecast sales between $1.45 billion and $1.50 billion and diluted EPS of between $0.40 and $0.50. Following the earnings, Morgan Stanley analyst Kimberly Greenberger upgraded the stock from a Hold to a Buy and raised the price target from $44 to $56. Greenberger commented, “SKX reported impressive 1Q21 results. It also delivered on all of the items we were looking for to upgrade the stock: improved EBIT flow-through, P&L visibility, & a more balanced mgmt. compensation structure.” Shares of SKX have rallied 15.8% in the past five days. Overall, consensus on the Street is that SKX is a Moderate Buy based on 8 Buys, 1 Hold and 1 Sell. The average analyst price target of $52.11 implies that the stock is fully priced at current levels. Related News: Mattel Narrows Losses In 1Q, Raises Outlook; Shares Open 7% Higher Snap Breaks Even In 1Q As Results Beat Estimates; Shares Up 5% Skyworks Snaps Up Silicon Labs’ Infrastructure and Automotive Business For $2.75B More recent articles from Smarter Analyst: Emerge's Revenue More Than Doubles In Fiscal 2020; Shares Pop 6% Aecon Group Reports Steady Revenue Growth In 1Q WELL Health Closes CRH Medical’s Acquisition Parker Hannifin Bumps Up Quarterly Dividend By 17%
Posted: April 26, 2021, 8:56 am
Skechers saw a welcome improvement to its Relative Strength (RS) Rating on Monday, rising from 73 to 85. As you try to find the best stocks to buy and watch, keep a close on eye on relative price strength. Decades of market research reveals that the market's biggest winners often have an RS Rating north of 80 as they launch their biggest price moves.
Posted: April 26, 2021, 8:21 am
These two earnings reports and investors' reactions to them show what's ahead for the market.
Posted: April 23, 2021, 5:27 pm
What happened Shares of footwear company Skechers (NYSE: SKX) soared on Friday following the release of the company's financial results for the first quarter of 2021. To summarize, it generated record revenue, margins rebounded, and Wall Street loved it.
Posted: April 23, 2021, 4:26 pm
Skechers soars and Morgan Stanley upgrades the footwear maker after it reports stronger-than-expected earnings.
Posted: April 23, 2021, 1:30 pm
Skechers' (SKX) first-quarter 2021 results gain from solid international wholesale business, sturdy direct-to-consumer business and increase in domestic e-commerce.
Posted: April 23, 2021, 12:47 pm
By Dhirendra Tripathi
Posted: April 23, 2021, 10:07 am
Stocks moving in premarket trading Friday include Snap, Intel, Mattel, Honeywell, American Express and Skechers.
Posted: April 23, 2021, 8:36 am
Certain statements contained herein, including without limitation, statements addressing the beliefs, plans, objectives, estimates or expectations of the Company or future results or events may constitute forward-looking statements that involve risks and uncertainties, specifically the COVID-19 pandemic has had and is currently having a significant impact on the Company's business, financial conditions, cash flow and results of operations. Such forward-looking statements with respect to the COVID-19 pandemic, include without limitation, the Company's plans in response to the pandemic. At this time, there is significant uncertainty about the duration and extent of the impact of the COVID-19 pandemic.
Posted: April 23, 2021, 2:30 am
Skechers (SKX) delivered earnings and revenue surprises of 28.57% and 10.85%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?
Posted: April 22, 2021, 9:25 pm
As of 4:30 p.m. ET, SKX stock was up more than 8% to $48.11.
Posted: April 22, 2021, 8:47 pm
SKECHERS U.S.A., Inc. ("Skechers" or the "Company") (NYSE:SKX), a global footwear leader, today announced financial results for the first quarter ended March 31, 2021.
Posted: April 22, 2021, 8:05 pm
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