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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The number of COVID-19 cases has crossed the 100,000 mark, as case counts in Iran and Italy continue to increase and Americans, worried about a cluster of infections in Washington state, begin preparing for the possibility of disruption.
Posted: March 6, 2020, 6:32 pm
Skechers USA Inc. shares slid 3% in premarket trade Friday, after the sporting shoe chain said the fallout from the coronavirus that has sickened more than 98,000 people around the world has got worse since it last updated investors when it reported earnings on Feb. 6. Skechers offered guidance at that time for first-quarter sales of $1.400 billion to $1.425 billion, and EPS of 70 cents to 75 cents. The FactSet outlook at the time was for sales of $1.419.7 billion and EPS of 74 cents. The guidance included an an initial estimate of the impact of events in China, the epicenter of the outbreak which started in the city of Wuhan late last year. "Things got worse," Chief Financial Officer John Vandemore told investors at a UBS conference on Thursday, according to a FactSet transcript. "We might be open to changing that (guidance). I can't tell you - things definitely have deteriorated to a degree, I think. And certainly, the global nature now of this issue not being just the China market is certainly evidence of that. I'll tell you today we're not in the position to change our guidance at this point. We're sticking with it." Vandemore said the big change is now coming in European countries that have experienced clusters of the illness, with Italy closing schools and universities. "That type of an impact will undoubtedly have some sort of reflection in demand patterns. To what extent? It's hard-pressed for me to know," he said. For now, the company is keeping a close eye on consumer behavior in China and other places and is monitoring its supply chain. Skechers' shares have fallen 4.4% in the last 12 months, while the S&P 500 has gained 9%.
Posted: March 6, 2020, 1:01 pm
Skechers Wins Men’s Footwear Brand of the Year at the 2020 Footwear Industry Awards
Posted: February 27, 2020, 9:00 am
The Goodyear Rubber & Tire Co. is hoping to gain some traction in the footwear market, by bringing its technology for making auto tires to Skechers shoes.
Posted: February 26, 2020, 10:36 pm
SKECHERS USA, Inc. (NYSE:SKX), a global footwear leader, today announced that John Vandemore, Chief Financial Officer, will participate in a fireside chat at the UBS Global Consumer and Retail Conference taking place at the Four Seasons Hotel in Boston, on Wednesday, March 4, 2020 at 9:45 AM ET.
Posted: February 26, 2020, 9:05 pm
Global footwear powerhouse Skechers is building on the technology in its footwear through a new collaboration with The Goodyear Tire & Rubber Company (NASDAQ: GT). Select styles across multiple categories for men, women and kids will utilize Goodyear rubber technology in custom Skechers outsoles that will deliver increased grip, stability and durability.
Posted: February 26, 2020, 4:30 pm
Skechers Collaborates With Goodyear on Footwear
Posted: February 26, 2020, 2:00 pm
Starbucks Corp. and Skechers USA Inc. are among the companies with the most exposure to disruption in China due to the coronavirus, according to Cowen analysts. Starbucks said it would've raised its guidance when it announced its earnings in late January, with Cowen saying the company has the greatest exposure in its restaurant coverage. But the illness outbreak shuttered more than half of its stores in the region. Starbucks shares were down 3% in Monday premarket trading. Skechers has 20% estimated revenue exposure in China, according to Cowen data, and 40% growth exposure. Skechers stock is down 3.8% in premarket trading. VF Corp. , which has a portfolio including The North Face and Vans and has shares down 3.3% in premarket, has about 15% revenue exposure, and Nike Inc. about 19%. Nike stock is down 4% in Monday premarket trading. There are also concerns from UBS analysts that Nike could miss earnings estimates due to the outbreak. Wells Fargo analysts warn that shelves could begin to empty in April due to supply chain disruption, but Cowen says there's "not yet explicit risk" as companies have "not yet fully accounted for any potential disruptions." The ProShares Decline of the Retail Store ETF has gained 7.4% in Monday premarket trading and is up 4.8% over the last year. The SPDR S&P Retail ETF is up 1.4% for the past 12 months. And the S&P 500 index is up 19.5% for the last year.
Posted: February 24, 2020, 2:08 pm
Skechers GO RUN Razor 3 Hyper Named "Editors’ Choice" by Runner’s World
Posted: February 24, 2020, 2:00 pm
Shares of Under Armour (NYSE:UAA) plunged in early February after the struggling athletic apparel maker reported mixed fourth quarter numbers that included a dismal 2020 guide. Of note, while Under Armour's profits in the fourth quarter matched analyst expectations, management guided for just 13 cents in earnings per share in 2020 (at best), versus a consensus sell-side estimate of 46 cents.Source: Sundry Photography / That means Under Armour projects to earn less than 30% of what Wall Street thought the company would earn this year. Investors naturally freaked out in response, and UAA stock fell by 20% to its lowest levels in over a year.At this point in time, I think it's smart to play the contrarian and buy the dip in Under Armour stock.InvestorPlace - Stock Market News, Stock Advice & Trading TipsMy rationale is simple. First, Under Armour's fundamentals are bad but not awful, and the company should keep growing. Considering that reality, shares seem undervalued here. * 7 Exciting Stocks to Buy for Aggressive Investors Second, the stock has formed formidable technical support at the $16 to $17 range over the past few years, and shares are presently closing in on those levels. And third, a big portion of the sell-off has to do with coronavirus anxiety, which ought to subside in the coming months.All in all, I like Under Armour stock on the dip. Over the next few months, I expect shares to find support around $16 to $17 and rebound back above $20. All is not LostUnder Armour's fourth quarter earnings report was bad and 2020 guidance was even worse. But all is not lost, and there are still plenty of things to like about this company.Sure, revenues rose just 4% in the fourth quarter, and are expected to drop by roughly 2% next year. That's not good. But Under Armour is still one of the four major players in the athletic apparel market, alongside Nike (NYSE:NKE), Adidas (OTCMKTS:ADDYY) and Skechers (NYSE:SKX). That market remains supported by secular adoption tailwinds. Granted, those tailwinds are stronger on the lifestyle side of the market, and less strong on the performance side (where Under Armour operates).Nonetheless, revenue erosion is unlikely to last beyond 2020, and market tailwinds coupled with easier laps will bring positive revenue growth back next year.Below the top-line, things actually aren't so bad. Gross margins rose by 230 basis points in the quarter amid supply chain enhancements and lower discounting. They are expected to rise another 40 basis points next year for the same reasons. Concurrently, while opex rates are rising, that's mostly because of sluggish revenue growth. Expenses rose just 2% in 2019. Continued moderate expense growth plus gross margin expansion lay the groundwork for profits to roar higher once revenue growth turns positive again.All in all, then, Under Armour is just getting stung by some near-term demand headwinds. These demand headwinds won't last. Once they pass, Under Armour will return to being a low single digit revenue growth and double-digit earnings growth company. Under Armour Stock is CheapAt current levels, there are two big things to like about Under Armour stock.First, the stock is cheap relative to the company's realistic earnings growth prospects. After this year, Under Armour should return to and sustain low single digit revenue growth, thanks to broader athletic apparel market tailwinds. Gross margins will keep moving higher as the company starts selling more into full-price channels and eases on discounting. Operating expense rates will compress as management maintains a ~2% expense growth rate.Putting all that together, from this year's projected 13 cents earnings per share base, Under Armour's profits will likely rise towards $1.25 by 2025. Based on an apparel retail sector-average 23-times forward earnings multiple and a 10% annual discount rate, that implies a 2020 price target for the stock of nearly $20.Second, the stock will find powerful technical support in the $16 to $17 range. Since early 2018, Under Armour stock has bottomed out at these levels several times, namely in April 2018, October 2018, December 2018, August 2019 and November 2019.It is fairly likely that shares once again find support at these levels. If they do, that means the worst of this sell-off is over, and the stock is due for a relief rally over the coming months. Bottom Line on UAA StockUnder Armour is struggling. These struggles will continue, but the valuation on Under Armour stock is cheap, and shares are running into multi-year technical support levels. As such, it makes sense to start buying the dip in Under Armour stock here. Over the coming months, it's quite likely that shares stabilize around $17 before popping back to $20.As of this writing, Luke Lango did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Exciting Stocks to Buy for Aggressive Investors * 20 Stocks to Buy From the Law of Accelerating Returns * 7 U.S. Stocks to Buy on Coronavirus Weakness The post Play the Contrarian And Buy the Dip in Under Armour Stock appeared first on InvestorPlace.
Posted: February 14, 2020, 5:07 pm
Q4 2019 Skechers USA Inc Earnings Call
Posted: February 12, 2020, 4:58 pm
Skechers Adds Speed to the Team Signing Elite Runner Anthony Famiglietti
Posted: February 12, 2020, 2:00 pm
Skechers says sales reached record levels in the fourth quarter thanks to a number of categories, including running and “dad sneakers.”
Posted: February 10, 2020, 5:39 pm
It's been a good week for Skechers U.S.A., Inc. (NYSE:SKX) shareholders, because the company has just released its...
Posted: February 10, 2020, 4:16 pm
Skechers' (SKX) fourth-quarter 2019 results benefit from strength in domestic and international businesses, with each region contributing double-digit growth.
Posted: February 7, 2020, 7:41 pm
Skechers USA shares jumped after the shoe producer and retailer met profit estimates for the fourth quarter and a number of analysts raised their target prices.
Posted: February 7, 2020, 6:12 pm
The major stock indexes were broadly lower early Friday despite a strong jobs report. IPO stocks Pinterest and Uber soared on earnings.
Posted: February 7, 2020, 3:12 pm
After hours: Uber rose into a buy zone on its results. So did archrival Lyft. Pinterest, and eBay also moved on news.
Posted: February 7, 2020, 1:09 pm
Skechers earnings were in line with views while sales jumped 23%, the third straight quarter of accelerating growth. Skechers stock jumped in late trade.
Posted: February 6, 2020, 11:22 pm
Skechers (SKX) delivered earnings and revenue surprises of 0.00% and 6.66%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?
Posted: February 6, 2020, 10:35 pm
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