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

Skechers U.S.A's's (NYSE:SKX) stock is up by a considerable 54% over the past three months. Given that the market...
Posted: June 19, 2020, 2:39 pm
Q1 2020 Skechers USA Inc Earnings Call
Posted: June 11, 2020, 2:25 pm
Over the years, Nike (NYSE: NKE) has turned itself into a style icon by signing on big-name athletes to help sell shoes, but Skechers (NYSE: SKX) is an international sensation in its own right. Up until the novel coronavirus outbreak, annual sales had been averaging a low-teens percentage growth rate for years -- led by high demand in emerging markets and the company's brand of chunky sneakers featuring bulky soles. Nike may have Michael Jordan and LeBron James, but Skechers has DripReport.
Posted: June 11, 2020, 1:47 pm
In this article we will check out the progression of hedge fund sentiment towards Skechers USA Inc (NYSE:SKX) and determine whether it is a good investment right now. We at Insider Monkey like to examine what billionaires and hedge funds think of a company before spending days of research on it. Given their 2 and […]
Posted: June 10, 2020, 9:55 pm
SKECHERS USA, Inc. (NYSE: SKX), a global footwear leader, today announced that John Vandemore, Chief Financial Officer, will participate in a virtual fireside chat at the Evercore ISI Virtual Consumer & Retail Summit on Monday, June 15, 2020 at 11:00 AM ET.
Posted: June 8, 2020, 1:00 pm
Skechers saw its stock Relative Strength (RS) Rating climb to 71 Wednesday, up from 63 the day before, as retail prospects improve in the wake of the Covid-19 market crash. The apparel and shoes group that Skechers is in has a strong B+ rating on an A-E scale with A the best. Skechers, which makes and sell men's, women's and children's athletic, casual and dressy shoes, reported a 2.7% drop in sales for the first quarter, to $1.24 billion.
Posted: June 3, 2020, 5:29 pm
Skechers (SKX) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Posted: May 23, 2020, 3:30 pm
Palm Valley Capital recently released its Q1 2020 Investor Letter, a copy of which you can download below. The fund posted a return of 0.79% for the quarter, outperforming its benchmark, the S&P Small Cap 600 Index which returned -32.65% in the same quarter. You should check out Palm Valley Capital’s top 5 stock picks […]
Posted: May 19, 2020, 5:00 pm
Shares of Skechers (NYSE: SKX), Foot Locker (NYSE: FL), and The TJX Companies (NYSE: TJX) jumped 8% or more Monday as a wave of optimism pushed markets higher thanks to comments from Federal Reserve Chairman Jerome Powell and a positive vaccine development. One source of investor optimism was provided by biotech Moderna, which announced that its vaccine mRNA-1273 was found to be safe and well tolerated in an early-stage study and that it produced antibodies in patients that could "neutralize" the coronavirus. A second source of optimism was provided by Powell, who said the Fed had plenty of ammunition left if needed, adding, "There's a lot more we can do."
Posted: May 18, 2020, 7:19 pm
Mid-cap companies, as the title implies, are businesses that have grown enough to no longer be considered small but remain significantly smaller than the biggest corporations. While the definition is subjective and arbitrary, mid-caps are generally considered to be businesses with a market cap between $2 billion and $10 billion. Three that fit that description and look like buys right now are Skechers (NYSE: SKX), Universal Display (NASDAQ: OLED), and (NASDAQ: WIX).
Posted: May 18, 2020, 12:40 pm
SKECHERS USA, Inc. (NYSE:SKX), a global footwear leader, today announced that John Vandemore, Chief Financial Officer, will participate in a virtual fireside chat hosted by Kimberly Greenberger of Morgan Stanley, on Thursday, May 14, 2020 at 1:00 PM ET.
Posted: May 13, 2020, 1:00 pm
DripReport Song "Skechers" Becomes Global Phenomenon With Over 1 Billion Streams on TikTok
Posted: April 29, 2020, 4:00 pm
Skechers USA Inc. shares rose 3% in Friday trading after the athletic shoe company's first-quarter earnings report gave a positive long-term view. Skechers reported net income of $49.1 million, or 32 cents per share, down from $108.8 million, or 71 cents per share. Adjusted EPS of 39 cents was in line with expectations. Sales of $1.24 billion were down from $1.28 billion, but ahead of the $1.22 billion FactSet consensus. Same-store sales at company-owned stores fell 8.1%, including a 4.7% decline in the U.S. and a 16.6% drop internationally due to the spread of the coronavirus. Despite the challenges the pandemic presents, analysts are bullish. "Skechers is well positioned to emerge from the crisis in a position of strength," wrote Susquehanna Financial Group analysts led by Sam Poser. "The company has ample liquidity, brand momentum, and geographic and channel diversity, which should help Skechers weather the current crisis better than many peers." Susquehanna rates Skechers shares positive with a $32 price target. The company says it has $1.3 billion immediately available, including $490 million from an unsecured credit facility. Stifel analysts say the company's speed to market and scale will help it gain footwear category market share. Analysts there rate Skechers stock buy with a $43 price target. Skechers stock has dropped 17.8% while the S&P 500 index is down 4.2%. See: Skechers will benefit from the continued athleisure trend and global growth, UBS says
Posted: April 24, 2020, 2:33 pm
The company is proving it can battle the coronavirus.
Posted: April 23, 2020, 11:23 pm
At market close, its stock was up 1.09% to $25.
Posted: April 23, 2020, 9:18 pm
SKECHERS USA, Inc. (NYSE:SKX), a global footwear leader, today announced financial results for the first quarter ended March 31, 2020.
Posted: April 23, 2020, 8:05 pm
NEW YORK, NY / ACCESSWIRE / April 23, 2020 / SKECHERS USA, Inc. (NYSE:SKX) will be discussing their earnings results in their 2020 First Quarter Earnings call to be held on April 23, 2020 at 4:30 PM Eastern ...
Posted: April 23, 2020, 6:30 pm
The you know what is about to hit the fan in America's retail sector because of the coronavirus pandemic.
Posted: April 20, 2020, 2:20 pm
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