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

Posted: February 17, 2021, 2:00 pm
Earnings, cash flow, and the balance sheet matter, even if they don't seem to matter all that much today. "The market is like a large movie theatre with a small door," says Nassim Nicholas Taleb in Skin in the Game. Many investors are piling into the hottest stocks at valuations that require some serious mental gymnastics to justify.
Posted: February 16, 2021, 1:58 pm
Apparel was one of the hardest-hit industries in 2020, but Skechers financials are back to even with a year ago.
Posted: February 10, 2021, 4:09 pm
The underlying business and product remains solid but are at the mercy of the global health crisis and its dramatic twists and turns.
Posted: February 5, 2021, 5:11 pm
Skechers' (SKX) Q4 results reflect the impacts of COVID-led restrictions, including soft traffic at stores, reduced store hours and closures in certain markets. E-commerce trends remain robust.
Posted: February 5, 2021, 4:21 pm
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. Such forward-looking statements with respect to the COVID-19 pandemic include, without limitation, the company's plans in response to the pandemic. The dynamic nature of these circumstances means that what is said on this call could change at any time and as a result, actual results could differ materially from those contemplated by such forward-looking statements.
Posted: February 5, 2021, 12:00 pm
Skechers (SKX) delivered earnings and revenue surprises of -11.11% and 1.09%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?
Posted: February 4, 2021, 11:55 pm
Shares of Skechers USA (NYSE:SKX) decreased in after-market trading after the company reported Q4 results. Quarterly Results Earnings per share were down 38.46% over the past year to $0.24, which missed the estimate of $0.30. Revenue of $1,325,000,000 decreased by 0.45% from the same period last year, which beat the estimate of $1,310,000,000. Guidance Skechers USA hasn't issued any earnings guidance for the time being. Revenue guidance hasn't been issued by the company for now. Conference Call Details Date: Feb 04, 2021 View more earnings on SKX Time: 04:30 PM ET Webcast URL: Technicals Company's 52-week high was at $44.50 52-week low: $17.06 Price action over last quarter: Up 10.69% Company Description Skechers USA Inc is a lifestyle footwear company under the Skechers GO brand name. Products offered include various styles of women's shoes, men's shoes, girls' shoes, boys' shoes, performance shoes, and work shoes. Allied products offered are apparel, bags, eyewear, toys, and more. Its products are available for sale at department and specialty stores, athletic and independent retailers, boutiques and internet retailers. Geographic areas in which its products are sold include the United States, Canada, Other International that comprise of Asia, Central America, Europe, North America, and South America. Income is derived from the sale of footwear and royalties earned from licensing the Skechers brand. See more from BenzingaClick here for options trades from Benzinga12 Consumer Discretionary Stocks Moving In Thursday's After-Market SessionPreview: Skechers USA's Earnings© 2021 Benzinga does not provide investment advice. All rights reserved.
Posted: February 4, 2021, 10:49 pm
As of 4:30 p.m. ET, SKX shares were down 8.2% to $34.15.
Posted: February 4, 2021, 9:55 pm
SKECHERS U.S.A., Inc. ("Skechers" or the "Company") (NYSE:SKX), a global footwear leader, today announced financial results for the fourth quarter and full year ended December 31, 2020.
Posted: February 4, 2021, 9:05 pm
We have narrowed down our search to six stocks slated to release earnings results today after the closing bell. These are: F, SNAP, SYNA, MCHP, SKYW and SKX.
Posted: February 4, 2021, 1:10 pm
The Zacks Analyst Blog Highlights: Adtalem Global Education, Snap-on, Vista Outdoor, News Corp and Skechers
Posted: February 3, 2021, 3:39 pm
Skechers USA (NYSE:SKX) unveils its next round of earnings this Thursday, February 04. Here is Benzinga's everything-that-matters guide for the earnings announcement. What Are Earnings, Net Income, And Earnings Per Share? Earnings and especially earnings per share (EPS) are useful measures of a company's profitability. Total earnings, which is also referred to as net income, equals total revenue minus total expenses. EPS equals to net income divided by the number of shares outstanding. Earnings And Revenue Analysts predict Skechers USA will report earnings of $0.3 per share on revenue of $1.31 billion. Skechers USA earnings in the same period a year ago was $0.39 per share. Quarterly sales came in at $1.33 billion. What Are Analyst Estimates And Earnings Surprises, And Why Do They Matter? Analysts who cover this company will publish forward-looking estimates of its revenue and EPS each quarter. Averaging together every EPS and revenue prediction that each analyst makes about a company in a quarter yields the "consensus estimates." A company posting earnings or revenue above or below the consensus estimate is known as an "earnings surprise" and may move the stock by a considerable margin. View more earnings on SKX The analyst consensus estimate would represent a 23.08% decrease in the company's earnings. Sales would be down 1.58% from the year-ago period. The company's reported EPS has stacked up against analyst estimates in the past like this: Quarter Q3 2020 Q2 2020 Q1 2020 Q4 2020 EPS Estimate 0.42 -0.50 0.39 0.39 EPS Actual 0.53 -0.44 0.39 0.39 Revenue Estimate 1.22 B 684.92 M 1.22 B 1.25 B Revenue Actual 1.30 B 729.47 M 1.24 B 1.33 B Stock Performance Shares of Skechers USA were trading at $34.74 as of February 02. Over the last 52-week period, shares are down 7.41%. Given that these returns are generally negative, long-term shareholders are likely a little upset going into this earnings release. Do not be surprised to see the stock move on comments made during its conference call. Skechers USA is scheduled to hold the call at 16:30:00 ET and can be accessed here. See more from BenzingaClick here for options trades from BenzingaPreview: Fleetcor Technologies's EarningsEarnings Preview for CURO Group Holdings© 2021 Benzinga does not provide investment advice. All rights reserved.
Posted: February 3, 2021, 3:04 pm
Posted: February 3, 2021, 2:00 pm
Skechers (SKX) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
Posted: February 3, 2021, 1:31 pm
Skechers' (SKX) fourth-quarter performance is likely to reflect weak domestic and international sales amid the pandemic.
Posted: February 2, 2021, 2:16 pm
Five Consumer Discretionary stocks with a favorable Zacks Rank are set to beat on earnings results this week. These are: ATGE, NWSA, SKX, SNA and VSTO.
Posted: February 2, 2021, 12:12 pm
Today we will run through one way of estimating the intrinsic value of Skechers U.S.A., Inc. ( NYSE:SKX ) by taking the...
Posted: February 2, 2021, 10:15 am
It's a big week for earnings reports and will tell us how the holiday season really went.
Posted: January 29, 2021, 8:17 pm
Skechers (SKX) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Posted: January 28, 2021, 5:32 pm
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