Skechers U.S.A., Inc. (SKX)
| Market Cap | 9.31B |
| Revenue (ttm) | 8.72B |
| Net Income (ttm) | 627.33M |
| Shares Out | 150.97M |
| EPS (ttm) | 4.05 |
| PE Ratio | 15.21 |
| Forward PE | 12.96 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 1,257,459 |
| Open | 61.37 |
| Previous Close | 61.01 |
| Day's Range | 61.21 - 62.40 |
| 52-Week Range | 54.95 - 75.09 |
| Beta | 1.23 |
| Analysts | Strong Buy |
| Price Target | 77.60 (+25.79%) |
| Earnings Date | Oct 24, 2024 |
About SKX
Skechers U.S.A., Inc. designs, develops, markets, and distributes footwear for men, women, and children worldwide. The company operates through Wholesale and Direct-to-Consumer segments. It offers footwear under Skechers Hands Free Slip-ins, Skechers Arch Fit, and Skechers Air-Cooled Memory Foam brands. In addition, the company provides men’s and women’s slip-resistant and safety-toe casuals, and boots for protective footwear in their work environments. It sells its products through department stores, family shoe stores, specialty running and s... [Read more]
Financial Performance
In 2023, Skechers U.S.A.'s revenue was $8.00 billion, an increase of 7.47% compared to the previous year's $7.44 billion. Earnings were $545.80 million, an increase of 46.32%.
Financial StatementsAnalyst Forecast
According to 11 analysts, the average rating for SKX stock is "Strong Buy." The 12-month stock price forecast is $77.6, which is an increase of 25.79% from the latest price.
News
Skechers to Relocate to Expanded Distribution Center in Liège to Support the Brand's Growth in Europe
BRUSSELS--(BUSINESS WIRE)--Skechers to Relocate to Expanded Distribution Center in Liège to Support the Brand's Growth in Europe.
Retail Stock Signal Has Never Been Wrong
Retailer Skechers USA (SKX) has taken an 8.2% haircut this quarter, which has resulted in the stock breaching its year-to-date breakeven level. Now trading at $61.59, the shares are a ways off their J...
The 16th Skechers Pier to Pier Friendship Walk Raises Over $3.4 Million for Kids
LOS ANGELES--(BUSINESS WIRE)--The 16th Skechers Pier to Pier Friendship Walk Raises Over $3.4 Million for Kids.
Skechers: Quality Model Fairly Valued, But I'm Concerned On Cyclicality Post Q3
Skechers U.S.A., Inc. posted 16% YoY growth in 3Q24, driven by strong U.S. wholesale performance, and expects a positive holiday season despite challenges in China. The company has built a strong valu...
Skechers' Q3 Was Strong
Skechers U.S.A., Inc. reported strong Q3 results with 15.9% revenue growth as the company's brand ambassador marketing has paid off. The footwear industry has been weak due to weak consumer spending, ...
Skechers Sales Climb to Record High
Skechers (SKX) on Friday reported better-than-expected quarterly results and raised its outlook for the year.
Skechers U.S.A., Inc. (SKX) Q3 2024 Earnings Call Transcript
Skechers U.S.A., Inc. (NYSE:SKX) Q3 2024 Earnings Conference Call October 24, 2024 4:30 PM ET Company Participants Melissa Tankersley - Digital Marketing Manager David Weinberg - Chief Operating Offi...
Skechers stock jumps, as ‘growing awareness' of comfort shoes lifts results
Shares of Skechers USA Inc. rallied after hours on Thursday after the sneaker maker boosted its full-year forecast, as enthusiasm for its comfort footwear held up despite a broader backdrop of more te...
Skechers Announces Third Quarter 2024 Financial Results and Record-breaking Quarterly Sales of $2.35 Billion
LOS ANGELES--(BUSINESS WIRE)--Skechers U.S.A., Inc. (“Skechers” or the “Company”) (NYSE:SKX), The Comfort Technology CompanyTM and a global footwear leader, today announced financial results for the t...
These 3 Stocks Show How to Navigate Declining Consumer Confidence
Historically, investors have bet on the consumer discretionary sector when the Federal Reserve (the Fed) cuts interest rates, as these typically have a positive effect on consumer spending habits thro...
Skechers: Lacing Up For Earnings Growth, Current Prices Attractive For The Long Term
Skechers: Lacing Up For Earnings Growth, Current Prices Attractive For The Long Term
Skechers to Report Third Quarter 2024 Financial Results on Thursday, October 24th
LOS ANGELES--(BUSINESS WIRE)--Skechers USA, Inc. (NYSE: SKX), The Comfort Technology Company™ and a global footwear leader, today announced that the Company will release its third quarter 2024 financi...
MY GYM AND SKECHERS LAUNCH SKECHERS KIDS MONTH
The September event is offering young families fun activities and giveaways featuring the footwear brand's Skechers Hands Free Slip-ins ® collection for kids SHERMAN OAKS, Calif. , Sept. 17, 2024 /PR...
Skechers to Present at the Wells Fargo Consumer Conference on September 19th
LOS ANGELES--(BUSINESS WIRE)--Skechers USA, Inc. (“Skechers” or the “Company”) (NYSE: SKX), The Comfort Technology Company™ and a global footwear leader, today announced that John Vandemore, Chief Fin...
Skechers CFO: Consumers willing to trade up for brand's value
Yahoo Finance senior reporter Brooke DiPalma sits down with Skechers (SKX) CFO John Vandemore at Goldman Sachs's Global Retailing Conference to discuss the shoe manufacturer's business and its operati...
BOBS® from Skechers® Launches Second Year of Paws for a Cause Design Scholarship
LOS ANGELES--(BUSINESS WIRE)--Skechers continues to connect young creatives across the country to the Company's lifesaving BOBS movement with the second year of its national Skechers Paws for a Cause ...
Skechers to Present at the Goldman Sachs Global Retailing Conference on September 4th
LOS ANGELES--(BUSINESS WIRE)--Skechers USA, Inc. (“Skechers” or the “Company”) (NYSE: SKX), The Comfort Technology Company™ and a global footwear leader, today announced that John Vandemore, Chief Fin...
Finding Everlasting Love: Petco Love and BOBS® from Skechers® Celebrate National Matchmaker Day
Recognizing Staff and Volunteers at Animal Welfare Organizations Who Pair Adoptable Pets with Their Possible Matches SAN ANTONIO , Aug. 27, 2024 /PRNewswire/ -- National nonprofit Petco Love, in partn...
Football Legend Ruud Gullit Joins Team Skechers
BRUSSELS & AMSTERDAM--(BUSINESS WIRE)--Football Legend Ruud Gullit Joins Team Skechers.
Howie Mandel Joins Skechers
LOS ANGELES--(BUSINESS WIRE)--Howie Mandel Joins Skechers.
Skechers Launches Footwear Collection With John Deere
LOS ANGELES--(BUSINESS WIRE)--SKECHERS LAUNCHES FOOTWEAR COLLECTION WITH JOHN DEERE.
Skechers Is An Excellent Long-Term Buy And Hold
Skechers is a steady performer in casual and athletic footwear, offering good returns to shareholders, with an impressive 14% annual return in the last 10 years. Skechers' sustainability, durability, ...
Analyst Bumps Up Skechers Price Forecast, Cites Strong Wholesale and European Growth Despite Earnings Miss
Wedbush analyst Tom Nikic reiterated an Outperform rating on Skechers U.S.A., Inc. SKX, raising the price forecast to $79 from $76.
Skechers USA, Inc. (SKX) Q2 2024 Earnings Call Transcript
Skechers USA (NYSE:SKX) Q2 2024 Earnings Conference Call July 25, 2024 4:30 PM ET Company Participants Jarred Dahlerbruch - Senior Product Manager David Weinberg - Chief Financial Officer John Vandem...