Skechers U.S.A., Inc. (SKX)
| Market Cap | 10.43B |
| Revenue (ttm) | 8.25B |
| Net Income (ttm) | 591.98M |
| Shares Out | 153.28M |
| EPS (ttm) | 3.80 |
| PE Ratio | 17.91 |
| Forward PE | 16.54 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 1,043,759 |
| Open | 67.01 |
| Previous Close | 66.98 |
| Day's Range | 67.01 - 68.17 |
| 52-Week Range | 45.58 - 69.07 |
| Beta | 1.30 |
| Analysts | Buy |
| Price Target | 66.91 (-1.7%) |
| Earnings Date | Apr 25, 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, SKX'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 "Buy." The 12-month stock price forecast is $66.91, which is a decrease of -1.70% from the latest price.
News
Skechers Opens Its First Store in Brussels
WAALWIJK, Netherlands--(BUSINESS WIRE)--SKECHERS OPENS ITS FIRST STORE IN BRUSSELS.
Skechers CFO: We're taking share across-the-board as we bring 'newness and innovation'
John Vandemore, Skechers CFO, joins 'Money Movers' to discuss who the company is most taking share from, the distinction in the way Skechers' brand is being perceived, and how big celebrity endorsemen...
Skechers Stock Soars Toward Record High After Earnings. Here's Why.
Raymond James analyst Rick Patel raised his price target on the stock to $72 from $66.
Skechers stock soars 7% after earnings crush estimates and company offers upbeat guidance
Skechers Inc.'s stock soared 7% in after-hours trade Thursday, after the athletic footwear company swept past earnings estimates for the first quarter.
Skechers Announces First Quarter 2024 Financial Results and Record Sales of $2.25 Billion
LOS ANGELES--(BUSINESS WIRE)--Skechers U.S.A., Inc. (“Skechers” or the “Company”) (NYSE:SKX), The Comfort Technology Company™ and a global footwear leader, today announced financial results for the fi...
Albert Pujols Signs With Team Skechers
LOS ANGELES--(BUSINESS WIRE)--Albert Pujols Signs With Team Skechers; Future Baseball Hall of Famer Appears in Skechers Hands Free Slip-ins® Campaign.
Footwear brands are at their best when they stick to their gun, says Barclay's Adrienne Yih
Adrienne Yih, Barclays U.S. retail senior analyst, joins 'Power Lunch' to discuss Barclays expanding its coverage into footwear stocks and identifying which retailers are winning in the space.
Skechers to Report First Quarter 2024 Financial Results on Thursday, April 25th
LOS ANGELES--(BUSINESS WIRE)--Skechers USA, Inc. (NYSE: SKX), The Comfort Technology Company™, today announced that the Company will release its first quarter 2024 financial results after market close...
SEC Charges Skechers with Making Undisclosed Payments to Executives' Family Members
Company also charged with failing to disclose outstanding loans to its executives Washington, D.C.--(Newsfile Corp. - March 7, 2024) - The Securities and Exchange Commission today announced that Skech...
Skechers to Present at the UBS Global Consumer and Retail Conference on March 13th
LOS ANGELES--(BUSINESS WIRE)--Skechers U.S.A., Inc. (“Skechers” or the “Company”) (NYSE:SKX), The Comfort Technology Company™ and a global footwear leader, today announced that John Vandemore, Chief F...
Skechers to Present at the Raymond James 45th Annual Institutional Investors Conference on March 4th
LOS ANGELES--(BUSINESS WIRE)--Skechers U.S.A., Inc. (“Skechers” or the “Company”) (NYSE:SKX), The Comfort Technology Company™ and a global footwear leader, today announced that John Vandemore, Chief F...
Skechers Joins Forces With Global Art Phenom Vexx
LOS ANGELES--(BUSINESS WIRE)--Skechers Joins Forces With Global Art Phenom Vexx.
Skechers Launches High-Tech Warehouse With Hai Robotics' Automated Goods-to-Person System
FREMONT, Calif.--(BUSINESS WIRE)--Skechers USA, a leading global footwear and apparel company, turns to Hai Robotics ("Hai"), a leading global provider of Automated Storage and Retrieval Systems (ASRS...
Skechers: On the Way to 10,000 Stores
LOS ANGELES--(BUSINESS WIRE)--Skechers: On the Way to 10,000 Stores; Global Footwear Brand Opens 5,000th Skechers Location.
Skechers Board of Directors Wins Victory in Shareholder Derivative Suit
LOS ANGELES--(BUSINESS WIRE)--SKECHERS BOARD OF DIRECTORS WINS VICTORY IN SHAREHOLDER DERIVATIVE SUIT.
Petco Love and BOBS® from Skechers® Announce Winners of Annual Petco Love Stories Campaign, Awarding $500,000 in Grants to Animal Welfare Organizations
Petco Love Celebrates 25 Year Milestone with 25 Love Stories Grant Recipients SAN ANTONIO , Feb. 6, 2024 /PRNewswire/ -- In a special commemoration of 25 years of heartwarming pet adoption stories, Pe...
Cautious retailers continue to be a ‘Grinch' for these clothing and shoe makers
The broader economy might be holding up. But if Thursday's results from Skechers USA and Columbia Sportswear Co. are any indication, the part of it that involves buying shoes and jackets might still b...
Skechers slides on Q4 sales miss, as retailers ‘conservatively manage' inventory levels
Shares of Skechers USA Inc. fell 10.8% in extended trading Thursday after the comfort-footwear maker reported weaker-than-expected fourth-quarter sales amid a decline in its wholesale business.
Skechers Announces Record Annual Sales of $8.00 Billion for 2023
LOS ANGELES--(BUSINESS WIRE)--Skechers U.S.A., Inc. (“Skechers” or the “Company”) (NYSE:SKX), The Comfort Technology Company™ and a global footwear leader, today announced financial results for the fo...
Earnings Exchange: ExxonMobil, Chevron, Clorox & Skechers
Chris Grisanti, MAI Capital Management chief equity strategist, joins ‘The Exchange' to discussExxonMobil, Chevron, Skechers and Clorox.
Red Sea disruption forces retailers to rethink back-to-school and holiday shipments
The disruption caused by Houthi attacks on cargo ships in the Red Sea is forcing U.S. retailers to rethink how back-to-school and holiday shipments are handled, according to the National Retail Federa...
These retail stocks could be exposed to Red Sea disruption, say analysts
A number of retail stocks could be exposed to the fallout from the Houthi attacks on cargo ships in the Red Sea, say analysts.
BOBS from Skechers® Design Scholarship Winners Announced
LOS ANGELES--(BUSINESS WIRE)--BOBS From Skechers® Design Scholarship Winners Announced.
Footballer Oleksandr Zinchenko Signs With Skechers
LONDON--(BUSINESS WIRE)--Skechers expands its reach in football by signing Premier League Arsenal and Ukrainian National Team defender Oleksandr Zinchenko to its all-star roster of elite pros that inc...
o9 Solutions Partners With Skechers to Digitally Transform the Company's Retail Planning Processes
DALLAS--(BUSINESS WIRE)--o9 Solutions, a leading enterprise AI software platform provider for transforming planning and decision-making, today announced that Skechers, The Comfort Technology Company™,...