Skechers U.S.A., Inc.’s (SKX) diversified portfolio, focusing on fashion, athletic, non-athletic and work footwear, underpins its resilience and broad market appeal. Emphasizing comfort-based products aligns with current consumer trends. The company’s strategic focus on multi-brand offerings, global retail expansion, digital transformation and direct-to-consumer (DTC) growth, coupled with its strong financial management, positions it well for sustained growth and market leadership in the dynamic global foot ...

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 Financial Officer, will participate in a fireside chat at the Raymond James 45th Annual Institutional Investors Conference in Orlando, FL on Monday, March 4, 2024 at 7:25 a.m. PT / 10:25 a.m. ET. The audio portion of the fireside chat will be available live and on replay for 90 days on the Company’s website at ...

LOS ANGELES--(BUSINESS WIRE)--Skechers is joining forces with Vexx: an artist who has captured the digital universe, galleries and museums on three continents. The global brand’s latest Visual Artist Series capsule, Skechers x Vexx features the creator’s signature “doodles” known around the world. His detailed, vibrant characters will appear on footwear, apparel and accessories for men and women. “As an artist, it’s been a priority for me to create without compromise—and Skechers celebrates that philosop ...

LOS ANGELES--(BUSINESS WIRE)--Skechers U.S.A., Inc. (NYSE:SKX), The Comfort Technology Company® and third-largest athletic footwear brand in the world, announces that it has surpassed 5,000 Skechers-branded retail store locations throughout more than 120 countries. Expanding the reach of Skechers shopping destinations currently operating globally, key openings leading up to the milestone have been in Chile, Greece, India, Mexico, South Korea, the United States, and the 5,000th store in Bogotá, Colombia. ...

Key PointsSkechers grew its worldwide store count to 5,168 retail locations worldwide, growing annual sales to a record $8 billion.Inventory bloat caused the company to cut its EPS guidance for the full year 2024 despite operating margins improving to 9.8% and gross margins reaching 51.9% in 2023.Positive shipments and bookings in the first part of Q1 2024 make management confident and optimistic about clearing out its excess inventory in 2024.  5 stocks we like better than Skechers U.S.A.Skechers U.S.A. In ...

Petco Love Celebrates 25 Year Milestone with 25 Love Stories Grant RecipientsSAN ANTONIO, Feb. 6, 2024 /PRNewswire/ -- In a special commemoration of 25 years of heartwarming pet adoption stories, Petco Love, in partnership with BOBS® from Skechers®, is proud to announce the winners of their annual Love Stories campaign. This year's campaign, celebrating a quarter-century of transformation and joy brought by pet adoption, will award 25 grants totaling $500,000 to animal welfare organizations across the natio ...

LOS ANGELES--(BUSINESS WIRE)--A spelling lesson may be unexpected during the Big Game, yet Skechers is returning for the 11th time with a commercial that does exactly that. This year, the Company is reminding the event’s massive television audience that while the brand has never had a ‘t’ in its name, there is one very memorable ‘t’ in Skechers…Mr. T. In a follow up to his first Skechers commercial that premiered in 2023, the A-Team icon is back—this time in Skechers Hands Free Slip-ins® to illustrate ho ...

Skechers U.S.A., Inc. (SKX) delivered mixed fourth-quarter 2023 results, with the bottom line outpacing the Zacks Consensus Estimate and the top line missing the same. However, both metrics improved year over year.The company's performance improved due to the strong brand appeal and high demand for its comfort-focused products, complemented by robust marketing and distribution efforts.Demand for comfort technology products, advantageous pricing and an increase in direct-to-consumer sales positively impacted ...

After reaching an important support level, Skechers (SKX) could be a good stock pick from a technical perspective. SKX surpassed resistance at the 20-day moving average, suggesting a short-term bullish trend.The 20-day simple moving average is a well-liked trading tool because it provides a look back at a stock's price over a 20-day period. Additionally, short-term traders find this SMA very beneficial, as it smooths out short-term price trends and shows more trend reversal signals than longer-term moving a ...

Skechers tripped up in overnight trading as the trainer maker missed Wall Street forecasts in its latest quarter even though sales hit a new record. Revenue in the three months to end December rose to US$1.96 billion, with gross margin also hitting a record at 53.1%, driven by the direct-to-consumer segment, said David Weinberg, chief operating officer. International sales were especially strong in the quarter, said Weinberg, rising by 6.9% compared to a 4.4% rise overall. Total sales for the year hit US$8 ...