Core Insights - Skechers U.S.A., Inc. (SKX) shares have increased by 26% over the past year, outperforming the Zacks Shoes and Retail Apparel industry's decline of 11.6% [1] - The company is focusing on omnichannel capabilities and global market expansion, leading to significant growth in both wholesale and direct-to-consumer (DTC) segments [1][5] - Skechers' stock is currently trading at a forward 12-month price-to-earnings ratio of 13.09, which is below its five-year median of 15.37 and the industry's average of 25.31, indicating attractive valuation for investors [2] Financial Performance - In Q3 2024, Skechers' wholesale sales rose by 20.6% to $1.42 billion, driven by a 26% increase in domestic sales and an 18% rise internationally [6] - The DTC segment also saw a 9.6% increase in sales, reaching $931.7 million, with international DTC sales up 14.4% [7] - Skechers raised its fiscal 2024 sales outlook to between $8.93 billion and $8.98 billion, up from the previous estimate of $8.88-$8.98 billion, and increased its EPS forecast to $4.20-$4.25 from $4.08-$4.18 [8][10] Strategic Initiatives - The company is investing $375-$400 million in capital expenditures to support store openings, omnichannel expansion, and distribution infrastructure improvements [9] - Skechers' multi-brand strategy allows for the introduction of new products without impacting existing brands, broadening its consumer appeal [4][12] - The focus on comfort technology has enhanced consumer appeal and contributed to robust performance across both physical and online channels [7][12] Market Outlook - Analysts have positively revised earnings estimates for Skechers, with the consensus estimate for the current financial year increased by 7 cents to $4.21 per share [10] - The consensus estimate for the next financial year has also been raised by 4 cents to $4.85 per share, indicating expected growth of 12.2% and 9.4% for the current and next year's sales, respectively [11]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-14429 SKECHERS U.S.A., INC. (Exact name of registrant as specified in its charter) Delaware 95-4376145 (State or other jurisdiction of incorporation or organization) (I. ...

Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. However, it isn't easy to find a great growth stock. That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss. However, the Zacks Growth Style Score (part of the Zacks Style Scores system), which look ...

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 June 12 record highs of $75.09. The upside is this has SKX encountering a historically bullish trendline. According to Schaeffer's Senior Quantitative Analyst Rocky White, SKX is within one standard deviation of its 320-day moving average. Over the past three years, the shares have seen four similar signals, and ...

Did you analyze how Skechers (SKX) fared in its international operations for the quarter ending September 2024? Given the widespread global presence of this shoe company, scrutinizing the trends in international revenues becomes imperative to assess its financial strength and future growth possibilities. In the modern, closely-knit global economic landscape, the capacity of a business to access foreign markets is often a key determinant of its financial well-being and growth path. Investors now place great ...

Skechers U.S.A., Inc. (NYSE: SKX ) released its Q3 2024 results , with a growth of 16%, and is expecting a good holiday season. Growth was well distributed across regions, except for a challenged China, a muted DTC inLong-only investment, evaluating companies from an operational, buy-and-hold perspective.Quipus Capital does not focus on market-driven dynamics and future price action. Instead, our articles focus on operational aspects, understanding the long-term earnings power of companies, the competitive ...

Skechers U.S.A., Inc. (NYSE: SKX ), the footwear company, reported its Q3 results on the 24th of October after the market close. The results came with strong growth despite weak market conditions, and profitability stayedI am an avid investor with a major focus on small cap companies with experience in investing in US, Canadian, and European markets. My investment philosophy to generating great returns on the stock market revolves around identifying mispriced securities by understanding the drivers behind a ...

Key Takeaways Skechers' third-quarter profit and sales topped estimates as demand for its shoes boosted revenue to a record high. International sales were up 16.4% from a year ago, and domestic sales added 15.3%. Skechers lifted its full-year outlook for revenue and earnings per share. Skechers (SKX) on Friday reported better-than-expected quarterly results and raised its outlook for the year. The footwear company posted third-quarter earnings per share of $1.26, with revenue up 15.9% year-on-year to a quar ...

For the quarter ended September 2024, Skechers (SKX) reported revenue of $2.35 billion, up 15.9% over the same period last year. EPS came in at $1.26, compared to $0.93 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $2.32 billion, representing a surprise of +1.30%. The company delivered an EPS surprise of +9.57%, with the consensus EPS estimate being $1.15.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street ex ...

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 Officer John Vandemore - Chief Financial Officer Conference Call Participants Jay Sole - UBS Laurent Vasilescu - BNP Paribas Jim Duffy - Stifel Alex Straton - Morgan Stanley Chris Nardone - Bank of America Krisztina Katai - Deutsche Bank Krista Zuber - TD Cowen Paul Kearney - Barclays Jesalyn Wong - Evercore Operato ...