Skechers (SKX) Q4 Earnings Beat Estimates, Sales Rise Y/Y

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 ...