Skechers USA is a footwear company that designs, develops, and markets a wide range of shoes for men, women, and children
Renowned for its innovative designs, the brand offers various lifestyle and athletic footwear options, catering to consumers seeking both comfort and style. In addition to footwear, Skechers also provides accessories and apparel, promoting a lifestyle brand that emphasizes health, fitness, and casual wear. With a global presence, the company operates retail stores, e-commerce platforms, and works with various distributors to reach customers worldwide.
Over the past six months, Skechers’s shares (currently trading at $63.53) have posted a disappointing 9.2% loss, well below the S&P 500’s 6.4% gain. This was partly driven by its softer quarterly results and may have investors wondering how to approach the situation.
Skechers USA, Inc. (“Skechers” or the “Company”) (NYSESKX), 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 Institutional Investor Conference in Orlando, FL on Tuesday, March 4, 2025, at 4:30 a.m. PT / 7:30 a.m. ET.
Billionaire investor Stanley Druckenmiller's family office Duquesne has divested his entire stake in Broadcom, simultaneously increasing his investments in major tech companies, as revealed in a recent 13-F filing.
Seeking Comfort That Performs® on the court, Los Angeles Clippers shooting guard Norman Powell is now exclusively playing in Skechers Basketball footwear after signing with the performance brand. Powell is set to compete in the 3-point contest during NBA All-Star Weekend on Saturday, February 15.
Shares of footwear company Skechers (NYSESKX)
fell 14% in the afternoon session after the company reported weak fourth-quarter results. Its EPS missed significantly, and its EPS guidance for next quarter fell short of Wall Street's estimates. Also, growth was weak, as revenue was only roughly in line with expectations. The company noted ongoing challenges in China, a big consumer market. Overall, this was a softer quarter.
Footwear company Skechers (NYSESKX) met Wall Street’s revenue expectations in Q4 CY2024, with sales up 12.8% year on year to $2.21 billion. On the other hand, next quarter’s revenue guidance of $2.42 billion was less impressive, coming in 2.6% below analysts’ estimates. Its GAAP profit of $0.65 per share was 12.9% below analysts’ consensus estimates.
Shares of Skechers USA are down after the company posted Q4 sales of $2.21 billion, missing expectations. EPS of $0.65 also missed the analyst consensus of $0.74.
Let's have a look at what is happening on the US markets after the closing bell on Thursday. Below you can find the top gainers and losers in today's after hours session.
Skechers U.S.A., Inc. (“Skechers” or the “Company”) (NYSESKX), The Comfort Technology Company® and a global footwear leader, today announced financial results for the fourth quarter and full year ended December 31, 2024.
It's a mixed session on Wall Street, with major indices struggling for direction as investors hold their breath ahead of a key jobs report set for Friday morning. The S&P 500 and the Nasdaq 100 edged up 0.3%, while the Dow Jones slipped 0.1% and small caps held steady.
