Skechers U.S.A., Inc. Class A Stock News

BRUSSELS--(BUSINESS WIRE)--Skechers to Relocate to Expanded Distribution Center in Liège to Support the Brand's Growth in Europe.

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.

LOS ANGELES--(BUSINESS WIRE)--The 16th Skechers Pier to Pier Friendship Walk Raises Over $3.4 Million for Kids.

Skechers U.S.A., Inc. posted 16% YoY growth in 3Q24, driven by strong U.S. wholesale performance, and expects a positive holiday season despite challenges in China. The company has built a strong value brand with a wide retail footprint, leveraging licensees for operational flexibility and reduced CAPEX risk. Skechers' valuation appears low at 14x FY24E earnings, but concerns over cyclicality a...

Skechers U.S.A., Inc. reported strong Q3 results with 15.9% revenue growth as the company's brand ambassador marketing has paid off. The footwear industry has been weak due to weak consumer spending, underlining the strength of Skechers' growth. Despite the great performance, SKX stock has remained stagnant, highlighting a remaining undervaluation.

Skechers (SKX) on Friday reported better-than-expected quarterly results and raised its outlook for the year.

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 Ame...

Shares of Skechers USA Inc. rallied after hours on Thursday after the sneaker maker boosted its full-year forecast, as enthusiasm for its comfort footwear held up despite a broader backdrop of more tepid demand.