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

PRAGUE--(BUSINESS WIRE)--NEW SKECHERS CONCEPT STORE OPENS IN PRAGUE.

LOS ANGELES--(BUSINESS WIRE)--Skechers Honored With the Icon Award for Social Impact at the Footwear News Achievement Awards.

LOS ANGELES--(BUSINESS WIRE)--Skechers USA, 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 Morgan Stanley Global Consumer & Retail Conference in New York City on Tuesday, December 3, 2024, at 5:45 a.m. PT / 8:45 a.m. ET. The audi...

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.