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Skechers Usa Inc  (SKX)
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Price: $60.1800 $-0.73 -1.198%
Day's High: $61.46 Week Perf: -1.75 %
Day's Low: $ 60.05 30 Day Perf: -0.25 %
Volume (M): 1,220 52 Wk High: $ 65.17
Volume (M$): $ 73,402 52 Wk Avg: $53.70
Open: $60.87 52 Wk Low: $43.48



 Market Capitalization (Millions $) 9,400
 Shares Outstanding (Millions) 156
 Employees 9,200
 Revenues (TTM) (Millions $) 7,917
 Net Income (TTM) (Millions $) 630
 Cash Flow (TTM) (Millions $) 592
 Capital Exp. (TTM) (Millions $) 334

Skechers Usa Inc

We design and market Skechers-branded lifestyle footwear for men, women and children, and performance footwear for men and women under the Skechers GO brand name. Our footwear reflects a combination of style, comfort, quality and value that appeals to a broad range of consumers. Our brands are sold through department and specialty stores, athletic and independent retailers, boutiques and internet retailers. In addition to wholesale distribution, our footwear is available at our e-commerce websites and our own retail stores. As of February 15, 2016, we owned and operated 119 concept stores, 155 factory outlet stores and 117 warehouse outlet stores in the United States, and 82 concept stores, 41 factory outlet stores, and five warehouse outlet stores internationally. Our objective is to profitably grow our operations worldwide while leveraging our recognizable Skechers brand through our strong product lines, innovative advertising and diversified distribution channels.

We seek to offer consumers a vast array of stylish and comfortable footwear that satisfies their active, casual, dress casual and athletic footwear needs. Our core consumers are style-conscious men and women attracted to our youthful brand image and fashion-forward designs, as well as athletes and fitness enthusiasts attracted to our performance footwear. Many of our best-selling and core styles are also developed for children with colors and materials that reflect a playful image appropriate for this demographic.


We believe that brand recognition is an important element for success in the footwear business. We have aggressively marketed our brands through comprehensive marketing campaigns for men, women and children. During 2015, our Skechers brand was supported by print, television, digital and outdoor campaigns for men and women; animated and live action kids’ television campaigns featuring our own action heroes and characters; marathons and other events for our Skechers Performance Division; donation events surrounding our BOBS from Skechers charitable footwear program; and print, television, online and outdoor campaigns featuring our Skechers Performance and Skechers lifestyle endorsees. These endorsees included globally known recording artists Demi Lovato and Ringo Starr; sports legends Sugar Ray Leonard, Pete Rose, Joe Montana, Joe Namath and Mariano Rivera; and television personalities and actresses Brooke Burke-Charvet and Kelly Brook. For the Skechers Performance Division, we also had Olympians Meb Keflezighi and Kara Goucher; and professional golfers Matt Kuchar, Belen Mozo, Billy Andrade and Colin Montgomerie.


Since 1992, when we introduced our first line, Skechers USA Sport Utility Footwear, we have expanded our product offering and grown our net sales while substantially increasing the breadth and penetration of our account base. Our men’s, women’s and children’s Skechers-branded product lines benefit from the Skechers reputation for styling, quality, comfort, innovation and affordability. Our Performance lines benefit from our marketing, product development and manufacturing support, and management expertise. To promote innovation and brand relevance, we manage our product lines separately by utilizing dedicated sales and design teams. Our product lines share back office services in order to limit our operating expenses and fully utilize our management’s vast experience in the footwear industry.

We believe that our products’ success is related to our ability to recognize trends in the footwear markets and to design products that anticipate and accommodate consumers’ ever-evolving preferences. We are able to quickly translate the latest fashion trends into stylish, quality footwear at a reasonable price by analyzing and interpreting current and emerging lifestyle trends. Lifestyle trend information is compiled and analyzed by our designers in various ways, including reviewing and analyzing pop culture, clothing, and trend-setting media; traveling to domestic and international fashion markets to identify and confirm current trends; consulting with our retail and e-commerce customers for information on current retail selling trends; participating in major footwear trade shows to stay abreast of popular brands, fashions and styles; and subscribing to various fashion and color information services. In addition, a key component of our design philosophy is to continually reinterpret and develop our successful styles in our brands’ images.


The footwear design process typically begins about nine months before the start of a season. Our products are designed and developed primarily by our in-house design staff. To promote innovation and brand relevance, we utilize dedicated design teams, who report to our senior design executives and focus on each of the men’s, women’s and children’s categories. In addition, we utilize outside design firms on an item-specific basis to supplement our internal design efforts. The design process is extremely collaborative, as members of the design staff frequently meet with the heads of retail, merchandising, sales, production and sourcing to further refine our products to meet the particular needs of the target market.


After a design team arrives at a consensus regarding the fashion themes for the coming season, the designers then translate these themes into our products. These interpretations include variations in product color, material structure and embellishments, which are arrived at after close consultation with our production department. Prototype blueprints and specifications are created and forwarded to our manufacturers for design prototypes. The design prototypes are then sent back to our design teams. Our major retail customers may also review these new design concepts. Customer input not only allows us to measure consumer reaction to the latest designs, but also affords us an opportunity to foster deeper and more collaborative relationships with our customers. We also occasionally order limited production runs that may initially be tested in our concept stores. By working closely with store personnel, we obtain customer feedback that often influences product design and development. Our design teams can easily and quickly modify and refine a design based on customer input. Generally, the production process can take six to nine months from design concept to commercialization.



   Company Address: 228 Manhattan Beach Blvd. Manhattan Beach 90266 CA
   Company Phone Number: 318-3100   Stock Exchange / Ticker: NYSE SKX
   


Customers Net Income grew by SKX's Customers Net Profit Margin grew to

243.98 %

6.9 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
CROX        3.48% 
LEVI   -1.4%    
LULU   -1.23%    
NKE   -1.44%    
UA   -10.91%    
VFC   -7.64%    
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Skechers Usa Inc

Impressive Boost in Performance: Skechers Usa Inc. Demonstrates Solid Improvement in Financial Third Quarter of 2023

Skechers USA Inc, a renowned global footwear brand, has shown remarkable growth and prosperity in the financial period ending September 30, 2023. The company reported a significant increase of 7.802% in revenue, reaching an impressive $2.02 billion compared to $1.88 billion in the previous year. This upward trend in revenue highlights the strong consumer demand and growing popularity of Skechers products.
Furthermore, Skechers posted an impressive income improvement of 69.09%, with earnings per share soaring to $0.93, compared to $0.55 in the prior year quarter. This substantial increase in income reflects the company's effective management strategies and successful execution of its business model.

Skechers Usa Inc

Skechers USA Inc. Surges Ahead with Robust Revenue Rise, Outshines Industry Rivals in Q2 2023

Skechers USA Inc, a prominent player in the Apparel, Footwear & Accessories industry, has reported impressive financial results for the three months ending June 30, 2023. The company's revenue increased by 7.695% to reach $2.01 billion compared to $1.87 billion in the previous year. In terms of bottom-line performance, Skechers recorded a significant elevation of 68.97% in earnings per share, rising to $0.98 from $0.58 in the prior year reporting season.
Skechers has outperformed its industry peers in terms of revenue growth during the same period, with the Apparel, Footwear & Accessories industry citing only a 0.97% increase in top-line elevation. This indicates that Skechers has been able to capture a larger share of the market and generate more revenue compared to its competitors.

Skechers Usa Inc

Skechers USA Inc's Strong EPS Drives Impressive Double-Digit Revenue Growth in Fiscal Year Ending Mar 31, 2023

Skechers USA Inc (SKX) has announced impressive financial results in its latest earnings report, with profit per share rising by 32.47% to $1.02 per share, following an increment of 10.021% to $2.00 billion in revenue for the year ended Mar 31, 2023. These figures represent an incredible achievement for the company, especially when compared to the prior year's period where earnings per share more than doubled by 109.57% from $0.49, and revenue grew by 6.554% from $1.88 billion.
The bottom-line also increased by 39.74% from net earnings of $136.166 million reported in the first quarter of 2023 a year ago. Skechers USA Inc also pointed out its improving profit margins, where the net margin rose to 9.51% in the first quarter of 2023, and operating margin edged up to 11.17%. Although the operating earnings did not grow as significantly as the others, improving just 27.1% to $223.577 million, it is still remarkable.






 

Skechers Usa Inc's Segments
 
 
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