US8305661055 - Common Stock
Shares of footwear company Skechers (NYSE:SKX) jumped 10.4% in the afternoon session after the company reported a "beat and raise" quarter. Skechers exceeded analysts' constant currency revenue expectations and EPS outperformed Wall Street's estimates. The top line was driven by the strengths of the Wholesale segment (which indicates strong demand from its distributors and partners) and in international markets. The company also raised its full year revenue and EPS guidance, both of which came in above expectations. Overall, this was a solid quarter with many positives.
SKX earnings call for the period ending September 30, 2024.
Deckers Brand posted a Q2 beat with strong Hoka sales. DECK stock could rally above entry. Skechers primed to pop on results.
Footwear company Skechers (NYSE:SKX) announced better-than-expected revenue in Q3 CY2024, with sales up 15.9% year on year to $2.35 billion. On the other hand, next quarter’s revenue guidance of $2.19 billion was less impressive, coming in 1.2% below analysts’ estimates. Its GAAP profit of $1.26 per share was also 9.1% above analysts’ consensus estimates.
Footwear company Skechers (NYSE:SKX) will be announcing earnings results tomorrow after market close. Here’s what to look for.
A weak update on China sank the stock.
Skechers U.S.A. Inc. shares are delivering their worst daily performance since the coronavirus pandemic after the footwear company’s chief financial officer told an industry conference that China sales will be under pressure the rest of the year.
/PRNewswire/ -- My Gym, the premier destination for children's fitness, has partnered with Skechers to offer families the brands' first-ever Skechers Kids...