US8305661055 - Common Stock
SKECHERS USA INC-CL A
NYSE:SKX (11/21/2024, 9:52:38 AM)
59.84
+0.07 (+0.12%)
Skechers U.S.A., Inc. engages in designing, development, and marketing of lifestyle footwear for men, women, and children of all ages. The company is headquartered in Manhattan Beach, California and currently employs 9,200 full-time employees. The firm offers footwear, apparel, and accessories for men, women, and kids. The firm operates through two segments: Wholesale and Direct-to-Consumer. Wholesale segment is comprised of sales to a network of partners including Skechers-branded stores operated by third-party franchisees and licensees, family shoe stores, specialty athletic and sporting goods retailers, department stores and big box club stores, and Distributors in select international markets. Direct-to-Consumer segment comprises sales by the Company directly to consumers through a combination of channels including company owned Skechers-branded stores, company owned e-commerce sites, and third-party marketplaces and digital platforms. Its lifestyle offering delivers comfort technologies such as Skechers Hands Free Slip-ins, Skechers Arch Fit, and Skechers Air-Cooled Memory Foam, among others.
SKECHERS USA INC-CL A
228 Manhattan Beach Blvd
Manhattan Beach CALIFORNIA 90266
P: 13103183100
CEO: Robert Greenberg
Employees: 13550
Website: https://www.skechers.com/
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.
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