Skechers USA Inc Stock News

In Q4, Skechers' (SKX) top and the bottom line increase year over year on growth across domestic and international channels, aided by solid wholesale and direct-to consumer sales.

In Q4, Skechers' (SKX) top and the bottom line increase year over year on growth across domestic and international channels, aided by solid wholesale and direct-to consumer sales.

Skechers U.S.A. (SKX) bounced in early Friday trading after topping sales and EPS expectations with its Q4 earnings report

SKX earnings call for the period ending December 31, 2021.

Skechers (SKX) delivered earnings and revenue surprises of 30.30% and 6.97%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Shares of Skechers USA Inc. rallied nearly 8% in the extended session Thursday after the footwear retailer reported fourth-quarter earnings and sales above Wall Street expectations, saying its bet on comfortable styles paid off. Skechers said it earned $402 million, or $2.56 a share, in the quarter, compared with $53.3 million, or 34 cents a share, in the year-ago period. Adjusted for one-time items, the company earned 43 cents a share. Sales rose 24% to $1.65 billion, with direct-to-consumer sales up 30% and wholesale international sales also a highlight, the company said. Analysts polled by FactSet expected the company to report adjusted earnings of 33 cents a share on sales of $1.6 billion. "We believe our accomplishments in 2021, including several comfort-focused new product launches and the further expansion of our global footprint, position Skechers for continued growth toward our goal of $10 billion in sales," Chief Executive Robert Greenberg said in a statement. Skechers stock ended the regular trading day down 1.9%.

Skechers (SKX) delivered earnings and revenue surprises of 30.30% and 6.97%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Skechers U.S.A., Inc. (SKX) Management on Q4 2021 Results - Earnings Call Transcript

Shares of Skechers USA Inc. SKX, -1.86% rallied nearly 8% in the extended session Thursday after the footwear retailer reported fourth-quarter earnings and sales above Wall Street expectations, saying

Skechers (SKX) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

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