Skechers Usa Stock News

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.

Skechers U.S.A., Inc., Steven Madden, Wolverine World Wide, Inc., Caleres and Rocky Brands are highlighted in this Industry Outlook article.

Gains from brand-building strategies, e-commerce operations and buyouts might contribute to Prestige Consumer's (PBH) third-quarter fiscal 2022 results.

The Shoes and Retail Apparel industry is poised for growth on strong demand, fitness trends and innovation. Investments in products and e-commerce bode well for SKX, SHOO, WWW, CAL and RCKY.

Hanesbrands' (HBI) fourth-quarter 2021 performance is likely to reflect solid performance across online business. However, higher cost inflation is a concern.

The Shoes and Retail Apparel industry is poised for growth on strong demand, fitness trends and innovation. Investments in products and e-commerce bode well for SKX, SHOO, WWW, CAL and RCKY.

Skechers, Signet Jewelers, Preferred Apartment Communities, Inc., Schneider National and Avnet are highlighted in this Screen of the Week article.

Skechers' (SKX) fourth-quarter 2021 earnings results might show gains in its innovation efforts and a prudent inventory management. Its direct-to-consumer business also bodes well.