Skechers U.S.A., Inc. designs, develops, markets, and distributes footwear for men, women, and children; and performance footwear for men and women under the Skechers brand worldwide. It operates through three segments: Domestic Wholesale, International Wholesale, and Direct-to-Consumer. The company offers casual, casual athletic, sport athletic, trail, sandals, boots, and retro fashion footwear for men and women under the Skechers USA, Skechers Sport, Skechers Active, Modern Comfort, Skechers Street, Mark Nason, and BOBS brands; sneakers, casuals, boots, and sandals for boys and girls under the Skechers Mega-Craft, S-Lights, SKECH-AIR, Foamies, Twinkle Toes, Z-Strap, Skechers Stretch Fit, and Skechers Street brands; technical footwear under the Skechers GOrun, Skechers GOwalk, Skechers GOtrain, Skechers GOtrail, and Skechers GO Golf brands; sneakers, casuals, boots, and sandals for boys and girls; men's and women's slip-resistant and safety-toe casuals, boots, hikers, and athletic shoes; and lifestyle apparel for men, women, and kids. As of December 31, 2020, it operated approximately 3,891 company- and third party-owned Skechers stores. The company sells its products through department and specialty stores, athletic and independent retailers, boutiques, and online retailers; and through its e-commerce sites, concept stores, and factory and warehouse outlet stores. Skechers U.S.A., Inc. was incorporated in 1992 and is headquartered in Manhattan Beach, California.
IPO Year: 1999
Exchange: NYSE
Website: skechers.com
Date | Price Target | Rating | Analyst |
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7/23/2024 | $60.00 → $80.00 | Equal-Weight → Overweight | Morgan Stanley |
6/7/2024 | $71.00 → $87.00 | Neutral → Buy | BofA Securities |
4/1/2024 | $71.00 | Overweight | Barclays |
3/8/2024 | $67.00 | Neutral | BofA Securities |
2/15/2024 | $73.00 | Outperform | Evercore ISI |
1/18/2024 | $60.00 → $72.00 | Buy | Monness Crespi & Hardt |
9/18/2023 | $54.00 → $59.00 | Neutral → Overweight | Piper Sandler |
7/28/2023 | $57.00 → $62.00 | Buy | Deutsche Bank |
7/28/2023 | $63.00 → $68.00 | Buy | UBS |
7/28/2023 | $59.00 → $62.00 | Buy | Stifel |
The America's Got Talent Host and Comedian Gives the Global Footwear Brand the Golden Buzzer for Skechers Hands Free Slip-ins Skechers caught Howie Mandel in the act: "discovering" the America's Got Talent host in a Los Angeles-area Skechers store trying to score a discount on his favorite pair of Skechers Hands Free Slip-ins® by claiming he was a Skechers ambassador—when he wasn't. Caught on camera, the comedian's story resulted in the brand's version of a golden buzzer: an official invitation to join Team Skechers and appear in a Skechers Hands Free Slip-ins marketing campaign inspired by the original pair he grabbed in his serendipitous visit. This press release features multimedia. V
Skechers expanded its all-star roster of athletes with Los Angeles Sparks forward Rickea Jackson. The WNBA's first-round draft pick joined Team Skechers after practicing in Skechers Basketball shoes and experiencing the brand's signature Comfort That Performs. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240729554776/en/Rickea Jackson in the new SKX NEXUS™ basketball shoes from Skechers. (Photo: Business Wire) "I'm thrilled to be the first WNBA player to join forces with Skechers," shared Rickea Jackson. "While Skechers is a new player in the basketball world, their commitment to fit, support, and active collaboration with ath
The Skechers Foundation and Presenting Sponsor Kinecta Federal Credit Union Partner with Celebrities Brooke Burke, Mr. T and Amanda Kloots to Support Children with Diverse Abilities, Public Schools and National Scholarships The Skechers Pier to Pier Friendship Walk, presented by Kinecta Federal Credit Union, is celebrating its 15th anniversary with a fundraising goal of $2.5 million for youth with special needs, public schools and national college scholarships. This year's special anniversary on Sunday, October 29th, will celebrate beautiful friendships with celebrities Brooke Burke, Mr. T and Amanda Kloots as the charity event launches a new era of fundraising for the next generation of
Submissions Now Open for Petco Love Stories Campaign SAN ANTONIO, Oct. 11, 2023 /PRNewswire/ -- Queer Eye star and four-time Emmy nominee Antoni Porowski calls on pet lovers across the country to share their love stories of how their adopted pets changed their lives. Porowski and national nonprofit Petco Love, in partnership with BOBS from Skechers™, encourage pet parents to submit their love stories to the Petco Love Stories campaign. Petco Love Stories celebrates the incredible impact pets have on our lives, while also raising awareness about the importance of pet adoption.
Skechers USA, Inc. (NYSE:SKX), The Comfort Technology Company™, announced today that Yolanda Macias has been appointed to its Board of Directors. The appointment brings the total number of directors to eight, including five independent members, three of whom are women appointed over the last three years. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220405006197/en/Yolanda Macias is appointed to Skechers' Board of Directors. (Photo: Business Wire) "Skechers is the third largest athletic lifestyle brand in the world, a position achieved through our ability to design comfortable, innovative and stylish products, and deliver our of
Skechers USA, Inc. ("Skechers" or the "Company") (NYSE:SKX), The Comfort Technology Company™ and a global footwear leader, today announced that John Vandemore, Chief Financial Officer, will participate in a fireside chat at the Goldman Sachs Global Retailing Conference in New York City on Wednesday, September 4, 2024, at 12:55 p.m. PT / 3:55 p.m. ET. The audio portion of the fireside chat will be available live and on replay for 90 days on the Company's website at investors.skechers.com. About Skechers USA, Inc. Skechers, The Comfort Technology Company® based in Southern California, designs, develops and markets a diverse range of lifestyle and performance footwear, apparel and access
The America's Got Talent Host and Comedian Gives the Global Footwear Brand the Golden Buzzer for Skechers Hands Free Slip-ins Skechers caught Howie Mandel in the act: "discovering" the America's Got Talent host in a Los Angeles-area Skechers store trying to score a discount on his favorite pair of Skechers Hands Free Slip-ins® by claiming he was a Skechers ambassador—when he wasn't. Caught on camera, the comedian's story resulted in the brand's version of a golden buzzer: an official invitation to join Team Skechers and appear in a Skechers Hands Free Slip-ins marketing campaign inspired by the original pair he grabbed in his serendipitous visit. This press release features multimedia. V
The new work, outdoor and fashion offering for men and children pairs John Deere's rich heritage with innovative Skechers comfort technologies Fans of the iconic John Deere brand and Skechers comfort technologies now have the best of both worlds with the new Skechers x John Deere collection available today. Designed for agricultural professionals, construction workers, outdoor enthusiasts, fashion-minded individuals and children, the new styles boast the perfect mix of innovation and style. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240801257736/en/Skechers x John Deere features include Skechers Hands Free Slip-ins® Techno
Skechers expanded its all-star roster of athletes with Los Angeles Sparks forward Rickea Jackson. The WNBA's first-round draft pick joined Team Skechers after practicing in Skechers Basketball shoes and experiencing the brand's signature Comfort That Performs. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240729554776/en/Rickea Jackson in the new SKX NEXUS™ basketball shoes from Skechers. (Photo: Business Wire) "I'm thrilled to be the first WNBA player to join forces with Skechers," shared Rickea Jackson. "While Skechers is a new player in the basketball world, their commitment to fit, support, and active collaboration with ath
Skechers U.S.A., Inc. ("Skechers" or the "Company") (NYSE:SKX), The Comfort Technology CompanyTM and a global footwear leader, today announced financial results for the second quarter ended June 30, 2024. Second Quarter Highlights Record second quarter sales of $2.16 billion, a 7.2% increase, and constant currency sales of $2.19 billion, an 8.7% increase Direct-to-Consumer sales grew 9.2% Wholesale sales grew 5.5% Diluted earnings per share of $0.91 New $1 billion share repurchase program "Skechers achieved a new second quarter sales record of $2.16 billion driven by the strong demand for our diverse portfolio of comfortable and innovative footwear," said David Weinberg,
Elite Athletes to Compete in Skechers Apparel in Paris Skechers will be hitting the sand in the City of Lights as American beach volleyball pros Andy Benesh and Miles Partain compete for a medal and glory in the brand's performance apparel and headwear. Their new game-day uniforms include Skechers-branded hats, tank tops and shorts crafted with innovative and comfortable Skechers performance materials. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240716965173/en/Andy Benesh and Miles Partain in their Skechers-branded uniforms. (Photo: Business Wire) "I was raised and played volleyball in LA's South Bay, steps from where Skec
Worn By Elite Players Around the World, Skechers Soccer Offers Innovative Footwear Built for Speed and Control on the Pitch Americans can now play in Harry Kane's soccer boots! After a successful European debut with Bayern Munich striker and Golden Boot winner Kane and Premier League athletes competing in Skechers Soccer boots, the brand enters its second season on the pitch expanding to markets around the world with a growing range of boots led by the new Skechers Evolution pack. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240709722689/en/SKX_01 and Skechers Razor boots from the new Skechers Evolution Pack. (Photo: Busines
Skechers USA, Inc. (NYSE:SKX), The Comfort Technology Company™ and a global footwear leader, today announced that the Company will release its second quarter 2024 financial results after market close on Thursday, July 25, 2024. Following the press release, David Weinberg, Chief Operating Officer, and John Vandemore, Chief Financial Officer, will review the results during a conference call at approximately 4:30 p.m. ET / 1:30 p.m. PT. The conference call will be broadcast live over the Internet and accessible on the Investor Relations section of the Company's website at investors.skechers.com. For those unable to listen to the live broadcast, a replay will be available at the same location
Skechers USA, Inc. ("Skechers" or the "Company") (NYSE:SKX), The Comfort Technology Company™ and a global footwear leader, today announced that John Vandemore, Chief Financial Officer, will participate in a fireside chat at the Evercore ISI Consumer and Retail Conference on Tuesday, June 11, 2024 at 11:00 a.m. PT / 2:00 p.m. ET. The audio portion of the fireside chat will be available live and on replay for 90 days on the Company's website at investors.skechers.com. About Skechers USA, Inc. Skechers (NYSE:SKX), The Comfort Technology Company® based in Southern California, designs, develops and markets a diverse range of lifestyle and performance footwear, apparel and accessories for m
Global Performance and Lifestyle Brand to Air its 12th Big Game Campaign in 2025 Following football fans learning the fates of their teams with the 2024 NFL schedule announcement last night, Skechers is the first brand to secure its place at Super Bowl LIX on February 9, 2025. The early commitment of what will be the 12th appearance by Skechers at the event lays down the gauntlet for the advertising world as the global performance and lifestyle brand begins preparation for its biggest and best Big Game commercial to date. "From the Euros to Paris, this is a pivotal year for athletic competition, and Skechers will be seen through every moment, starting right now as the first brand to ann
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Morgan Stanley upgraded Skechers USA from Equal-Weight to Overweight and set a new price target of $80.00 from $60.00 previously
BofA Securities upgraded Skechers USA from Neutral to Buy and set a new price target of $87.00 from $71.00 previously
Barclays initiated coverage of Skechers USA with a rating of Overweight and set a new price target of $71.00
BofA Securities initiated coverage of Skechers USA with a rating of Neutral and set a new price target of $67.00
Evercore ISI initiated coverage of Skechers USA with a rating of Outperform and set a new price target of $73.00
Monness Crespi & Hardt reiterated coverage of Skechers USA with a rating of Buy and set a new price target of $72.00 from $60.00 previously
Piper Sandler upgraded Skechers USA from Neutral to Overweight and set a new price target of $59.00 from $54.00 previously
Deutsche Bank reiterated coverage of Skechers USA with a rating of Buy and set a new price target of $62.00 from $57.00 previously
UBS reiterated coverage of Skechers USA with a rating of Buy and set a new price target of $68.00 from $63.00 previously
Stifel reiterated coverage of Skechers USA with a rating of Buy and set a new price target of $62.00 from $59.00 previously
Skechers U.S.A., Inc. (NYSE:SKX) will release its second quarter financial results, after the closing bell on Thursday, July 25. Analysts expect the Manhattan Beach, California-based company to report quarterly earnings at 95 cents per share, down from 98 cents per share in the year-ago period. Skechers is expected to post revenue of $2.23 billion, compared to $2.01 billion a year ago, according to data from Benzinga Pro. Skechers recently filed a lawsuit against LL Bean accusing the company of illegally copying its shoe designs. Skechers shares fell 1.7% to close at $64.02 on Wednesday. Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Rea
Morgan Stanley analyst Alex Straton upgrades Skechers USA (NYSE:SKX) from Equal-Weight to Overweight and raises the price target from $60 to $80.
Skechers USA (NYSE:SKX) underwent analysis by 7 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish. The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 4 3 0 0 0 Last 30D 1 0 0 0 0 1M Ago 0 0 0 0 0 2M Ago 3 1 0 0 0 3M Ago 0 2 0 0 0 The 12-month price targets, analyzed by analysts, offer insights with an average target of $80.57, a high estimate of $87.00, and a low estimate of $76.00. Marking an increase of 10.07%, the current average surpasses
TD Cowen analyst John Kernan maintains Skechers USA (NYSE:SKX) with a Buy and raises the price target from $77 to $79.
Skechers USA Inc. (NYSE:SKX) has filed a lawsuit against LL Bean accusing the company of illegally copying its shoe designs. The shoe company filed the complaint in Manhattan federal court. It alleges that LL Bean’s Freeport casual shoes infringe on two patented designs for “heel cups” that surround the back of the foot. Skechers claims these designs are “unique and eye-catching” with “graceful, sweeping, gently rolling lines and slopes.” Skechers asserts that LL Bean entered the market with its infringing shoe only after Skechers had invested significantly in developing and promoting its designs, which have gained broad appeal, reported Reuters. The lawsuit seeks unspecified dam
New Territories Managed Through Newly-Formed Subsidiaries United Legwear & Apparel Europe BV And United Legwear & Apparel UK Ltd.
BofA Securities analyst Christopher Nardone has previewed the expected performance of footwear companies in the upcoming earning season. According to the analyst, footwear stocks like Crocs Inc (NASDAQ:CROX), Deckers Outdoor Corp (NYSE:DECK) and Skechers U.S.A., Inc (NYSE:SKX) have pulled back 11% off recent highs on average as a combination of tariff and freight related risks, and recent volatility in the higher multiple athletic sector are weighing on the group. The analyst expects calendar second-quarter sales trends to remain strong and model revenues either beating or hitting the upper end of guidance for each company, with strength driven by international. For the analyst, the
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Skechers USA, Inc. (NYSE:SKX), The Comfort Technology Company™ and a global footwear leader, today announced that the Company will release its second quarter 2024 financial results after market close on Thursday, July 25, 2024. Following the press release, David Weinberg, Chief Operating Officer, and John Vandemore, Chief Financial Officer, will review the results during a conference call at approximately 4:30 p.m. ET / 1:30 p.m. PT. The conference call will be broadcast live over the Internet and accessible on the Investor Relations section of the Company's website at investors.skechers.com. For those unable to listen to the live broadcast, a replay will be available at the same location
Skechers U.S.A., Inc. ("Skechers" or the "Company") (NYSE:SKX), The Comfort Technology Company™ and a global footwear leader, today announced financial results for the first quarter ended March 31, 2024. First Quarter Highlights Record sales of $2.25 billion, a 12.5% increase Wholesale sales grew 9.8% Direct-to-Consumer sales grew 17.3% Diluted earnings per share of $1.33, a 30.4% increase Repurchased $60.0 million of Class A common stock "For the first quarter, Skechers achieved a new sales record of $2.25 billion, EPS of $1.33, gross margins of 52.5% and an operating margin of 13.3%, all notable accomplishments as we mark our 100th earnings call as a public company," s
Skechers USA, Inc. (NYSE:SKX), The Comfort Technology Company™, today announced that the Company will release its first quarter 2024 financial results after market close on Thursday, April 25, 2024. Following the press release, David Weinberg, Chief Operating Officer, and John Vandemore, Chief Financial Officer, will review the results during a conference call at approximately 4:30 p.m. ET / 1:30 p.m. PT. The conference call will be broadcast live over the Internet and accessible on the Investor Relations section of the Company's website at investors.skechers.com. For those unable to listen to the live broadcast, a replay will be available at the same location and archived on the site for
Skechers U.S.A., Inc. ("Skechers" or the "Company") (NYSE:SKX), The Comfort Technology Company™ and a global footwear leader, today announced financial results for the fourth quarter and full year ended December 31, 2023. 2023 Highlights Record annual sales of $8.00 billion, a year-over-year increase of 7.5% Direct-to-Consumer sales grew 24.3% Diluted earnings per share of $3.49, a year-over-year increase of 46.6% Inventory decrease of $292.6 million or 16.1% from December 31, 2022 Fourth Quarter Highlights Record fourth quarter sales of $1.96 billion, a year-over-year increase of 4.4% Direct-to-Consumer sales grew 20.3% Diluted earnings per share of $0.56, a year-
Skechers USA, Inc. (NYSE:SKX), The Comfort Technology Company™, today announced that the Company will release its fourth quarter and full year 2023 financial results after market close on Thursday, February 1, 2024. Following the press release, David Weinberg, Chief Operating Officer, and John Vandemore, Chief Financial Officer, will review the results during a conference call at approximately 4:30 p.m. ET / 1:30 p.m. PT. The conference call will be broadcast live over the Internet and accessible on the Investor Relations section of the Company's website at investors.skechers.com. For those unable to listen to the live broadcast, a replay will be available at the same location and archive
Skechers U.S.A., Inc. ("Skechers" or the "Company") (NYSE:SKX), The Comfort Technology Company™ and a global footwear leader, today announced financial results for the third quarter ended September 30, 2023. Third Quarter Highlights Record quarterly sales of $2.02 billion, a year-over-year increase of 7.8% Diluted earnings per share of $0.93, a year-over-year increase of 69.1% Direct-to-Consumer sales grew 23.8% Inventory decrease of $436.0 million or 24.0% from December 31, 2022 Repurchased $40 million of Class A common stock "Skechers' achieved a new quarterly sales record of $2.02 billion, reflecting robust demand for our brand," said David Weinberg, Chief Operating O
Skechers USA, Inc. (NYSE:SKX), The Comfort Technology Company™, today announced that the Company will release its third quarter 2023 financial results after market close on Thursday, October 26, 2023. Following the press release, David Weinberg, Chief Operating Officer, and John Vandemore, Chief Financial Officer, will review the results during a conference call at approximately 4:30 p.m. ET / 1:30 p.m. PT. The conference call will be broadcast live over the Internet and accessible on the Investor Relations section of the Company's website at investors.skechers.com. For those unable to listen to the live broadcast, a replay will be available at the same location and archived on the site f
Skechers U.S.A., Inc. ("Skechers" or the "Company") (NYSE:SKX), The Comfort Technology Company™ and a global footwear leader, today announced financial results for the second quarter ended June 30, 2023. Second Quarter Highlights Record quarterly sales of $2.01 billion, a year-over-year increase of 7.7% Diluted earnings per share of $0.98, a year-over-year increase of 69.0% Direct-to-Consumer sales grew 29.1% Inventory decrease of $332.0 million or 18.3% from December 31, 2022 Acquired Scandinavian distributor "Skechers second quarter results set a new quarterly sales record of $2.01 billion. This achievement continues to reflect the global demand for our comfort technol
Skechers USA, Inc. (NYSE:SKX), The Comfort Technology Company™, today announced that the Company will release its second quarter 2023 financial results after market close on Thursday, July 27, 2023. Following the press release, David Weinberg, Chief Operating Officer, and John Vandemore, Chief Financial Officer, will review the results during a conference call at approximately 4:30 p.m. ET / 1:30 p.m. PT. The conference call will be broadcast live over the Internet and accessible on the Investor Relations section of the Company's website at investors.skechers.com. For those unable to listen to the live broadcast, a replay will be available at the same location and archived on the site for
Skechers U.S.A., Inc. ("Skechers" or the "Company") (NYSE:SKX), The Comfort Technology Company™ and a global footwear leader, today announced financial results for the first quarter ended March 31, 2023. First Quarter Highlights Record quarterly sales of $2.00 billion, a year-over-year increase of 10.0% Direct-to-Consumer sales grew 24.5% Inventory decrease of $315.8 million or 17.4% from December 31, 2022 Diluted earnings per share of $1.02 Announces planned acquisition of Scandinavian distributor "Our first quarter 2023 marks a new milestone with quarterly sales of over $2 billion. The 10%, or $182 million, sales increase was the result of broad strength in most market
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