Skechers: 3rd Straight Blowout Earnings Report Coming Wednesday
Tansy Trading • 18 Comments
Tansy Trading • 18 Comments
Skechers Crushes Q1 Earnings: Analysts Still Asleep
Fri, Jul. 22, 12:40 PM
Fri, Jul. 22, 12:00 PM
Fri, Jul. 22, 10:13 AM
- A weak earnings report from Skechers (SKX -22%) and a warning from VF Corp (VFC -2.8%) is taking down a number of peers of the apparel sellers.
- Soft demand in Asia, disruption in Europe, and continued F/X headwinds were cited by both companies.
- Oxford Industries (OXM -2.1%), Wolverine World Wide (WWW -2.6%), Crocs (CROX -2.9%), Steven Madden (SHOO -1.8%), and G-III Apparel Group (GIII -2.3%) are all lower.
- The negative start to the earnings season for the apparel/footwear sector appears to be impacting Nike (NKE -0.8%) and Under Armour (UA -0.9%) as well.
- Previously: Skechers -8% after missing Q2 expectations (July 21)
- Previously: V.F. beats by $0.01, misses on revenue (July 22)
Fri, Jul. 22, 9:11 AM
Thu, Jul. 21, 5:34 PM
Thu, Jul. 21, 4:11 PM
- Skechers (NYSE:SKX) reports its gross profit rate improved 60 bps to 47.4% in Q2. Operating earnings fell to 11.4% of total sales from 14.0% a year ago.
- Total inventories decreased 5% from December 31, 2015, and increased 26% June 30, 2015
- Company-owned Skechers retail sales increased 15.4%. Strong growth was recorded in the international business, +35% for the international subsidiary and +41% for international company-owned stores.
- The effective tax rate in Q2 fell due to a higher mix of sales from China.
- Previously: Skechers misses by $0.04, misses on revenue (July 21)
- SKX -8.33% AH to $29.50
Fri, Apr. 22, 9:13 AM
Thu, Apr. 21, 5:39 PM
Thu, Apr. 21, 4:09 PM
- Skechers (NYSE:SKX) was able to benefit off some sales leverage in Q1. The company's gross profit rate improved 90 bps to 44.2%, while the net earnings rate rose 270 bps to 14.2%.
- Sales in the international wholesale business were up 47% Y/Y during the quarter.
- The company says inventory is in line with growth levels.
- Looking ahead, Skechers sees Q2 sales of $875M to $900M, shy of the consensus mark of $914M.
- Previously: Skechers beats by $0.09, beats on revenue (April 21)
- SKX +6.49% AH to $32.80.
Thu, Apr. 21, 4:03 PM
Thu, Apr. 7, 12:07 PM
- Skechers (SKX -4.5%) trades weak after channel checks from OTR Global create some anxiety. In early February, the company issued a very strong backing of its Q1 guidance. The matter will be settled on April 27 when the company issues the earnings report and provided full-year guidance.
- Shares of Skechers are down almost exactly 50% from their 52-week high.
- Now read Skechers: The 2016 Track
Thu, Feb. 11, 9:13 AM
- Gainers: DDD +15%. AG +14%. FSM +13%. TRIP +12%. MUX +11%. AUY +11%. SBGL +11%. GFI +10%. AGI +10%. LC +10%. GG +10%. CDE +9%. EGO +9%. KGC +9%. HMY +9%. IAG +9%. EXPE +8%. ABX +8%. NEM +8%. SLW +8%. SSRI 8%. AU 7%. AEM 7%. HL 7%. NG 7%. CSCO 6%. SKX 5%.
- Losers: FLO -18%. INCY -15%. SFL -13%. MYL -13%. BTU -13%. ZNGA -13%. SNOW -11%. IFF -10%. ELMD -9%. AVP -8%. CS -7%. BCS -7%. SUNE -6%. CIG -5%. TWTR -6%.
Thu, Feb. 11, 8:00 AM
- Skechers (NYSE:SKX) says sales in January were up 35% Y/Y and were strong into the first week of February.
- The company say it's "comfortable" with the consensus estimate for Q1 revenue of $885M-$890M and EPS of $0.50-$0.55.
- Looking ahead, Skechers continues to become more of a global play. International sales were at 41% of total Skechers sales in Q4 as the percentage swings closer to the company's long-term target of 50%.
- SKX +6.05% premarket to $28.81.
Wed, Feb. 10, 4:02 PM
Wed, Feb. 10, 12:40 PM
- Athletic footwear stocks are higher as the sector looks to reset after investors took a harsh look at valuation.
- Notable gainers today include Under Armour (UA +4.9%), Nike (NKE +3.7%), Skechers (SKX +3.6%), and Phoenix Footwear (OTCPK:PXFG +4.7%).
- Retailers Finish Line (FINL +2.7%) and Foot Locker (FL +1.9%) are also solidly ahead of broad market averages.
- Previously: Strong read from NPD on athletic footwear amid social fitness trend (Feb. 8)
Tue, Jan. 26, 10:31 AM
- Shoe stocks are off and running today as investors rush back into some favorite names.
- Deckers Outdoor (DECK +3.7%), Wolverine Worldwide (WWW +2.7%), Skechers (SKX +2.4%), Columbia Sportswear (COLM +2.5%), and Crocs (CROX +1.4%) are notable gainers.
- Though a positive BAML note on Foot Locker could be factoring in a bit, it's NPD data showing a strong month for athletic footwear sales (volume +10%, prices +3%) in December that's really stirring up interest.
- Nike's (NKE +0.1%) hanging back a bit from the rally, with a higher exposure to China a potential factor.
SKECHERS USA, Inc., is the lifestyle footwear industry, which engages in designing, developing and marketing lifestyle footwear that appeals to men, women and children of all ages. The company operates its business through four segments: Domestic Wholesale Sales, International Wholesale Sales,... More
Sector: Consumer Goods
Industry: Textile - Apparel Footwear & Accessories
Country: United States
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