Skechers USA is a footwear company that designs, develops, and markets a wide range of shoes for men, women, and children
Renowned for its innovative designs, the brand offers various lifestyle and athletic footwear options, catering to consumers seeking both comfort and style. In addition to footwear, Skechers also provides accessories and apparel, promoting a lifestyle brand that emphasizes health, fitness, and casual wear. With a global presence, the company operates retail stores, e-commerce platforms, and works with various distributors to reach customers worldwide.
As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q3. Today, we are looking at footwear stocks, starting with Wolverine Worldwide (NYSEWWW).
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Skechers (NYSESKX) and the best and worst performers in the footwear industry.
Earnings results often indicate what direction a company will take in the months ahead. With Q3 behind us, let’s have a look at Steven Madden (NASDAQSHOO) and its peers.
Stocks are ending the week on a high note, with tech leading the charge as investors position ahead of next week’s pivotal earnings releases from five of the “Magnificent Seven” stocks.
Shares of footwear company Skechers (NYSESKX)
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.
