- Skechers’ adjusted earnings per share (EPS) for the second quarter is consistent with expectations at $0.83, although down from $0.97 year over year.
- Reported EPS rises to $1.13 compared to $0.91 for the same period last year, exceeding the forecasted $0.83.
- Net sales reach $2.44 billion, surpassing the estimated $2.34 billion.
- Direct-to-consumer sales increased by 11% year over year to $1.14 billion, above the expected $1.1 billion.
- The gross margin dips slightly to 53.3% from 54.9% year over year, falling short of the anticipated 53.8%.
- Operating margin decreases to 7.1% from last year’s 9.6%, not meeting the projected 8.28%.
- Inventory levels rise by 24% year over year to $1.87 billion, higher than the estimate of $1.75 billion.
- Earnings before income taxes amount to $218.6 million, a 6.7% increase year over year, significantly outperforming the projected $186 million.
- The stock is currently rated with 4 buys, 11 holds, and 0 sells by analysts.
Skechers Usa Inc Cl A on Smartkarma
Analysts at Baptista Research on Smartkarma are bullish on Skechers U.S.A. Inc (Skechers) after the company’s strong financial performance in the fourth quarter and full year 2024. According to Baptista Research‘s report titled “Skechers U.S.A.: Here’s Why Its D2C & E-Commerce Expansion Has Made Us Bullish!,” Skechers achieved significant milestones with over $9 billion in sales on a constant currency basis, showing a 13% increase. The company also reported a 26% increase in net earnings, along with a robust gross margin of 53.2% and an impressive double-digit operating margin of 10.1%.
A look at Skechers Usa Inc Cl A Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 1 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 2.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores for Skechers Usa Inc Cl A, the company seems to have a promising long-term outlook. With strong momentum and resilience scores, Skechers is positioned well to weather market fluctuations and capitalize on growth opportunities. While the dividend score is lower, the company’s value and growth scores are moderate, indicating potential for sustainable performance in the future. Overall, Skechers appears to be a solid investment choice for those looking for a company with a balanced mix of growth potential and stability.
Skechers U.S.A., Inc. specializes in designing and selling a variety of fashionable footwear for different demographics. With a focus on casual, active, and lifestyle footwear for men, women, and children, Skechers caters to a wide range of consumers. The company distributes its products through multiple channels, including department stores, specialty retailers, international distributors, and its own retail stores. This diversified approach to sales allows Skechers to reach a broad audience and maintain a strong presence in the footwear market.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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