Welcome to our dedicated page for Skechers Usa news (Ticker: SKX), a resource for investors and traders seeking the latest updates and insights on Skechers Usa stock.
Skechers USA Inc (NYSE: SKX) is a global leader in lifestyle and performance footwear, serving consumers through innovative designs and multi-channel distribution. This news hub provides investors and industry observers with direct access to the company's official announcements and market developments.
Track all essential updates in one centralized location, including quarterly earnings reports, product innovation launches, and strategic partnership announcements. Our curated collection ensures timely access to press releases directly from Skechers' corporate communications team, alongside relevant financial analyses.
Discover updates spanning wholesale operations, retail expansion initiatives, and licensing agreements that shape Skechers' market position. The company's commitment to comfort technology and celebrity-endorsed marketing campaigns remains evident across its communications.
Bookmark this page for convenient access to SKX's latest operational milestones and financial disclosures. Check back regularly to stay informed about this footwear innovator's evolving business strategy and industry leadership.
Skechers has announced a collaboration with tokidoki, launching a new footwear collection today. This partnership showcases a range of vibrant women’s sneakers featuring popular tokidoki characters and designs. The initial drop includes four styles, notably the Skechers Uno sneakers and Sunny Street joggers, available at select stores and online. Skechers aims to attract fashion-forward consumers while expanding its audience through this creative collaboration.
Skechers USA, Inc. (NYSE: SKX) is set to release its Q2 2022 financial results after market close on July 26, 2022. The announcement will be followed by a conference call at approximately 4:30 p.m. ET, hosted by COO David Weinberg and CFO John Vandemore. Investors can access the live broadcast via the Investor Relations section of the company’s website. A replay will be available for one year.
Skechers has opened its largest retail store on the East Coast at The Mills at Jersey Gardens, New Jersey. The new nearly 22,000-square-foot superstore showcases a wide range of footwear and apparel, including dedicated shop-in-shop areas for Skechers Performance and Skechers Work. This expansion aims to meet growing consumer demand and features eco-friendly designs, as well as the latest comfort technologies. With more than 540 stores in the U.S. and a significant international presence, Skechers continues to enhance its market position amid a competitive landscape.
Skechers USA Ltd., a subsidiary of Skechers USA, Inc., has been awarded Men’s Footwear Brand of the Year at the Drapers Footwear Awards 2022, marking its second consecutive win. The award recognizes Skechers for its strong sales growth and adaptability to diverse consumer preferences in the challenging menswear market. Managing Director Peter Youell and COO David Weinberg emphasized the company's investments in product development and marketing strategies that have driven success across the UK and Europe. Skechers' notable partnerships and comfort technologies were also highlighted.
Matt Fitzpatrick achieved a significant milestone by winning his first major golf championship at the 122nd U.S. Open, wearing Skechers GO GOLF Pro 5 Hyper™ footwear. He finished 6 under par, edging out competitors by one stroke. Fitzpatrick is the second golfer to secure both the U.S. Amateur and U.S. Open at the same venue, The Country Club. Skechers views this victory as valuable exposure for its brand, highlighting the performance and comfort of its footwear. Fitzpatrick's successful career includes seven European Tour wins and a current ranking of #10 in the World Golf Rankings.
Brooke Henderson achieved her 11th career LPGA title, further establishing herself as Canada’s top golfer, by winning the ShopRite LPGA Classic in New Jersey while wearing Skechers GO GOLF footwear. Finishing at 12 under par, her victory marks a strong start to the season. Skechers president, Michael Greenberg, praised Henderson's impact on the brand, emphasizing how her success exemplifies the quality of their golf footwear. Henderson has been part of the Skechers elite golf team since 2016, wearing their latest models during competitions.
Skechers has formed multi-year agreements with the APP Tour, USA Pickleball, and Major League Pickleball, officially becoming their footwear partner. Announced during the Franklin New York City Open, this partnership aims to enhance the visibility of pickleball and Skechers' new Pickleball footwear line, which has already seen strong sales. Skechers emphasizes its commitment to the sport and aims to drive audience engagement through this collaboration.
Skechers celebrates Edward Cheserek's victory at the 2022 Carlsbad 5000, marking his second consecutive win in 13:44, just one second ahead of the runner-up. Cheserek, wearing Skechers Speed Elite footwear, praised the return of the event after a pandemic hiatus, highlighting Skechers' impact on his performance. Skechers President Michael Greenberg emphasized the brand's commitment to developing athletic talent through its technical footwear. The company has expanded significantly, available in over 180 countries with thousands of retail locations.
Skechers has reached a significant milestone with its BOBS from Skechers philanthropic collection, donating over $8 million and helping save more than 1.5 million shelter animals in the U.S. and Canada. This initiative is part of their ongoing investment in animal welfare, including upcoming fundraising events and adoption initiatives in multiple states. Skechers continues to partner with Petco Love and has expanded its BOBS product line, promoting animal welfare through footwear and apparel sales, aiding over 400,000 additional animals since 2015.
Skechers U.S.A., Inc. (NYSE:SKX) reported record first quarter sales of $1.82 billion, a 26.8% year-over-year increase, driven by robust growth in both wholesale (32.7%) and direct-to-consumer (15.7%) segments. Diluted earnings per share rose 22.2% to $0.77. Despite a 250 basis points drop in gross margin to 45.3%, net earnings reached $121.2 million. The company also repurchased $25 million of stock and maintains a strong cash position of $819.9 million. For Q2 2022, Skechers expects sales of $1.75-$1.80 billion and EPS of $0.50-$0.55.
