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.
The SKX news page on Stock Titan compiles historical news coverage for Skechers U.S.A., Inc., The Comfort Technology Company®. These articles provide insight into how Skechers operated as a global footwear leader, designing, developing and marketing lifestyle and performance footwear, apparel and accessories for men, women and children, and distributing its collections in approximately 180 countries and territories.
Company press releases highlight a wide range of business activities and brand initiatives. Readers will find coverage of product launches such as the Skechers AERO Series of technical running footwear and SKX Full-Court Press™ basketball shoes, as well as expansions of Skechers Performance retail concepts, including large immersive stores that showcase running, basketball, soccer, golf, pickleball and outdoor footwear alongside lifestyle products.
The news feed also documents marketing partnerships and athlete endorsements. Skechers announcements feature elite athletes across basketball, golf, soccer, pickleball and cricket, and describe event sponsorships such as the SKECHERS Hot Chocolate Run series. These stories illustrate how the company used athlete rosters and experiential events to promote its Comfort that Performs positioning and proprietary technologies like Skechers Hands Free Slip-ins®, Hyper Burst™ cushioning and Goodyear® Performance Outsoles.
In addition, the SKX news archive includes corporate and financial updates, such as quarterly earnings releases and communications related to the acquisition of Skechers by an affiliate of 3G Capital Partners L.P. and the associated merger process. Together, these items trace the company’s evolution from a publicly traded issuer on the New York Stock Exchange to an indirect subsidiary of a private parent.
Investors, researchers and footwear industry observers can use this page to review how Skechers communicated with the market, introduced new technologies and products, and reported on significant corporate events during the period when SKX was an active public listing.
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.
Skechers has been announced as the Official Footwear Sponsor of the 2022 Minto US OPEN Pickleball Championships. The company has signed top-ranked players Tyson McGuffin and Catherine Parenteau as brand ambassadors, who will debut the Skechers Viper Court footwear at the event in Naples, Florida, starting April 24. The Viper Court shoe emphasizes comfort and performance, featuring enhanced grip and stability. Skechers will also provide footwear to volunteer captains and host an expo booth at the tournament, enhancing its presence in the rapidly growing pickleball market.
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