Home > Boards > US Listed > Retail - Chains > Skechers (SKX)

$SKX / #Sketchers $37 Target On Earnings Beat

Public Reply | Private Reply | Keep | Last ReadPost New MsgPrevious | Next
TFMG Member Profile
Member Level 
Followed By 59
Posts 2,163
Boards Moderated 6
Alias Born 04/28/19
160x600 placeholder
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 10/20/2020 6:50:21 PM
12th Annual Skechers Pier to Pier Friendship Walk Announces Star-studded Virtual Event to Raise $2 Million for Kids Business Wire - 10/14/2020 1:30:00 PM
Amended Statement of Ownership (sc 13g/a) Edgar (US Regulatory) - 10/9/2020 9:16:54 AM
SKECHERS USA, Inc. to Report Third Quarter 2020 Financial Results on Thursday, October 29th Business Wire - 10/8/2020 4:05:00 PM
Skechers Footwear Donations Surpass 16 Million Pairs Through Its BOBS From Skechers Philanthropic Program Business Wire - 10/6/2020 9:00:00 AM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 9/14/2020 4:28:24 PM
Skechers Announces Participation at the Wells Fargo Securities Virtual 3rd Annual Consumer Conference Business Wire - 9/9/2020 4:05:00 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 9/3/2020 12:58:55 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 9/3/2020 12:58:20 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 9/3/2020 12:57:39 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 9/3/2020 12:56:14 PM
Skechers Announces Virtual Participation at the Goldman Sachs 27th Annual Global Retailing Conference Business Wire - 9/2/2020 4:05:00 PM
Skechers Elite Runner Edward Cheserek Wins 10K and Sets New PB During Sunset Tour in Los Angeles Business Wire - 8/31/2020 9:00:00 AM
Skechers to Donate to Canadian Shelter Pets in Lifesaving Campaign Business Wire - 8/26/2020 10:00:00 AM
Petco Foundation and BOBS from Skechers Invite Adopters to Share their Stories and Help Make $100,000 in Holiday Wishes Come ... PR Newswire (US) - 8/26/2020 8:30:00 AM
Skechers Donates a Million Masks in Partnership With United Way of Greater Los Angeles and Charities Business Wire - 8/20/2020 9:00:00 AM
Skechers x Dr. Seuss Footwear Collection Launches Business Wire - 8/17/2020 12:00:00 PM
Skechers Opens Flagship Retail Store on Famed Rue de Rivoli in Paris Business Wire - 8/12/2020 3:00:00 AM
SKECHERS OUVRE UN FLAGSHIP STORE DANS LA CÉLÈBRE RUE DE RIVOLI À PARIS Business Wire - 8/12/2020 3:00:00 AM
Skechers Named Women’s Footwear Brand of the Year at the Drapers Footwear Awards 2020 Business Wire - 8/10/2020 4:00:00 AM
Quarterly Report (10-q) Edgar (US Regulatory) - 8/7/2020 3:31:34 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 8/5/2020 4:56:36 PM
Current Report Filing (8-k) Edgar (US Regulatory) - 7/23/2020 4:11:07 PM
Skechers Announces Second Quarter 2020 Financial Results Business Wire - 7/23/2020 4:05:00 PM
SKECHERS USA, Inc. to Report Second Quarter 2020 Financial Results on Thursday, July 23rd Business Wire - 7/16/2020 9:00:00 AM
TFMG Member Level  Friday, 07/24/20 07:13:25 PM
Re: None
Post # of 176 




$SKX | #Sketchers $37 Target On Earnings Beat




Skechers (NYSE:SKX) reports sales in the domestic wholesale business fell 47.3% in Q2 and sales in the international wholesale business decreased 37.8% during the quarter.

Comparable same store sales in the direct-to-consumer business were off 45.6%, including a decrease of 35.9% in the U.S. and 66.9% internationally.

Sales in China rose 11.5% during the quarter.

Gross margin improved 210 bps from a year ago as a result of a favorable mix of online and international sales. A net loss of $68.1M was recorded.

CFO update: "Despite the challenges of the second quarter, we are optimistic about the early-stage recovery we are seeing in much of our business, including a return to growth in China and the explosive growth of our e-commerce channel... We ended the second quarter in a position of significant financial strength, having grown our cash balances sequentially by more than $175 million through prudent inventory, working capital and operating expense management."

Full-year guidance was withheld by Skechers due to the pandemic.









Official InvestorsHub (IHUB) Profile for #TFMG | #theFinancialMarketingGroup:

#BullishCharts - https://investorshub.advfn.com/BullishChartscom-38003/

#TopMarketGainers - https://investorshub.advfn.com/Chart-Analysis-TopMarketGainerscom-36847/
Public Reply | Private Reply | Keep | Last ReadPost New MsgPrevious | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist
Consent Preferences