Skechers Usa Stock Price, News & Analysis

Skechers has signed a multi-year global deal with PGA Tour rising star Matt Fitzpatrick, who will wear Skechers GO GOLF Pro 5 Hyper™ footwear and feature the Skechers logo on his headwear. Fitzpatrick, an accomplished golfer with seven European Tour wins, will also participate in marketing campaigns for the brand. Skechers aims to leverage Fitzpatrick's popularity and performance in golf to enhance its brand presence in the sporting community. This partnership underscores Skechers' commitment to comfort and performance in athletic footwear.

Tokens.com Corp. (OTCQB: SMURF) has announced that its subsidiary, Metaverse Group, has signed a lease with Skechers USA, Inc. (NYSE: SKX) for a 5,000-square-foot space in Decentraland. This collaboration represents a significant step in Tokens.com’s Metaverse strategy, positioning Metaverse Group as a pioneering virtual landlord. The lease aims to create an innovative shopping experience and generate recurring revenue, akin to traditional real estate models. Both companies are exploring new customer engagement strategies within the Metaverse.

Skechers has signed a lease in Decentraland's Fashion District, marking its entry into the metaverse. This move is accompanied by global trademark applications to sell virtual goods, indicating potential growth in new markets. President Michael Greenberg highlighted this as a strategic investment for engaging new audiences. The company, known for its wide range of footwear, surpassed $6.29 billion in revenue in 2021 and aims to reach $10 billion by 2026.

Skechers USA, Inc. (NYSE:SKX) has announced a temporary suspension of shipments to Russia amid the ongoing conflict in Ukraine. The company is committing $250,000 in humanitarian aid to organizations supporting Ukrainians and matching employee donations up to another $250,000. Skechers is also collaborating with CORE to provide emergency assistance to Ukrainian refugees in Poland. The company has a long-standing relationship with the Tikva Children's Home in Odessa and plans to contribute additional supplies to support the influx of refugees, now exceeding 2 million.

The Skechers Foundation has achieved a record donation of $2.5 million to support children with special needs and education. This contribution comes from funds raised through the Skechers Pier to Pier Friendship Walk, which has raised nearly $18 million since its inception in 2009. The donations include $713,000 for the Friendship Foundation and over $1.47 million for six educational foundations. Additionally, the Foundation's scholarship program awarded more than $280,000 to high school seniors.

SKECHERS USA, a global footwear leader, announced that CFO John Vandemore will participate in a fireside chat at the UBS Global Consumer & Retail Conference in Boston on March 9, 2022, at 1:00 p.m. ET. The chat will be available live and on replay for 90 days on the company's website. SKECHERS designs and markets a wide range of footwear and accessories, operating retail stores and e-commerce sites across the U.S. and over 180 countries.

Skechers, the Comfort Technology Company™, announces its role as the Official Footwear Sponsor of the US OPEN Pickleball Championships starting April 23 in Naples, FL. The company will launch a new line of pickleball footwear, including the Viper Court shoe, designed for both casual and competitive players, featuring advanced comfort technology. This multi-year partnership includes providing footwear to event volunteers and a booth for fans to experience and purchase products. Skechers aims to capitalize on the growing popularity of pickleball, reinforcing its presence in the performance footwear market.

Skechers has launched a global campaign featuring music legend Willie Nelson during the Super Bowl. The campaign includes two commercials showcasing Nelson's iconic song "On the Road Again" and a humorous take on his advocacy for comfort. Michael Greenberg, president of Skechers, highlights Nelson's broad appeal and genuine personality as key factors for the campaign's impact. This is the ninth time Skechers has advertised during the Super Bowl, emphasizing their leading position in comfort footwear with technologies like Skechers Arch Fit, Max Cushioning, and more.

Skechers reported strong financial results for Q4 and FY 2021, marking significant growth across sales and earnings. Q4 sales reached $1.65 billion, up 24.4% YoY, driven by a 30.3% rise in Direct-to-Consumer and 30.1% in International Wholesale. The company achieved a record annual sales milestone of $6.29 billion, an increase of 36.7% from 2020. Skechers' diluted EPS hit $2.56, boosted by a tax benefit of $346.8 million. A $500 million share repurchase program was authorized to enhance shareholder value. The outlook for Q1 2022 anticipates sales between $1.675 billion and $1.725 billion.