Skechers Usa Stock Price, News & Analysis

Skechers U.S.A., Inc. (SKX) reported a record third-quarter sales of $1.55 billion for the period ending September 30, 2021, marking a 19.2% increase year-over-year. Diluted earnings per share rose significantly by 61.0% to $0.66. Direct-to-Consumer sales surged by 44.1%, while wholesale sales grew by 10.5%. The company anticipates ongoing supply chain challenges but remains optimistic about future growth as improvements in logistics are noted. Skechers continues to invest in product innovation and advertising, leading to enhanced gross margins of 49.6%.

The Skechers Pier to Pier Friendship Walk raised over $2.6 million this year, bringing its total to more than $17 million in 13 years for children with special needs and education. The event saw approximately 17,000 participants and featured notable appearances and performances. Skechers co-founder Michael Greenberg emphasized the importance of these funds in improving lives and stated that initiatives funded will redefine possibilities for children with special needs. The Friendship Foundation will break ground on a new campus in 2023 to further support education and job training.

Kinecta Federal Credit Union is set to be the presenting sponsor for the 13th Annual Skechers Pier to Pier Friendship Walk on October 24, 2021. The event aims to raise $2.5 million to support children with special needs and students. Since its inception in 2009, the walk has gathered over 17,000 participants and raised more than $17 million for public schools and the Friendship Foundation. Kinecta, recognized for its community involvement, invites the public to register for this significant charitable event.

The Skechers Pier to Pier Friendship Walk, supported by Kinecta Federal Credit Union and numerous celebrities, aims to raise $2.5 million for children with special needs. The event, which has raised over $17 million since 2009, will feature live performances and activities for participants. A portion of proceeds will benefit the Friendship Foundation and educational scholarships, totaling $620,000 awarded to date. This year's walk is set for October 24 at 9 AM PST, expecting increased participation after the impacts of COVID-19.

SKECHERS USA, Inc. (NYSE: SKX), known for its innovative footwear, will announce its third quarter 2021 financial results on October 28, 2021, after market close. A conference call will occur the same day at 4:30 p.m. ET, featuring COO David Weinberg and CFO John Vandemore. Investors can access the call on the company's Investor Relations website, with a replay available from 7:30 p.m. ET on October 28 until November 11, 2021. SKECHERS offers a broad range of footwear globally, available in over 170 countries.

SKECHERS USA, Inc. (NYSE:SKX) announced a schedule change for its virtual fireside chat with CFO John Vandemore at the Morgan Stanley Global Sporting Goods Day, set for September 28, 2021, at 4:00 a.m. PT / 7:00 a.m. ET. The chat will be available live and can be replayed for 90 days on the company's investor relations site. SKECHERS specializes in lifestyle and performance footwear, operating in over 170 countries and territories with 4,057 retail stores and e-commerce sites.

SKECHERS USA, Inc. (NYSE:SKX) announced that CFO John Vandemore will take part in a virtual fireside chat at the Morgan Stanley Global Sporting Goods Day on Tuesday, September 28, 2021, at 6:00 AM PT. This event will allow investors to gain insights into the company's performance and future outlook. The chat will be available live and can be replayed for 90 days on the company's investor relations website. SKECHERS continues to be a leader in the footwear industry, offering a diverse range of products worldwide.

Skechers has been named the official footwear supplier for both the European and U.S. teams during the Solheim Cup, with Danish golfer Emily Pedersen leading the European team to victory in Skechers GO GOLF Elite 3 footwear. The event took place at the Inverness Club in Toledo, Ohio, where Team Europe won 15-13. Skechers also provided GO RUN Supersonic footwear to support staff and officials, marking the first time they supplied both teams. With a focus on comfort and performance, Skechers aims to showcase its innovative footwear collection in the competitive golf market.