Welcome to our dedicated page for Skechers U.S.A. news (Ticker: $SKX), a resource for investors and traders seeking the latest updates and insights on Skechers U.S.A. stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Skechers U.S.A.'s stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Skechers U.S.A.'s position in the market.
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Skechers returns for the 11th time with a Big Game commercial featuring Mr. T to emphasize the correct spelling of the brand's name. The commercial showcases the convenience of Skechers Hands Free Slip-ins technology while highlighting the iconic 't' in the brand's name. Skechers has a history of notable Big Game commercials, and this year's spot aims to address the common misspelling of the brand's name.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.98%
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Skechers U.S.A., Inc. announced record annual sales of $8.00 billion, a year-over-year increase of 7.5%, with diluted earnings per share of $3.49, a year-over-year increase of 46.6%. The company also achieved a record gross margin of 53.1% in the fourth quarter. Direct-to-Consumer sales grew by 24.3% annually and 20.3% in Q4, while Wholesale sales decreased by 8%. Skechers' full-year sales record was attributed to strong global demand, growing consumer base, and strategic partnerships. The company's successful financial results in 2023 reflect a positive outlook for continued growth and expansion in 2024.
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End-of-Day
-10.31%
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Skechers awarded college students Teeny Nadeau and Maki Shigetani with tuition funds and corporate mentorships for their animal prints. Their designs will be featured in a limited-edition collection in June 2024. The winners' patterns were inspired by their adopted animals, with Nadeau's cat mosaic in honor of her cat Firefly, and Shigetani's 'Bark 'n' Drive' dog mosaic in tribute to her family's dogs. Both students will receive $10,000 college scholarships and one-on-one corporate mentorship sessions with key Skechers design personnel.
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Rhea-AI Sentiment
End-of-Day
0.98%
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Skechers signs Arsenal and Ukrainian National Team defender Oleksandr Zinchenko to compete in the Skechers Razor football boots, expanding its reach in football. The brand aims to grow its presence in the sport with the launch of the Diamond Ice Pack, featuring a new all-white colorway. Zinchenko praises the performance and comfort of the Razor boot, expressing excitement to work with Skechers. The press release highlights the success of Skechers Football since the signing of Harry Kane and the range of boots available for men and women, including the Razor and SKX_01.
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End-of-Day
-2.25%
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o9 Solutions, a leading enterprise AI software platform provider, announced that Skechers has selected the o9 Digital Brain platform for integrated business planning within its North America retail operations. The AI-powered platform will enhance Skechers' planning and decision-making to meet consumer demand more efficiently. Skechers' Chief Information Officer, Chris Coye, expressed confidence in the platform's ability to manage inventory flow to domestic stores. Meanwhile, o9 Solutions' CEO, Chakri Gottemukkala, is optimistic about the platform's potential to enhance and accelerate Skechers' planning processes and capabilities across its North America retail business.
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End-of-Day
-1.97%
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Skechers USA, Inc. (NYSE: SKX) will release its Q4 and full year 2023 financial results on February 1, 2024. The results will be reviewed by COO David Weinberg and CFO John Vandemore during a conference call. The conference call will be broadcast live and accessible on the Investor Relations section of the Company’s website.
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0.12%
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Skechers U.S.A., Inc. to Vigorously Defend Patent Suit Filed by Nike: Skechers announced its intention to defend the patent suit filed by Nike in California federal court, alleging violation of Flyknit patents. The company believes the lawsuit is baseless and an attempt by Nike to stifle legitimate competition. Skechers is confident in its ability to vindicate itself in court.
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End-of-Day
-1.79%
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Michael Greenberg, president of Skechers, has been named 2023 Person of the Year by Footwear News. This is the second time he has received this honor, with the first being in 2000. Skechers was also named Company of the Year in 2022 and previously in 1998 and 2014.
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Rhea-AI Sentiment
End-of-Day
1.4%
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The Skechers Pier to Pier Friendship Walk celebrated its 15th anniversary event and raised over $3 million for children with special needs, public education, and scholarships. Since its inception in 2009, the event has raised a total of over $24 million. The walk was supported by Kinecta Federal Credit Union and featured various celebrities and performances.
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End-of-Day
-3.57%
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Skechers reports record quarterly sales of $2.02 billion, a YoY increase of 7.8%. Diluted earnings per share also rose by 69.1% to $0.93. Direct-to-Consumer sales grew by 23.8%. Inventory decreased by $436.0 million or 24.0% from December 31, 2022. Skechers remains confident in its long-term growth strategy.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.45%
Tags
Skechers U.S.A., Inc.
NYSE:SKX
SKX Rankings
SKX Stock Data
10.22B
131.86M
0.85%
91.8%
1.63%
Footwear Merchant Wholesalers
Wholesale Trade
United States of America
MANHATTAN BEACH
About SKX
a two-billion-dollar global leader in the high performance and lifestyle footwear industry, skechers usa, inc. designs, develops and markets more than 3,000 styles for men, women and children. skechers' success stems from its employees, high-quality, varied product offering, diversified domestic and international distribution channels, and targeted multi-channel marketing. the company offers two distinct footwear categories: a lifestyle division which includes skechers memory foam and the charity line bobs from skechers, and skechers performance which includes skechers gorun and skechers gowalk footwear. through licensing agreements, the company also offers branded apparel, bags, eyewear and more. celebrity product endorsees for skechers' collections include the world famous drummer ringo starr, multi-platinum recording artist demi lovato, model and actress kelly brook, tv personality brooke burke-charvet, legendary quarterbacks joe montana and joe namath, baseball stars pete rose