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Skechers Usa Stock Price, News & Analysis

SKX NYSE

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.

Skechers USA Inc (NYSE: SKX) is a global leader in lifestyle and performance footwear, serving consumers through innovative designs and multi-channel distribution. This news hub provides investors and industry observers with direct access to the company's official announcements and market developments.

Track all essential updates in one centralized location, including quarterly earnings reports, product innovation launches, and strategic partnership announcements. Our curated collection ensures timely access to press releases directly from Skechers' corporate communications team, alongside relevant financial analyses.

Discover updates spanning wholesale operations, retail expansion initiatives, and licensing agreements that shape Skechers' market position. The company's commitment to comfort technology and celebrity-endorsed marketing campaigns remains evident across its communications.

Bookmark this page for convenient access to SKX's latest operational milestones and financial disclosures. Check back regularly to stay informed about this footwear innovator's evolving business strategy and industry leadership.

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Skechers (NYSE:SKX) reported record second quarter sales of $2.16 billion, a 7.2% increase year-over-year. Direct-to-Consumer sales grew 9.2% and Wholesale sales grew 5.5%. The company achieved diluted earnings per share of $0.91. Skechers saw growth across all regions: 7% in the Americas, 14% in EMEA, and 2% in Asia Pacific. The company's gross margin improved to 54.9%, up 220 basis points. However, operating margin decreased to 9.6% from 10.8% in the previous year. Skechers' Board authorized a new $1 billion share repurchase program. The company raised its full-year outlook for sales and earnings, now expecting fiscal year 2024 sales between $8.875 and $8.975 billion and diluted EPS between $4.08 and $4.18.

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Skechers (NYSE:SKX) has partnered with American beach volleyball pros Andy Benesh and Miles Partain for their debut in Paris. The athletes will compete in Skechers-branded apparel and headwear, including hats, tank tops, and shorts made with innovative performance materials. This marks Skechers' first major involvement in beach volleyball through apparel sponsorship.

The partnership aligns with Skechers' beach-centric roots, as their headquarters is near the Manhattan Beach Open. Benesh and Partain, both accomplished players with notable achievements, expressed enthusiasm for the collaboration, citing Skechers' understanding of beach lifestyle and comfort as key factors. Skechers President Michael Greenberg highlighted the company's commitment to delivering high-performance apparel for elite athletes across various sports.

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Skechers has expanded its soccer boot range, bringing Harry Kane's signature boots to the US market. Known for their performance and comfort, these boots are worn by elite players such as Kane and other Premier League stars. The new Skechers Evolution pack includes the lightweight Razor boots and customizable SKX_01 boots, available in both low and high-top versions.

In addition to Elite styles, Skechers plans to introduce entry-level and youth boots to cater to all levels of play. With a growing roster of professional athletes and an expanding global reach, Skechers aims to revolutionize the soccer footwear market.

Boots will be available at Skechers websites, retail stores, and specialty football retailers worldwide.

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Skechers has signed West Ham United and Ghana National Team winger Mohammed Kudus to promote its Skechers Football boots. Kudus, nicknamed 'Star Boy,' will be featured in marketing campaigns for Skechers' new Evolution Pack of football boots. The Evolution Pack marks a year since Skechers Football entered the market and aims to expand globally. Kudus has been testing the Skechers Razor boots, known for their agility and comfort. Skechers' roster also includes Harry Kane, who competes in UEFA Euro 2024, among other elite players. Kudus, 23, has a professional debut with Danish club Nordsjælland and has played for Ajax and West Ham United, scoring 17 goals for Ajax and 11 goals for Ghana in international matches. The Evolution Pack includes three Elite styles of boots in various colorways and will expand to include Academy, Youth, and Kids styles.

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Skechers (NYSE: SKX), a global footwear leader, will announce its second quarter 2024 financial results on Thursday, July 25, 2024, after market close. The results will be reviewed by COO David Weinberg and CFO John Vandemore during a conference call at 4:30 p.m. ET / 1:30 p.m. PT, accessible via the Investor Relations section of the company's website. A replay of the call will be available online for one year. Skechers, known for its diverse range of lifestyle and performance footwear, apparel, and accessories, operates in 180 countries through various retail channels including approximately 5,200 Skechers stores. The company is a Fortune 500 entity with a significant global footprint managed through subsidiaries, joint ventures, and distributors.

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Skechers announced that John Vandemore, CFO, will speak at the Evercore ISI Consumer and Retail Conference on June 11, 2024, at 11:00 a.m. PT / 2:00 p.m. ET. The fireside chat will be accessible live and in replay for 90 days on Skechers' investor website. Skechers, a global leader in footwear and apparel, operates in 180 countries and has around 5,200 retail stores worldwide.

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Skechers has surpassed $11 million in donations through its BOBS from Skechers collection, significantly aiding animal welfare since 2015. The funds have supported over 2 million shelter pets, reflecting strong consumer engagement. To celebrate this milestone, Skechers is launching a month-long series of events, including pet adoptions and grant distributions in collaboration with Petco Love. The events feature the Paws for a Cause Design Scholarship, debuting -edition sneaker designs inspired by rescued pets. The initiative has also expanded internationally, supporting animal welfare in the United States, Canada, UK, and Japan. With these efforts, Skechers continues to solidify its commitment to animal welfare and community engagement.

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Skechers, a global performance and lifestyle brand, has announced its early commitment to air a commercial during Super Bowl LIX on February 9, 2025. This marks the brand's 12th appearance at the event, signifying a strategic move to amplify its marketing efforts and brand messaging. Skechers, ranked as the third-largest footwear brand globally, sees substantial growth opportunities in team sports, recently entering basketball and soccer markets with players like Julius Randle and Harry Kane. The upcoming Super Bowl ad aims to highlight Skechers' focus on comfort and innovation, reinforcing its position as 'The Comfort Technology Company.'

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Skechers announces a global partnership with John Deere to launch a footwear collection in July 2024. The Skechers x John Deere collection is designed for agricultural professionals, construction workers, and outdoor enthusiasts, combining Skechers' comfort technologies with John Deere's rugged durability. The initial men's line will feature PORON® XRD metatarsal protection, Skechers Hands Free Slip-ins®, Arch Fit®, and Relaxed Fit® technologies. Children's styles will include Skechers Air-Cooled Memory Foam® and machine washable features. The collaboration aims to leverage John Deere's reputable brand and Skechers' global distribution network to attract diverse consumer demographics seeking innovative and durable footwear. The collection will be available at Skechers retail stores, online, and through premium retail and specialty partners worldwide.

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FAQ

What is the current stock price of Skechers Usa (SKX)?

The current stock price of Skechers Usa (SKX) is $62 as of June 3, 2025.

What is the market cap of Skechers Usa (SKX)?

The market cap of Skechers Usa (SKX) is approximately 9.3B.
Skechers Usa

NYSE:SKX

SKX Rankings

SKX Stock Data

9.28B
129.48M
0.73%
97.2%
4.8%
Footwear & Accessories
Footwear, (no Rubber)
Link
United States
MANHATTAN BEACH