Shares of Skechers USA Inc. were trading down about 25 percent in mid-day trading Friday after the company issued softer-than-expected sales and earnings forecasts for its fiscal second quarter following a solid start to the year.
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Skechers’ Q1 Profits Climb 25 Percent
Skechers USA Inc. reported earnings rose 25.2 percent in the first quarter on a 16.5 percent revenue gain. Led by the company’s international and retail segments, sales came in easily ahead and earnings at the upper-end of expectations.
Skechers Performance Returns As Title Sponsor Of Los Angeles Marathon
For its third year as title sponsor of the event held on Sunday, March 18, Skechers will offer race-branded merchandise and host several events, including a meet and greet with four-time Olympian Meb Keflezighi.
Skechers To Launch Garfield Collection
Skechers USA Inc. announced that it will introduce a collection within the BOBS from Skechers division featuring the massively popular Garfield character – star of the popular syndicated comic strip.
Skechers Foundation Gives More Than $1.5 Million to Children with Special Needs and Education
The Skechers Foundation celebrated its ninth record-breaking Skechers Pier to Pier Friendship Walk for children last week at the Shade Hotel in Manhattan Beach, California – presenting more than $510,000 to The Friendship Foundation in support of kids with special needs, and over $1 million for education foundations.
Skechers Delivers Blowout Q4
With all distribution channels delivering double-digit growth, Skechers USA reported fourth-quarter results that came in well above guidance.
Skechers’ Sales Soar 27 Percent In Q4
International wholesale sales increased 40.2 percent; domestic wholesale sales advanced 11.6 percent and company-owned global retail sales expanded 25.8 percent.
Skechers Puts Howie Long In The Super Bowl
Shot on an airplane, Howie Long’s Skechers Sport Wide Fit Super Bowl commercial spotlights the relaxed comfort of the brand.
Skechers Returns As Houston Marathon Sponsor
Skechers Performance, a division of Skechers USA, Inc., returns to Houston, Texas on January 14, 2018 for its fifth year as the official footwear and apparel sponsor of the Chevron Houston Marathon and Aramco Houston Half Marathon.
Skechers Develops Scrubs Collection
Barco Uniforms announced that it has partnered with Skechers USA Inc. for the global launch of a new scrub collection – Skechers by Barco – designed for healthcare professionals.
Skechers Appoints CFO
Skechers USA Inc. announced that the company has hired John Vandemore to serve as chief financial officer. This expansion of the Skechers executive team will allow David Weinberg, who had been filling both CFO and COO roles, to focus more attention on the company’s operations
Skechers Pier to Pier Friendship Walk Raises More Than $1.8 Million
The Skechers Foundation announced that its 9th annual 2017 Skechers Pier to Pier Friendship Walk raised more than $1.8 million for children with special needs and education, exceeding its $1.6 million goal.
BOBS from Skechers Roving Rescue Bus Arrives In New York City
BOBS from Skechers has partnered with national animal welfare organization Best Friends Animal Society to transport 25 adoptable dogs from Houston to rescue groups along the East Coast.
Skechers Brings Out Limited-Edition Meb Shoe For Final Race
To celebrate Meb Keflezighi’s final race, Skechers is introducing a limited edition 36 pairs of his racing shoe will be available for sale at the TCS New York City Marathon expo.
Skechers Claims Shareholder Lawsuits Without Merit
Skechers USA Inc. in a statement denied the allegations in the recent alleged shareholder class actions as frivolous and malicious, and plans on defending them vigorously.
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