Skechers posted its seventh consecutive quarter of net sales increases and its sixth quarter of net income gains with owned-retail comprising approximately 20% of total business, but gave guidance for the fourth quarter and full year that was below analys
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Skechers Doubles Bottom Line on 5% Sales Increase
Skechers net sales for the third quarter of 2005 rose 5.9% to $272.8 million compared to $257.7 million for the same period in 2004. Third quarter 2005 net earnings were $12.6 million versus net earnings of $6.0 million in the third quarter of the prior y
Skechers to Launch Kitson Brand Footwear Line
Skechers USA, Inc. is developing Kitson-branded footwear for the ultra-trendy Los Angeles boutique that has been called “the place to be for fashionable stars.” Launching in Fall 2005 with a women's and girl's sneaker that proudly displays the K
Skechers Sees Continued Momentum; Raises Third Quarter Guidance…
Skechers USA, Inc. certainly looks as though its multi-brand strategy is starting to pay dividends as second quarter sales and earnings growth easily outpaced expectations on Wall Street. Consolidated net sales increased 12.5% to $263.9 million in the se
Skechers Net Income Nearly Doubles on 12.5% Sales Jump
Skechers USA, Inc. announced financial results for the second quarter ended June 30, 2005. Net sales for the quarter rose 12.5% to $263.9 million compared to $234.7 million in last year's quarter. Net earnings were $15.9 million versus net earnings o
Skechers Signs American Idol Winner to Endorsement Deal
Skechers has signed American Idol winner and rising star Carrie Underwood to a global endorsement agreement. After successfully partnering with music sensations Britney Spears and Christina Aguilera from early fame through the height of their careers, Ske
Skechers USA Class Action Suit Dismissed
Skechers USA, Inc. announced Friday that the United States District Court for the Central District of California dismissed the first amended consolidated shareholders securities class action complaint filed against the Company and certain of the Company&#
Skechers USA Wins First Round in Class Action Fight; Future Looking Brighter…
Skechers USA appears to be in full rebound mode as gains from an expanding International business, strong owned-retail comps, and new brands and licensees helped push sales up 11.2% for the 2005 first quarter to $246.2 million, compared to $221.5 million
Skechers Q1 Sales Rise 11.2%; Earnings Jump 47%
Skechers USA, Inc. announced financial results for the first quarter ended March 31, 2005. Net sales for the first quarter of 2005 rose 11.2% to $246.2 million compared to $221.5 million in the first quarter of 2004. Net earnings for the quarter were $10.
Skechers’ Solid 2004 Results May Point to Turnaround…
Skechers USA looks to be heading in the right direction after posting a sold fourth quarter that benefited from fewer markdowns and close-outs that drove up average selling prices in footwear, as well as tighter controls on everything from selling expense
Skechers Swings to Profit in Q4 on Sales Growth, Better Margins
Skechers USA, Inc. reported that net sales for the 2004 fourth quarter increased 17.8% to $206.5 million, compared to $175.3 million in the fourth quarter of 2003. Net earnings for the fourth quarter of 2004 were $2.1 million, or 5 cents per diluted share
Skechers Expects to Beat Q4 Estimates…
Skechers U.S.A., Inc. pre-announced it is expecting fourth quarter revenues to be in excess of $200 million, at least 8% above the high end of the company's previous guidance of $175 to $185 million. SKX further expects Q4 results per share to be bet
Skechers Expects to Beat Q4 Guidance, Estimates
Skechers U.S.A., Inc. pre-announced that it is expecting fourth quarter revenues to be in excess of $200 million, which will be at least 8% above the high end of the company's previous guidance of $175 million to $185 million. The Company further exp
Skechers USA Settles Three Class Action Suits…
Skechers USA Inc. has reportedly reached a tentative settlement in three class-action lawsuits that were brought by former and current store managers, assistant store managers and employees of the company's retail stores who accused the company of vi
Skechers USA Settles Three Class Action Suits
Skechers USA, Inc. has reached a preliminary agreement to settle three disputed class action lawsuits brought by former and current store managers, assistant store managers and employees of the company's retail stores. The preliminary settlement, wh
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