Skechers reported solid results for third quarter, swinging to a profit versus a year-ago loss, but the company missed analysts’ expectations by 25%, forcing Wall Street to pull the plug and sending SKX shares down 11.4% for the week to close at $11.04 on
Results for "skechers"
Skechers Swings to Q3 Profit on 16% Sales Increase
Skechers USA, Inc. reported that net sales for the third quarter of 2004 rose 16.2% to $257.7 million compared to $221.8 million in the third quarter of 2003. Net earnings for the quarter were $6.0 million, or 15 cents per diluted share, versus a net loss
Skechers Posts Q2 Profits; Beats Analysts’ Estimates
Skechers USA, Inc. reported that net sales for the second quarter of 2004 rose 2.4% to $234.7 million compared to $229.3 million in the second quarter of 2003. Net earnings for the quarter were $8.3 million, or 21 cents per diluted share, versus a net los
Skechers Q1 Net Income Off 17.6%, But Still Beats Street
Skeckers USA, Inc. reported that net sales for the first quarter of 2004 rose 6.2 percent to $221.5 million compared to $208.6 million in the first quarter of 2003. Net earnings for the quarter were $7.0 million, or 18 cents per diluted share, versus net
SkechersRaises Q1 Sales and Earnings Guidance
Skechers USA, Inc. said Tuesday it expects first quarter 2004 revenues to be above the previously guided range of $190 million to $200 million. The Company also anticipates an improvement in gross profit margin compared to fourth quarter 2003 due to a l
Skechers on the Mend in ‘04… or Is It???
Based on comments by management at Skechers USA, the company is at the beginning at what could either be a false start or a very positive start to 2004 based on recent trends. Wall Street, like management, appears to want o believe the latter as SKX shar
Skechers Q4 Loss Expands 43% on 3.0% Sales Decline
Skechers USA, Inc. reported that net sales for the fourth quarter of 2003 were down 3.0% to $175.3 million compared to $180.8 million in Q4 2002. The net loss for the quarter was $12.3 million, or 33 cents per diluted share, versus a net loss of $8.6 mil
Skechers Posts Net Loss on 11.5% Sales Decrease
SKECHERS USA announced financial results for the fourth quarter and fiscal year ended December 31, 2003. 2003 net sales were $835.0 million, as compared to net
sales of $943.6 million in 2002. Net loss for 2003 was $11.9 million versus net earnings of $47
Skechers Appoints Schneider to Board
SKECHERS announced that Fred Schneider has been appointed to the Company's board of directors and the audit committee of the board of directors…
Skechers Licenses Name for Childrens Socks
SKECHERS announced that United Legwear, Co. has been named the licensee for SKECHERS Kids-branded socks in the United States and Canada. SKECHERS Kids' sock agreement follows on the heels of the Fall 2003 launch of SKECHERS children's apparel wi
Skechers Licenses Name for Sportswear
SKECHERS announced that Paul Davril, Inc. (PDI) has been named the licensee for SKECHERS-branded men's and women's sportswear apparel in the United States. The line will launch in department and specialty stores in spring 2005…
Skechers Sees Q3 Loss on Close-outs…
Skechers saw third quarter sales fall sharply, but the numbers were better than the company’s previous guidance due primarily to the company’s “aggressive approach” to reduce inventories that cut into margins and pushed the company into the loss column…
Skechers Posts Q3 Loss as Sales Fall 15%
Skechers USA, Inc. announced net sales for the third quarter of 2003 totaled $221.8 million compared to $261.1 million in the third quarter of 2002. Net loss for the quarter was $5.9 million, or a 15 cents loss per diluted share, versus net earnings of $
Skechers Signs Kid’s Canada Licensee
Skechers USA, Inc. has named Multigroup Corporation as the licensee for Skechers-branded infant, toddler and children's apparel in Canada. Under the agreement, Multigroup will design, distribute and market children's sportswear and activewear i
Skechers Signs Jeans Licensee
Skechers USA, Inc. has named Federal Jeans, Inc. the licensee for Somethin' Else from Skechers-branded junior sportswear apparel in the United States and Canada. The line will launch in department stores in August 2004…