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Skechers’ Solid 2004 Results May Point to Turnaround…

February 28, 2005 SGB Update

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

February 22, 2005 SGB Update

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…

February 7, 2005 SGB Update

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

February 1, 2005 SGB Update

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…

December 27, 2004 SGB Update

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

December 20, 2004 SGB Update

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

Skechers Swings to Q3 Profit, But Still Disappoints Street…

November 2, 2004 SGB Update

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

Skechers Swings to Q3 Profit on 16% Sales Increase

October 27, 2004 SGB Executive SGB Update

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

July 22, 2004 SGB Update

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

April 22, 2004 SGB Update

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

April 6, 2004 SGB Update

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???

February 23, 2004 SGB Update

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

February 19, 2004 SGB Update

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

February 19, 2004 SGB Update

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