Skechers USA Inc. has been added to the S&P MidCap 400 Index, effective as of the close of trading Tuesday, June 30, 2015.
“We are pleased to be added to the S&P MidCap 400 Index®, which reflects our continued positive momentum across our global business,” commented David Weinberg, chief operating officer and chief financial officer. “This selection by S&P recognizes our strong growth and leading position in the footwear sector and our ability to deliver shareholder value.”
The S&P MidCap 400 provides investors with a benchmark for mid-sized companies. The index, which is distinct from the large-cap S&P 500, measures the performance of mid-sized companies, reflecting the distinctive risk and return characteristics of this market segment.