- Skechers reported adjusted EPS of $1.17, exceeding the estimate of $1.16 but lower than the previous year’s $1.37.
- Reported EPS was $1.34, slightly higher than both the estimate and the previous year’s $1.33.
- Net sales were $2.41 billion, just under the $2.43 billion estimate.
- Direct-to-consumer sales rose by 6% year over year to $879.4 million, below the estimate of $906.1 million.
- The gross margin came in at 52%, a slight reduction from 52.5% year-over-year and below the estimate of 52.2%.
- Operating margin was reported at 11%, matching estimates but down from 13.3% year-over-year.
- Inventory grew 30% year over year to $1.77 billion, higher than the estimated $1.54 billion.
- Earnings before income taxes were $289.7 million, a decrease of 2.4% year over year, yet above the estimated $267.6 million.
- Skechers CFO, John Vandemore, highlighted the global strength of the business and its innovative product portfolio as key contributors to the results.
- Market analysis shows 16 buy ratings, 3 hold ratings, and 0 sell ratings for Skechers.
Skechers Usa Inc Cl A on Smartkarma
Analyst coverage on Skechers USA Inc Cl A by Baptista Research on Smartkarma reveals a positive sentiment towards the company’s recent financial performance. In the report titled “Skechers U.S.A.: Here’s Why Its D2C & E-Commerce Expansion Has Made Us Bullish!“, Skechers posted impressive results for the fourth quarter and full year 2024. With sales surpassing $9 billion on a constant currency basis, a 13% increase, and notable growth in net earnings by 26%, boasting a gross margin of 53.2% and an operating margin of 10.1%, the company has achieved significant milestones in its business development.
Furthermore, in another report titled “Skechers U.S.A. Inc.: An Analysis Of Its Innovation in Comfort Technology & Other Major Drivers“, Baptista Research highlights Skechers USA Inc.’s strong performance in the third quarter of 2024. The company reported a quarterly revenue of $2.35 billion, a 16% increase year-over-year, and an EPS of $1.26, reflecting a 35% rise. This success underscores Skechers’ strong performance in both wholesale and direct-to-consumer segments, as well as consistent demand in international markets, positioning the company well for continued growth and success.
A look at Skechers Usa Inc Cl A Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 1 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 2.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Skechers Usa Inc Cl A has an overall mixed outlook. While it received moderate scores in Value, Growth, Resilience, and Momentum, its performance in Dividend scored lower. This suggests that the company may have potential in terms of growth, resilience, and momentum, but investors may not benefit much in terms of dividend payouts.
Skechers U.S.A., Inc. is a company that designs and sells a variety of branded footwear for different demographics. With its decent scores in Value, Growth, Resilience, and Momentum, the company shows promise in various aspects. However, its low score in Dividend indicates that investors should not expect significant dividends from this stock in the long term. Overall, Skechers Usa Inc Cl A may be worth considering for growth-oriented investors.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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