Skechers EPS Misses Estimates
Skechers U.S.A. (NYSE:SKX), a global leader in footwear, presented its fourth quarter 2024 earnings on February 6, 2025, showcasing a robust performance. Despite a minor shortfall in revenue against estimates, the company reported significant earnings growth. It achieved earnings per share of $0.65 but missed the $0.75 analyst consensus. Revenues reached $2.212 billion, slightly under the $2.220 billion estimate as well, pointing towards an area that may require more focus. Overall, the quarter remained strong with a 12.8% year-over-year revenue increase, reflecting impressive growth dynamics.
Source: Analyst estimates provided by FactSet. Management expectations based on management's guidance, as provided in 2024-10-24 earnings report.
Skechers U.S.A. is a major player in the global footwear industry, with a firm focus on three pillars: brand recognition, product innovation, and global distribution. Having a footprint in approximately 180 countries, it pursues strategic expansion through wholesale, direct-to-consumer, and e-commerce channels. A core aspect of its success lies in effective marketing campaigns featuring celebrities like Martha Stewart and the innovative product lines it promotes globally.
Source Fool.com
