SKECHERS USA to Report First Quarter 2013 Financial Results on Wednesday,
May 15, 2013
*Announces Filing of Notice of Late Filing on Form 12b-25 with the U.S.
Securities and Exchange Commission on May 10, 2013
*Expects to File its Quarterly Report on Form 10-Q for the Quarter Ended
March 31, 2013 on May 15, 2013
*First Quarter 2013 Conference Call Scheduled for 1:30 p.m. PT / 4:30 p.m.
ET May 15, 2013
MANHATTAN BEACH, Calif. -- May 09, 2013
SKECHERS USA, Inc. (NYSE:SKX), a global leader in footwear, today announced
that itwill file tomorrow, May 10, 2013, a Notification of Late Filing on
Form 12b-25 with the U.S. Securities and Exchange Commission with regard to
its Quarterly Report on Form 10-Q for the quarter ended March 31, 2013. The
Company will file the Form 12b-25 in order to enable its newly appointed
independent auditor, BDO USA, LLP, sufficient time to complete its review of
the Company’s condensed consolidated financial statements for the quarter
ended March 31, 2013 prior to the filing of the corresponding Form 10-Q in
accordance with Public Company Accounting Oversight Board (PCAOB) Statement on
Auditing Standards AU 722, Interim Financial Information.
The Company expects to file its Form 10-Q for the quarter ended March 31, 2013
with the SEC and to communicate its first quarter 2013 financial results after
the financial markets close on Wednesday, May 15, 2013. A conference call is
scheduled the same day at 1:30 p.m. PT / 4:30 p.m. ET. Participating in the
call will be David Weinberg, the Company's Chief Operating Officer and Chief
The call can be accessed on the Investor Relations section of the Company’s
website at www.skx.com. For those unable to participate during the live
broadcast, a replay will be available beginning May 15, 2013, at 7:30 p.m. ET,
through May 29, 2013, at 11:59 p.m. ET. To access the replay, dial
877-870-5176 (U.S.) or 858-384-5517 (International) and use passcode: 412019.
ABOUT SKECHERS USA, INC.
SKECHERS USA, Inc., based in Manhattan Beach, California, designs, develops
and markets a diverse range of footwear for men, women and children under the
SKECHERS name. SKECHERS footwear is available in the United States via
department and specialty stores, Company-owned SKECHERS retail stores and its
e-commerce website, and over 100 countries and territories through the
Company’s global network of distributors and subsidiaries in Brazil, Canada,
Chile, Japan, and across Europe, as well as through joint ventures in Asia.
For more information, please visit www.skechers.com, and follow us on Facebook
(www.facebook.com/SKECHERS) and Twitter (twitter.com/SKECHERSUSA).
This announcement may contain forward-looking statements that are made
pursuant to the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. Forward-looking statements include, without limitation,
any statement that may predict, forecast, indicate or simply state future
results, performance or achievements, and can be identified by the use of
forward looking language such as "believe," "anticipate," "expect,"
"estimate," "intend," "plan," "project," "will be," "will continue," "will
result," "could," "may," "might," or any variations of such words with similar
meanings. Any such statements are subject to risks and uncertainties that
could cause actual results to differ materially from those projected in
forward-looking statements. Factors that might cause or contribute to such
differences include the resignation of the Company’s former independent
registered public accounting firm, and its withdrawal of its audit reports
with respect to certain of the Company’s historical financial statements,
international, national and local general economic, political and market
conditions including the ongoing global economic slowdown and market
instability; entry into the highly competitive performance footwear market;
sustaining, managing and forecasting costs and proper inventory levels; losing
any significant customers, decreased demand by industry retailers and
cancellation of order commitments due to the lack of popularity of particular
designs and/or categories of products; maintaining brand image and intense
competition among sellers of footwear for consumers; anticipating,
identifying, interpreting or forecasting changes in fashion trends, consumer
demand for the products and the various market factors described above; sales
levels during the spring, back-to-school and holiday selling seasons; and
other factors referenced or incorporated by reference in the Company’s annual
report on Form 10-K for the year ended December 31, 2012. The risks included
here are not exhaustive. The Company operates in a very competitive and
rapidly changing environment. New risks emerge from time to time and the
companies cannot predict all such risk factors, nor can the companies assess
the impact of all such risk factors on their respective businesses or the
extent to which any factor, or combination of factors, may cause actual
results to differ materially from those contained in any forward-looking
statements. Given these risks and uncertainties, you should not place undue
reliance on forward-looking statements as a prediction of actual results.
Moreover, reported results should not be considered an indication of future
SKECHERS USA, Inc.
Chief Operating Officer
Chief Financial Officer
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