Last $68.14 USD
Change Today -0.62 / -0.90%
Volume 572.3K
SKX On Other Exchanges
Symbol
Exchange
Berlin
As of 8:04 PM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).

skechers usa inc-cl a (SKX) Snapshot

Open
$68.80
Previous Close
$68.76
Day High
$68.83
Day Low
$67.56
52 Week High
02/24/15 - $70.25
52 Week Low
03/3/14 - $33.07
Market Cap
3.6B
Average Volume 10 Days
993.0K
EPS TTM
$2.75
Shares Outstanding
41.6M
EX-Date
--
P/E TM
24.8x
Dividend
--
Dividend Yield
--
Current Stock Chart for SKECHERS USA INC-CL A (SKX)

skechers usa inc-cl a (SKX) Details

Skechers U.S.A., Inc. designs, develops, markets, and distributes footwear for men, women, and children, as well as performance footwear for men and women under the Skechers GO brand name. The company operates through four segments: Domestic Wholesale Sales, International Wholesale Sales, Retail Sales, and E-commerce Sales. It offers casual footwear, including boots, shoes, and sandals for men, as well as oxfords and slip-ons, lug outsole and fashion boots, and casual sandals for women; dress casuals, seasonal sandals and boots, and relaxed fit casuals for men and women; casual fusion line for young men and women under the Skechers USA brand. The company also provides footwear for men and women comprising Skechers memory foam styles, lightweight performance-inspired athletics, classic athletic-inspired styles, and sport sandals and boots under the Skechers Sport brand name; sneakers for females under the name of Skechers Active brand; and footwear for kids, men, and young women under the BOBS from Skechers name. In addition, it offers boots, shoes, sneakers, sandals, and skimmers for infants, toddlers, boys, and girls under the name of Skechers Kids brand. Further, the company provides men’s and women’s casuals, field boots, hikers, and athletic shoes under the Skechers Work brand; technical footwear under the Skechers Performance brand; and footwear designed for running, walking, trail running, gym, and golf course. It sells its products through its e-commerce Website and own retail stores; and through department and specialty stores, athletic and independent retailers, boutiques, and catalog and Internet retailers. As of February 15, 2014, the company operated 122 concept stores, 131 factory outlet stores, and 71 warehouse outlet stores in the United States; and 44 concept stores and 26 factory outlets internationally. Skechers U.S.A., Inc. was founded in 1992 and is headquartered in Manhattan Beach, California.

2,944 Employees
Last Reported Date: 02/27/15
Founded in 1992

skechers usa inc-cl a (SKX) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $2.0M
President and Director
Total Annual Compensation: $1.5M
Chief Financial Officer, Chief Operating Offi...
Total Annual Compensation: $1.3M
Executive Vice President of Product Developme...
Total Annual Compensation: $1.0M
Executive Vice President of Business Affairs,...
Total Annual Compensation: $550.0K
Compensation as of Fiscal Year 2013.

skechers usa inc-cl a (SKX) Key Developments

Under Armour Files Federal Lawsuit Against Skechers

Under Armour filed a federal lawsuit against Skechers, alleging that the company violated copyright protections by copying the look and feel of its "Protect This House. I Will" ads - right down to the music. The suit, filed in U.S. District Court in Baltimore this week, alleges that Skechers' sports circuit training commercial "slavishly copies" Under Armour's "highly promoted, successful, and recognized" ads. Under Armour asked the court to halt the Skechers commercials and order its competitor to pay unspecified damages, plus profits Skechers received from the ad. Under Armour has not shied away from litigation to defend its brand and advertising. It sued Nike over its use of "I will" as a slogan in advertising. In the new suit, Under Armour says the Skechers commercial "consists of similarly lit, close-up images shown in rapid succession, of athletes in cavernous warehouses and gymnasiums (amid gritty surroundings consisting of cracked concrete and worn and/or peeling paint) taking on rigorous physical workouts, such as climbing a pegboard, whipping heavy ropes, boxing, and jumping hurdles".

Skechers USA Inc. Announces Unaudited Consolidated Financial Results for the Fourth Quarter and Fiscal Year Ended December 31, 2014; Provides Earnings Guidance for the First Quarter and Full Year 2015; Announces Expansion Plans of New Stores

Skechers USA Inc. announced unaudited consolidated financial results for the fourth quarter and fiscal year ended December 31, 2014. Net sales for the fourth quarter of 2014 were $569.7 million compared to $450.7 million in the fourth quarter of 2013. Earnings from operations in the fourth quarter of 2014 were $33.0 million compared to earnings from operations of $17.1 million in the fourth quarter of 2013. Net earnings for the fourth quarter of 2014 were $21.9 million compared to net earnings of $14.2 million in the fourth quarter of 2013. Net earnings per diluted share in the fourth quarter of 2014 were $0.43 based on 51.4 million weighted average shares outstanding compared to $0.28 based on 50.7 million weighted average shares outstanding in the fourth quarter of 2013. During the fourth quarter of 2014, the company's net earnings were negatively impacted by approximately $7.0 million, or $0.14 per diluted share of which $4.7 million, or $0.09 per diluted share was the result of negative foreign currency translations and transactions and $2.3 million, or $0.05 per diluted share, was the result of foreign and domestic bad debt write-offs. Earnings before income tax expense were $28,688,000 compared to $16,477,000 a year ago. Capital expenditures for the fourth quarter were approximately $15.5 million, of which $8.3 million was related 70 new stores and several store remodels, and $3.7 million was related to continuing phases of the automation upgrades of European Distribution Center and a $4 million for additional equipment upgrades at domestic distribution center. Fiscal year 2014, the company's net sales were $2.378 billion compared to net sales of $1.846 billion in 2013. Earnings from operations for 2014 were $209.1 million compared to $93.6 million in 2013. Net earnings for 2014 were $138.8 million compared to $54.8 million in 2013. Net earnings per diluted share for fiscal year 2014 were $2.72 based on 51.0 million weighted average shares outstanding compared to $1.08 based on 50.6 million weighted average shares outstanding in the prior year. Earnings before income tax expense were $191,379,000 compared to $82,215,000 a year ago. As the company continues to innovate product lines and build infrastructure, coupled with retail growth trajectory and accelerating backlogs, the company believes that it will achieve a new quarterly sales record of $690 million to $710 million in the first quarter of 2015, and earnings per share of $0.95 to $1.05. The company expects improved international sales and profitability to continue to have a positive impact on its 2015 effective tax rate, which is forecasted to be between 20% and 25%. The company expected capital expenditures for 2015 to be approximately $60 million to $70 million, which includes 50 to 60 retail store openings, equipment upgrade at European and domestic distribution centers and an additional real estate purchase. The company has opened 3 stores in the first quarter to date, and has another 6 to 10 plants through the remainder of the quarter. With another 40 to 45 company-owned stores expected to open for the full year, the company should reach the 500 company-owned store milestone by year end.

Skechers USA Inc. to Report Q4, 2014 Results on Feb 11, 2015

Skechers USA Inc. announced that they will report Q4, 2014 results at 4:30 PM, US Eastern Standard Time on Feb 11, 2015

 

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Industry Analysis

SKX

Industry Average

Valuation SKX Industry Range
Price/Earnings 25.0x
Price/Sales 1.4x
Price/Book 3.2x
Price/Cash Flow 25.5x
TEV/Sales 1.2x
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