Skechers USA Inc (N:SKX)
Business Focus: Footwear
| Sector: Consumer Cyclicals | Industry: Footwear |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 228 Manhattan Beach Blvd MANHATTAN BEACH CA 90266 |
| Tel: | N/A |
| Website: | https://www.skechers.com |
| IR: | See website |
| Key People | ||
| Robert Y. Greenberg Chairman of the Board, Chief Executive Officer | Michael Greenberg President, Director | John M. Vandemore Chief Financial Officer |
| David Weinberg Chief Operating Officer, Executive Vice President, Director | Philip G. Paccione Executive Vice President - Business Affairs, General Counsel, Corporate Secretary | Mark A. Nason Executive Vice President - Product Development |
| Business Overview |
| Skechers U.S.A., Inc. designs, develops, and markets a diverse range of footwear, apparel, and accessories. The Company offers footwear, apparel, and accessories for men, women, and kids. The Company operates through two segments: Wholesale and Direct-to-Consumer. Wholesale segment is comprised of sales to a network of partners including Skechers-branded stores operated by third-party franchisees and licensees, family shoe stores, specialty athletic and sporting goods retailers, department stores and big box club stores, and Distributors in select international markets. Direct-to-Consumer segment comprises sales by the Company directly to consumers through a combination of channels including company owned Skechers-branded stores, company owned e-commerce sites, and third-party marketplaces and digital platforms. Its lifestyle offering delivers comfort technologies such as Skechers Hands Free Slip-ins, Skechers Arch Fit, and Skechers Air-Cooled Memory Foam, among others. |
| Financial Overview |
| For the three months ended 31 March 2024, Skechers USA Inc revenues increased 12% to $2.25B. Net income increased 29% to $206.6M. Revenues reflect Direct to consumer segment increase of 17% to $829.9M, Europe & Middle East & Africa (EMEA) (Region) segment increase of 17% to $627.7M, Retail Sales - International increase of 24% to $507M. Net income benefited from Interest Expense decrease of 8% to $4.7M (expense). |
| Employees: | 9,200 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $9,575M as of Mar 31, 2024 |
| Annual revenue (TTM): | $8,250M as of Mar 31, 2024 |
| EBITDA (TTM): | $1,050M as of Mar 31, 2024 |
| Net annual income (TTM): | $591.98M as of Mar 31, 2024 |
| Free cash flow (TTM): | $648.84M as of Mar 31, 2024 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 152,516,607 as of Apr 26, 2024 |
| Index Membership: | S&P 400 Mid Cap |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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