Skechers U.S.A., Inc. (SKX) News
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Latest SKX News From Around the Web
Below are the latest news stories about Skechers Usa Inc that investors may wish to consider to help them evaluate SKX as an investment opportunity.
Shares of Skechers (NYSE: SKX), Foot Locker (NYSE: FL), and The TJX Companies (NYSE: TJX) jumped 8% or more Monday as a wave of optimism pushed markets higher thanks to comments from Federal Reserve Chairman Jerome Powell and a positive vaccine development. One source of investor optimism was provided by biotech Moderna, which announced that its vaccine mRNA-1273 was found to be safe and well tolerated in an early-stage study and that it produced antibodies in patients that could "neutralize" the coronavirus. A second source of optimism was provided by Powell, who said the Fed had plenty of ammunition left if needed, adding, "There's a lot more we can do."
Steven Madden shares moved sharply lower Thursday after Wells Fargo downgraded the stock to Underweight with an $18 price target.
SKECHERS USA, Inc. (NYSE:SKX), a global footwear leader, today announced that John Vandemore, Chief Financial Officer, will participate in a virtual fireside chat hosted by Kimberly Greenberger of Morgan Stanley, on Thursday, May 14, 2020 at 1:00 PM ET.
DripReport Song "Skechers" Becomes Global Phenomenon With Over 1 Billion Streams on TikTok
Q1 2020 Skechers USA Inc Earnings Call
Skechers (SKX) looks forward to reopening stores globally. Also, the company continues to invest in its e-commerce platform.
MANHATTAN BEACH, Calif.--(BUSINESS WIRE)--SKECHERS USA, Inc. (NYSE:SKX), a global footwear leader, today announced financial results for the first quarter ended March 31, 2020. First Quarter Results Sales of $1.24 billion, a 2.7 percent decrease Constant currency sales were $1.26 billion, a 1.2 percent decrease Domestic wholesale sales increased 9.0 percent International wholly-owned subsidiary sales increased 9.4 percent Diluted earnings per share were $0.32, a decrease of 54.9 percent Adjuste
Final earnings conference call transcript of Skechers USA Inc - SKX stock
SKECHERS USA, Inc. (NYSE:SKX) reported first quarter 2020 earnings results today. Sales dropped 2.7% year-over-year to $1.24 billion. Net income fell 55% to $49.1 million, or $0.32 per share, compared to last year. Comparable sales decreased 8.1%.
MANHATTAN BEACH, Calif.--(BUSINESS WIRE)--SKECHERS USA, Inc. (NYSE: SKX), a global leader in lifestyle and performance footwear, today announced that it will release its first quarter 2020 financial results after market close on Thursday, April 23, 2020. A conference call will be held the same day at 4:30 p.m. ET / 1:30 p.m. PT. Participating on the call will be David Weinberg, Chief Operating Officer, and John Vandemore, Chief Financial Officer. The call can be accessed on the Investor Relatio