 | Your browser does not display parts of our website correctly. We use the latest technology available to provide you with a high quality experience; please upgrade your browser to its latest version to view the contents properly: |
Skechers U.S.A., Inc. (SKX) designs, develops, markets, and distributes footwear for men, women, and children; and performance footwear for men and women under the Skechers brand worldwide. 
It operates through three segments: Domestic Wholesale, International Wholesale, and Direct-to-Consumer.
The company offers casual, casual athletic, sport athletic, trail, sandals, boots, and retro fashion footwear for men and women under the Skechers USA, Skechers Sport, Skechers Active, Modern Comfort, Skechers Street, Mark Nason, and BOBS brands; sneakers, casuals, boots, and sandals for boys and girls under the Skechers Mega-Craft, S-Lights, SKECH-AIR, Foamies, Twinkle Toes, Z-Strap, Skechers Stretch Fit, and Skechers Street brands; technical footwear under the Skechers GOrun, Skechers GOwalk, Skechers GOtrain, Skechers GOtrail, and Skechers GO Golf brands; sneakers, casuals, boots, and sandals for boys and girls; men's and women's slip-resistant and safety-toe casuals, boots, hikers, and athletic shoes; and lifestyle apparel for men, women, and kids.
As of December 31, 2020, it operated approximately 3,891 company- and third party-owned Skechers stores.
The company sells its products through department and specialty stores, athletic and independent retailers, boutiques, and online retailers; and through its e-commerce sites, concept stores, and factory and warehouse outlet stores.
On July 22nd, Skechers U.S.A. (SKX) reported 2nd Quarter June 2021 earnings of $0.88 per share on revenue of $1.7 billion. The consensus earnings estimate was $0.52 per share on revenue of $1.5 billion. The Earnings Whisper number was $0.56 per share. Revenue grew 127.3% on a year-over-year basis.
The company said it expects third quarter earnings of $0.70 to $0.75 per share on revenue of $1.60 billion to $1.65 billion.
Shares are on the cusp of breaking out of their bullish "cup and handle." Higher share prices are expected.
Entry Point: $53.00
Stop Loss: $50.50
Trading Range: $28.25 - $55.87
Taret Price: $58.30
