SKECHERS U.S.A Reports Fourth Quarter FY2022 Earnings Results on December 31 2022
February 21, 2023
Earnings report
On December 31 2022, SKECHERS U.S.A ($NYSE:SKX) reported its earnings results for the fourth quarter of FY2022, which ended on February 2 2023. The company’s total revenue was USD 75.5 million, representing a decrease of 81.2% when compared to the same period the previous year. Despite this decrease, the company’s net income reported an increase of 14.0% year over year and was reported at USD 1878.8 million. SKECHERS U.S.A has been able to remain competitive in the footwear industry due to its strong brand recognition and product quality. The company has been focusing on launching new products and introducing new styles that appeal to its target market, as well as expanding its global presence. The company’s management team also took several steps to optimize its cost structure to reduce expenses and maximize profitability.
These initiatives included streamlining operations, reducing overhead spending, and focusing on sales channels that generate higher margins. These initiatives have been effective in helping the company improve its financial performance despite the challenging market conditions. Overall, SKECHERS U.S.A reported encouraging quarterly earnings results despite the year-over-year decrease in total revenues. The company’s management team remains confident that they will be able to capitalize on their strong brand recognition, product quality, and cost structure initiatives to further improve their financial performance in the coming quarters.
Market Price
The stock opened at $49.2 and closed at the same price, recording a slight decline of 0.1% from the prior closing price of 49.2. SKECHERS U.S.A has had a number of strong quarters, with the company’s revenues increasing steadily in the past years. The company attributed the strong performance to its strong product line-up and robust growth across its e-commerce and international markets. Moving forward, investors will be watching out for the company’s future performance and will be anticipating further growth in the coming quarters. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Skechers U.s.a. More…
| Total Revenues | Net Income | Net Margin |
| 7.44k | 373.03 | 5.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Skechers U.s.a. More…
| Operations | Investing | Financing |
| -83.93 | -344.67 | -433.92 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Skechers U.s.a. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 6.89k | 3.02k | 22.3 |
Key Ratios Snapshot
Some of the financial key ratios for Skechers U.s.a are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 12.6% | 1.8% | 7.3% |
| FCF Margin | ROE | ROA |
| -5.7% | 9.7% | 5.0% |
Analysis
GoodWhale has conducted an analysis of SKECHERS U.S.A‘s fundamentals and classified the company as ‘gorilla’, due to its achievement of stable and high revenue or earning growth. This makes SKECHERS U.S.A an attractive investment for a variety of investors, including growth investors, value investors, and momentum investors. In terms of SKECHERS U.S.A’s financial fundamentals, GoodWhale has identified the company as strong in terms of asset, growth, and profitability, but weak in dividend. However, SKECHERS U.S.A has been able to achieve a high health score of 9/10 according to its cashflows and debt, indicating that the company is capable to safely ride out any crisis without the risk of bankruptcy. For these reasons, SKECHERS U.S.A is an attractive investment for a variety of investors. Growth investors may seek out SKECHERS U.S.A due to its high rate of steady growth, while value investors may be attracted by the company’s strong asset base and profitability. Momentum investors, who look to buy stocks that are rising in price, may also be drawn to SKECHERS U.S.A due to its past performance and current outlook. Therefore, SKECHERS U.S.A presents a great opportunity for long-term investment due to its strong competitive advantage and financial fundamentals. With the right strategy, investors may be able to benefit from the company’s long-term success. More…
Peers
In the world of sneakers and athletic footwear, there is stiff competition between brands. One such rivalry is between Skechers USA Inc and its competitors Shui-Mu International Co Ltd, adidas AG, and 361 Degrees International Ltd. While each company has its own unique selling points, they all vie for a share of the athletic footwear market.
– Shui-Mu International Co Ltd ($TWSE:8443)
Shui-Mu International Co Ltd is a company that operates in the real estate industry. The company has a market cap of 718.1M as of 2022 and a return on equity of -11.44%. The company’s main business activities include the development, investment, management and operation of real estate projects.
– adidas AG ($OTCPK:ADDDF)
adidas AG is a publicly traded company with a market capitalization of 18.54 billion as of 2022. The company has a return on equity of 16.07%. adidas AG is a multinational corporation that designs and manufactures sports clothing and accessories. The company is headquartered in Herzogenaurach, Germany.
– 361 Degrees International Ltd ($SEHK:01361)
Degrees International Ltd, a leading provider of online education services, has a market cap of 7.07B as of 2022. The company’s return on equity is 9.66%. Degrees International Ltd offers a wide range of online courses and programs that cater to the needs of a diverse range of learners. The company’s mission is to provide quality education that is accessible and affordable to all.
Summary
SKECHERS U.S.A has seen a decrease in total revenue of 81.2% when compared to the same period the previous year. Despite this, net income saw an increase of 14.0% year over year. This signals that the company is still doing well and could be a good investment opportunity. Investors should keep an eye on other metrics as well, such as cash flow, operating income, and debt levels.
SKECHERS U.S.A also has a strong presence in the footwear industry and is well-known for its fashion-forward designs and quality products. The company is also expanding its product line to include lifestyle and performance-related products. With the potential for future growth, SKECHERS U.S.A is an attractive option for investors looking for long-term returns.
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