SKECHERS U.S.A Reports Second Quarter Fiscal Year 2023 Earnings Results
August 10, 2023
🌥️Earnings Overview
SKECHERS U.S.A ($NYSE:SKX). announced their earnings results for the second quarter of fiscal year 2023, ending on June 30th 2023. The company achieved total revenue of USD 2012.5 million, which was a 7.7% increase from the same quarter of the previous year. Net income was USD 152.8 million, showcasing a 69.0% increase year-over-year.
Stock Price
The stock opened at $52.4 and closed at $51.1, down by 3.2% from its prior closing price of 52.8. SKECHERS continues to make strategic investments in e-commerce capabilities and digital marketing to drive future growth. The company also plans to focus on maintaining a healthy inventory balance and driving traffic to its stores and website through product innovation and marketing initiatives. Despite this, the company is making strategic investments to drive future growth and remain competitive in the global market. 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 |
| 7.77k | 474.6 | 6.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Skechers U.s.a. More…
| Operations | Investing | Financing |
| 608.21 | -287.49 | -118.06 |
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 |
| 7.11k | 2.92k | 24.81 |
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 |
| 18.6% | 42.9% | 8.5% |
| FCF Margin | ROE | ROA |
| 3.4% | 10.9% | 5.8% |
Analysis
We here at GoodWhale have conducted an analysis of SKECHERS U.S.A‘s fundamentals. After our assessment, we have come to the conclusion that SKECHERS U.S.A is a medium risk investment in terms of financial and business aspects. To back up this assessment, we have detected 1 risk warning in the balance sheet of SKECHERS U.S.A. If you would like to learn more about this risk warning and other details of the analysis, please become a registered user of our website. We hope you find the information we provide useful in your investment decisions. 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 reported strong earnings results for the second quarter of fiscal year 2023, achieving total revenue of USD 2012.5 million, a 7.7% year-over-year increase, and net income of USD 152.8 million, a 69.0% year-over-year increase. Despite this strong performance, investors were not fully convinced and the stock price moved down the same day. This could be attributed to the outlook of the company’s future or macroeconomic factors. Investors should analyze the company’s fundamentals and future outlook before making any investing decisions, as SKECHERS is now at a critical crossroads in terms of investor confidence.
Related Posts
Recent Posts
