Published on 9 Apr 2024 on Zacks via Yahoo Finance
Skechers U.S.A., Inc. SKX leverages a varied product mix that spans fashion, athletic, casual and work footwear, anchoring its robust market presence and appeal across diverse consumer segments. Its commitment to delivering comfort-oriented footwear resonates with prevailing consumer preferences.The company's strategies, which include a multi-brand approach, the expansion of its global retail footprint, embracing digital initiatives and enhancing direct-to-consumer (DTC) channels, along with adept financial stewardship, set a solid foundation for ongoing expansion and securing a leading position in the ever-evolving global footwear market.This Zacks Rank #3 (Hold) stock has outpaced the Zacks Shoes and Retail Apparel industry over the past year. In the said period, shares of the company have gained 23.7% against the industry’s decline of 26.1%.An uptrend in the Zacks Consensus Estimate echoes the same sentiment. The Zacks Consensus Estimate for earnings per share for the current and next fiscal years has increased 1 penny and 2 cents to $3.82 and $4.38, respectively, over the past 30 days. The Zacks Consensus Estimate for sales for the current and next fiscal years is pegged at $8.75 billion and $9.56 billion, respectively, suggesting 9.3% year-over-year growth each.
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