3 Things Skechers Management Wants You to Know
Walking shoe company, Skechers (NYSE: SKX), announced its third record revenue quarter in a row. Investors are wondering if the company is back to consistent growth as there was a lot to like in the results this quarter. On the earnings call, management provided detailed insights into the company's surprisingly positive results for the domestic retail business, China's continued amazing growth story, and the fact its inventory is positioned for continued growth in the coming year. First, let's take a look at the encouraging results for U.S retail.
Skechers saw solidly positive growth in both the domestic wholesale and the company-owned retail segments. The domestic wholesale business had an increase in pairs sold of 11.4% resulting in 6.4% revenue increase. Domestic company-owned stores saw 14.5% revenue increase, on positive same store sales of 7.1%.
For the second half, the company is admittedly conservative in projecting flat year-over-year sales and is cautiously optimistic about the back-to-school selling season with the positive results in the July sales numbers. While management recognizes that the domestic retail market is still uncertain, David Weinberg, chief financial officer, and chief operating officer explained that the company's products provide it an advantage.
Source: Fool.com
Skechers U.s.a. Inc. Aktie
Die Skechers U.s.a. Inc. Aktie in der Gunst der Community: Nur Buy-Einschätzungen, keine Sell-Einschätzungen.
Für Skechers U.s.a. Inc. sieht die Community ein leicht positives Kursziel von 69 €, verglichen mit dem aktuellen Kurs von 61.34 €.
