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Skechers U.S.A., Inc.

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Skechers has outpaced the industry in the past six months. Greater emphasis on new line of products, cost containment efforts, inventory management and global distribution platform bode well for the stock. The company made a sharp come back in first-quarter 2017 delivering a positive earnings surprise, after three straight quarters of earnings miss. Net sales also beat the estimate for the second quarter in row gaining from solid performances at the international wholesale business and company-owned global retail operations. However, investors remained apprehensive about Skechers’ bottom line performance that continued to decline for the fourth successive quarter. Further, soft second quarter earnings projection also raises concern. The company expects to deliver flat to slightly positive sales increase in the domestic wholesale business and also envisions increases in its international business as well as company-owned retail stores.


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