Ticker delayed 20 minutes
Avg Daily Volume: 2,475,866 Market Cap: 3.4B
Sector: Consumer Goods Short Interest: 4.27
EARNINGS EXPECTATIONS:
THIS QTR: EPS: .39/share REV: 1,220/M
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LAST QTR: EPS: .39/share ACTUAL: .39/share (MISS)
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NEXT QTR: EPS: -.28/share REV: 936.98/M
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FULL YR: EPS: 1.05/share REV: 4,860/M
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*These are the base metrics we will be watching against the actual release numbers
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BEAT/MISS RECORD: 59% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) 17.19, -5.73, 16.24
EXPECTED JUMP MOVE: 15%
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*** With market volatility at extremes during the coronavirus pandemic there is greater risk in trading these events which may not react as they would under normal market conditions. Please take extra caution before trading.
Links To Latest News and Headlines
Strong Performance Driven by Global Demand and Strategic Marketing
International sales represented 65 percent of total sales, the company noted.
Footwear company Skechers (NYSE:SKX) announced better-than-expected results in Q1 CY2024, with revenue up 12.5% year on year to $2.25 billion. The company expects next quarter’s revenue to be around $2.2 billion, in line with analysts’ estimates. It made a GAAP profit of $1.33 per share, improving from its profit of $1.02 per share in the same quarter last year.
LOS ANGELES, April 25, 2024–Skechers U.S.A., Inc. (“Skechers” or the “Company”) (NYSE:SKX), The Comfort Technology Company™ and a global footwear leader, today announced financial results for the first quarter ended March 31, 2024.
Suppliers stepping up efforts to reach shoppers are having to mount costly new supply chains built to the task.
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