Latest news with #JohnVandemore
Yahoo
23-06-2025
- Business
- Yahoo
Skechers's Q1 Earnings Call: Our Top 5 Analyst Questions
Skechers' first quarter results were met with a negative market reaction, following a modest revenue shortfall versus Wall Street expectations despite year-on-year sales growth. Management attributed this outcome to robust demand for its comfort-focused footwear in most regions, but highlighted persistent challenges in China due to macroeconomic pressures. Chief Operating Officer David Weinberg noted that, excluding China, Asia Pacific sales grew 12%, and emphasized strong direct-to-consumer performance in the U.S. and Europe. Chief Financial Officer John Vandemore added that higher promotional activity in select markets, along with elevated distribution and labor costs, weighed on operating margins. Is now the time to buy SKX? Find out in our full research report (it's free). Revenue: $2.41 billion vs analyst estimates of $2.43 billion (7.1% year-on-year growth, 0.9% miss) Operating Margin: 11%, down from 13.3% in the same quarter last year Locations: 5,318 at quarter end, up from 5,203 in the same quarter last year Constant Currency Revenue rose 8.9% year on year (13.2% in the same quarter last year) Market Capitalization: $9.35 billion While we enjoy listening to the management's commentary, our favorite part of earnings calls are the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. Jay Sole (UBS) asked about the company's ability to reduce U.S. exposure to China-sourced production amid higher tariffs. CFO John Vandemore reiterated ongoing use of sourcing flexibility and vendor partnerships but declined to give specific percentages or timelines. Laurent Vasilescu (BNP Paribas) pressed for clarity on market volatility and which regions are most affected. Vandemore highlighted the U.S. and China as areas of greatest uncertainty, while noting continued strength in Europe and Asia Pacific outside China. Peter McGoldrick (Stifel) inquired about the company's willingness to raise prices and whether this could be applied outside the U.S. Vandemore explained that price increases are a last resort and would be communicated carefully to consumers, tailored by region. Adrienne Yih-Tennant (Barclays) questioned the feasibility and speed of shifting sourcing away from China, especially for kids' footwear. Vandemore said all options are being considered, with kids' products presenting unique challenges due to manufacturing specialization. John Keeman (TD Cowen) sought details on direct-to-consumer growth targets and the pace of new store openings. Management emphasized international store expansion based on localized profitability analyses, with ongoing evaluation of the macroeconomic environment. In upcoming quarters, the StockStory team will watch (1) the pace and effectiveness of Skechers' tariff mitigation efforts and pricing strategies in the U.S., (2) whether international markets can sustain double-digit growth despite global economic uncertainty, and (3) signs of stabilization or recovery in China. Progress on direct-to-consumer expansion and the impact of new product launches will also be important indicators of execution. Skechers currently trades at $62.32, up from $50.44 just before the earnings. In the wake of this quarter, is it a buy or sell? See for yourself in our full research report (it's free). Donald Trump's victory in the 2024 U.S. Presidential Election sent major indices to all-time highs, but stocks have retraced as investors debate the health of the economy and the potential impact of tariffs. While this leaves much uncertainty around 2025, a few companies are poised for long-term gains regardless of the political or macroeconomic climate, like our Top 6 Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Tecnoglass (+1,754% five-year return). Find your next big winner with StockStory today.
Associated Press
29-04-2025
- Business
- Associated Press
Skechers to Present at the Barclays Americas Select Franchise Conference on May 6th
LOS ANGELES--(BUSINESS WIRE)--Apr 29, 2025-- Skechers USA, Inc. ('Skechers' or the 'Company') (NYSE: SKX), The Comfort Technology Company™ and a global footwear leader, today announced that John Vandemore, Chief Financial Officer, will participate in a fireside chat at the Barclays Americas Select Franchise Conference in London on Tuesday, May 6, 2025, at 6:15 a.m. PT / 9:15 a.m. ET. The audio portion of the fireside chat will be available live and on replay for 90 days on the Company's website at About Skechers USA, Inc. Skechers, The Comfort Technology Company® based in Southern California, designs, develops and markets a diverse range of lifestyle and performance footwear, apparel and accessories for men, women and children. The Company's collections are available in approximately 180 countries and territories through department and specialty stores, and direct to consumers through and more than 5,300 Skechers retail stores. A Fortune 500® company, Skechers manages its international business through a network of wholly-owned subsidiaries, joint venture partners, and distributors. For more information, please visit and follow us on Facebook, Instagram and TikTok. View source version on CONTACT: Investor Relations Sonia Reback Eunice Han [email protected] Jennifer Clay [email protected] KEYWORD: EUROPE UNITED STATES UNITED KINGDOM NORTH AMERICA CALIFORNIA INDUSTRY KEYWORD: RETAIL FOOTWEAR FASHION SOURCE: Skechers USA, Inc. Copyright Business Wire 2025. PUB: 04/29/2025 09:00 AM/DISC: 04/29/2025 09:02 AM
Fibre2Fashion
25-04-2025
- Business
- Fibre2Fashion
US' Skechers reports 7.1% Q1 sales growth, $202.4 mn net earnings
American brand Skechers first quarter (Q1) sales have increased by 7.1 per cent year-over-year (YoY) due to an increase of 7.2 per cent YoY internationally and a 6.9 per cent domestically. The gross margin was 52.0 per cent, a decrease of 50 basis points (bps), due to lower average selling prices. The operating expenses of the company increased $106.4 million, or 12.1 per cent YoY, and as a percentage of sales increased 180 bps to 41.0 per cent. Selling expenses increased $28.6 million or 18.3 per cent, and as a percentage of sales increased 70 bps to 7.7 per cent, primarily due to higher global demand creation expenditures. American footwear and apparel brand Skechers' Q1 2025 sales rose 7.1 per cent YoY, driven by 7.2 per cent international and 6.9 per cent domestic growth. Wholesale sales grew 7.8 per cent, and DTC sales increased 6.0 per cent. Net earnings were $202.4 million, with EPS at $1.34. The brand expanded to 5,318 stores globally, reflecting strong demand across key regions despite market challenges. General and administrative expenses of the company increased $77.8 million or 10.7 per cent, and as a percentage of sales increased 110 bps to 33.3 per cent, primarily driven by labour and facility costs, including rent and depreciation, Skechers said in a press release. The company's wholesale sales grew $110.5 million, or an increase of 7.8 per cent including increases in Europe, the Middle East, and Africa (EMEA) of 13.0 per cent and Americas of 7.3 per cent, partially offset by a decrease in Asia Pacific (APAC) region of 0.6 per cent. The wholesale volume increased 9.1 per cent and average selling price declined 1.3 per cent. The direct-to-consumer (DTC) sales grew $49.5 million, or an increase of 6.0 per cent including increases in Americas of 9.8 per cent and EMEA of 21.7 per cent, partially offset by a decrease in APAC of 4.4 per cent. DTC volume increased 6.3 per cent and average selling price declined 0.3 per cent. The net earnings attributable to Skechers were $202.4 million and diluted earnings per share (EPS) were $1.34, compared with prior year net earnings of $206.6 million and diluted earnings per share of $1.33. The current quarter included a favourable impact due to foreign currency exchange rates of $0.17 per share, added the release. As of March 31, 2025, Skechers operated a total of 5,318 stores globally, reflecting a net increase of 22 stores during the quarter. The company opened 101 new outlets while closing 79. The domestic store count rose from 610 to 618 with 13 openings and 5 closures. International stores increased from 1,177 to 1,203, while distributor, licensee, and franchise stores declined slightly to 3,497 after 50 openings and 62 closures. 'Our first quarter results reflect the continued strength of our business across the globe, a testament to our brand, the appeal of our innovative comfort technologies and distinctive value offering across our product portfolio,' said John Vandemore, chief financial officer (CFO) at Skechers. 'We remain confident in our ability to navigate the current market challenges, and know that our proven track record of managing this globally diverse brand with a unique and compelling product portfolio focused on delivering style, comfort, quality and innovation at a reasonable price will enable Skechers to endure and likely thrive during this time.' Fibre2Fashion News Desk (SG)
Yahoo
27-03-2025
- Business
- Yahoo
Skechers to Report First Quarter 2025 Financial Results on Thursday, April 24th
LOS ANGELES, March 27, 2025--(BUSINESS WIRE)--Skechers USA, Inc. (NYSE: SKX), a global footwear leader, today announced that the Company will release its first quarter 2025 financial results after market close on Thursday, April 24, 2025. Following the press release, David Weinberg, Chief Operating Officer, and John Vandemore, Chief Financial Officer, will review the results during a conference call at approximately 4:30 p.m. ET / 1:30 p.m. PT. The conference call will be broadcast live over the Internet and accessible on the Investor Relations section of the Company's website at For those unable to listen to the live broadcast, a replay will be available at the same location and archived on the site for one year. About Skechers USA, Inc. Skechers, The Comfort Technology Company® based in Southern California, designs, develops and markets a diverse range of lifestyle and performance footwear, apparel and accessories for men, women and children. The Company's collections are available in approximately 180 countries and territories through third-party retailers, marketplaces, and approximately 5,300 Skechers retail stores. A Fortune 500® company, Skechers manages its international business through a network of wholly-owned subsidiaries, joint venture partners, and distributors. For more information, please visit and follow us on Facebook, Instagram and TikTok. View source version on Contacts Investor RelationsSonia RebackEunice Haninvestors@ PressJennifer Clayjennc@ Sign in to access your portfolio
Yahoo
05-03-2025
- Business
- Yahoo
Skechers to Present at the UBS Global Consumer and Retail Conference on March 12th
LOS ANGELES, March 05, 2025--(BUSINESS WIRE)--Skechers USA, Inc. ("Skechers" or the "Company") (NYSE: SKX), The Comfort Technology Company™ and a global footwear leader, today announced that John Vandemore, Chief Financial Officer, will participate in a fireside chat at the UBS Global Consumer and Retail Conference in New York City on Wednesday, March 12, 2025, at 5:00 a.m. PT / 8:00 a.m. ET. The audio portion of the fireside chat will be available live and on replay for 90 days on the Company's website at About Skechers USA, Inc. Skechers, The Comfort Technology Company® based in Southern California, designs, develops and markets a diverse range of lifestyle and performance footwear, apparel and accessories for men, women and children. The Company's collections are available in approximately 180 countries and territories through third-party retailers, marketplaces, and approximately 5,300 Skechers retail stores. A Fortune 500® company, Skechers manages its international business through a network of wholly-owned subsidiaries, joint venture partners, and distributors. For more information, please visit and follow us on Facebook, Instagram and TikTok. View source version on Contacts Investor RelationsSonia RebackEunice Haninvestors@ PressJennifer Clayjennc@ Sign in to access your portfolio
