Latest news with #JohnVandemore
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
Yahoo
08-02-2025
- Business
- Yahoo
Here's Why Skechers USA Inc. (SKX) Crashed on Friday
We recently compiled a list of the . In this article, we are going to take a look at where Skechers USA Inc. (NYSE:SKX) stands against the other stocks. Ten companies were hit hard on Friday as investors digested disappointing earnings performance and dismal outlook guidance for 2025. The shares' performance traded in line with Wall Street's major indices, with the Dow Jones losing 0.99 percent, the S&P 500 falling 0.95 percent, and the tech-heavy Nasdaq diving 1.36 percent. To come up with Friday's worst performers, we considered only the stocks with at least $2 billion in market capitalization and $5 million in daily trading volume. A sportsperson running with style and grace, embodying the company's performance footwear. Footwear giant Skechers USA Inc. fell by 12.68 percent on Friday to finish at $66.03 apiece as investor sentiment was weighed down by potential headwinds and uncertainties from the growing trade tensions between the US and China. According to reports citing SKX Chief Finance Officer John Vandemore, President Donald Trump's move to impose tariffs on China has impacted SKX's visibility and will likely lead to a reallocation of certain production, vendor concessions, and pricing. 'While we have not yet fully factored their potential impact and our response into the following guidance, it will likely comprise a combination of actions, including the reallocation of certain production, vendor concessions, and pricing,' he said. The drop in its valuation demonstrated investor pessimism as traders snubbed reports of SKX's impressive performance last year. Last quarter, SKX said attributable net income rose by 13.9 percent to $99.3 million from the $87.2 million reported in the same period a year earlier, pushing attributable net profit for the full year 2024 higher by 17 percent to $639.5 million from $545.8 million. Overall SKX ranks 5th on our list of Friday's worst performers. While we acknowledge the potential of SKX as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than SKX but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
