Skechers Beat 4Q17 Expectations for Top and Bottom Lines
California-based Skechers (SKX) reported results for the fourth quarter of fiscal 2017 (or 4Q17) after the market closed on Thursday, February 8, 2017. The results relate to the three-month period ended December 31, 2017.
The company posted a 27% YoY (year-over-year) increase in revenues to $971 million, beating the consensus by $89 million. EPS (earnings per share) was $0.21, topping expectations by $0.08. Read Parts 2, 3, and 4 of this series to know more about its top- and bottom-line performances during the quarter.
Interested in SKX? Don't miss the next report.
Receive e-mail alerts for new research on SKX
Better-than-expected results drove the company’s stock higher by 7.5% on the next trading day. Skechers is now sitting at a year-to-date profit of ~6%. Read Part 5 of this series for the company’s recent stock market performance and analysts’ actions.
Founded in 1992, Skechers is an American footwear company that designs and markets around 3,000 footwear styles for men, women, and children. It operates in more than 160 countries through 2,570 retail stores and websites.
The company has had total sales of $4.2 billion over the last 12 months. It has a market capitalization of $6.3 billion as of February 12, 2018. In comparison, industry leader Nike (NKE) recorded trailing 12-month sales of $34.7 billion and has a market capitalization of $108 billion.
ETF investors seeking to add exposure to SKX can consider the First Trust Consumer Discretionary AlphaDEX ETF (FXD), which invests 1.6% of its portfolio in SKX.