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Skechers U.S.A. Inc. (SKX) is a global footwear producer based in the US. Founded in 1992 and headquartered in Manhattan Beach, California, the company designs, develops and manufactures over 3,000 styles of footwear for men, women and children. Skechers footwear is distributed in more than 160 countries via over 1,710 company retail and online stores (skechers.com). In addition to footwear, which is marketed in the lifestyle and performance categories, the company delivers branded apparel, eyewear, bags, toys, etc. Skechers shares are traded on the New York Stock Exchange (NYSE).
The last of the Magnificent Seven have reported, delivering mixed results. Meanwhile, according to FactSet, the S&P 500 is set for negative earnings growth for Q4, with estimates for the next quarter also downgraded.
14:43, 2 February 2024
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