==Skechers USA (SKX) reported earnings on Tue 25 Oct 22 (a/h)

 

Skechers Issues Statement on Kanye West Unauthorized Visit

Skechers USA, Inc. (NYSE:SKX), The Comfort Technology Company, stated Kanye West -- also referred to as Ye -- arrived unannounced and without invitation at one of Skechers' corporate offices in Los Angeles. Considering Ye was engaged in unauthorized filming, two Skechers executives escorted him and his party from the building after a brief conversation. Skechers is not considering and has no intention of working with West. We condemn his recent divisive remarks and do not tolerate antisemitism or any other form of hate speech. The Company would like to again stress that West showed up unannounced and uninvited to Skechers corporate offices.

Skechers USA misses by $0.17, beats on revs; guides Q4 revs below consensus 

Reports Q3 (Sep) earnings of $0.55 per share, $0.17 worse than the S&P Capital IQ Consensus of $0.72; revenues rose 21.1% year/year to $1.88 bln vs the $1.81 bln S&P Capital IQ Consensus. Wholesale sales grew 26.2%. Direct-to-Consumer sales grew 11.9%. Gross margin of 47.1% compared to 49.9% in year-ago quarter. Co issues downside guidance for Q4, sees Q4 revs of $1.725-$1.775 bln vs. $1.81 bln S&P Capital IQ Consensus.