Skechers USA (SKX) Tops Q4 EPS by 1c, offers guidance

Skechers USA (NYSE: SKX) reported Q4 EPS of $0.56, $0.01 better than the analyst estimate of $0.55. Revenue for the quarter came in at $1.96 billion versus the consensus estimate of $2.04 billion.

GUIDANCE:

Skechers USA sees FY 2024 EPS of $3.65-$3.85, versus the consensus of $4.18. Skechers USA sees FY 2024 revenue of $8.6-8.8 billion, versus the consensus of $8.94 billion.

The Company believes that for the first quarter of 2024, it will achieve sales between $2.175 and $2.225 billion and diluted earnings per share of between $1.05 and $1.10. Further, the Company believes that total capital expenditures will be between $350 and $400 million in 2024, inclusive of construction of the Company\'s second distribution center in China.

For earnings history and earnings-related data on Skechers USA (SKX) click here.

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