Skechers USA (SKX) stock plunges on soft 2024 outlook

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Go back to Skechers USA (SKX) stock plunges on soft 2024 outlook

Skechers USA (SKX) shares drop as FY24 guidance disappoints

February 2, 2024 7:30 AM EST

Skechers USA (NYSE: SKX) shares tumbled more than 10% Friday after the company's latest quarterly earnings report missed revenue and guidance expectations.

The footwear company reported fourth-quarter earnings of $0.56 per share after the close on Thursday, $0.01 better than the analyst estimate of $0.55 per share, while revenue for the quarter came in at $1.96 billion, below the... More

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

February 1, 2024 4:09 PM EST

(Updated - February 1, 2024 4:45 PM EST)

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... More