SKX Earnings

Looks like a monster beat:

EPS: $1.55 ($1.01 estimated)
Revenue: $800.5 M ($737 M estimated)

SKECHERS Announces Record Second Quarter 2015 Financial Results


SKECHERS USA, Inc. (SKX), a global leader in footwear, today announced financial results for the second quarter ended June 30, 2015.

Second quarter 2015 net sales were $800.5 million compared to $587.1 million for the second quarter of 2014. Gross profit for the second quarter of 2015 was $374.6 million, or 46.8 percent of net sales, compared to $269.4 million, or 45.9 percent of net sales, for the second quarter of last year. Earnings from operations for the second quarter of 2015 were $112.3 million, or 14.0 percent of net sales, compared to net earnings from operations of $53.8 million, or 9.2 percent of net sales for the second quarter of 2014.…


Guess Steve Madden didn’t do such massive damage after all :wink: Thanks to everyone who talked me back into reestablishing my position after that.



14% AH. Added some more before the earnings. SKX was my first holding from Saul’s studies. Thank you again!

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Here’s a key metric:

Same store sales up 12.9% YoY - indicates tremendous positive momentum for the products.…


I’ve never had to trim a position because it had gotten too large before. I’ve never had to seriously contemplate it. What fun. Thanks everyone and Saul in particular.

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I would like to thank Saul and everyone on this board for bringing SKX to my attention. Thanks to the research that you shared, I initiated a position back in the beginning of April that has gone up like a rocket!


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