Benzinga | Jul 23, 2020 04:26PM EDT

Skechers USA: Q2 Earnings Insights

Shares of Skechers USA (NYSE:SKX) rose 2.94% in after-market trading after the company reported Q2 results. Quarterly Results Earnings per share fell 189.80% over the past year to ($0.44), which beat the estimate of

Shares of Skechers USA (NYSE:SKX) rose 11.1% in after-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share fell 189.80% over the past year to ($0.44), which beat the estimate of ($0.50).

Revenue of $729,472,000 decreased by 42.06% year over year, which beat the estimate of $684,920,000.

Looking Ahead

Skechers USA hasn't issued any earnings guidance for the time being.

Revenue guidance hasn't been issued by the company for now.

Details Of The Call

Date: Jul 23, 2020

Time: 04:30 PM

ET Webcast URL: https://investors.skechers.com/events-presentations/events

Price Action

Company's 52-week high was at $44.50

Company's 52-week low was at $17.06

Price action over last quarter: Up 33.63%

Company Description

Skechers USA Inc is a lifestyle footwear company under the Skechers GO brand name. Products offered include various styles of women's shoes, men's shoes, girls' shoes, boys' shoes, performance shoes, and work shoes. Allied products offered are apparel, bags, eyewear, toys, and more. Its products are available for sale at department and specialty stores, athletic and independent retailers, boutiques and internet retailers. Geographic areas in which its products are sold include the United States, Canada, Other International that comprise of Asia, Central America, Europe, North America, and South America. Income is derived from the sale of footwear and royalties earned from licensing the Skechers brand.