Skechers’s Q2 2018 earnings preview
Skechers (SKX) is slated to release its Q2 2018 results after the market closes on July 19. Wall Street expects Skechers’s EPS to rise 8% YoY (year-over-year) to $0.41, and its sales to rise 10.1% YoY to $1.130 billion. While the company has not missed top-line forecasts for the last six quarters, it has missed bottom-line expectations in two of these six quarters. In the second and third parts of this four-part series, we’ll look at the company’s recent financial performance and expectations for the second quarter.
Founded in 1992, Skechers is an American footwear company. The company designs and markets around 3,000 styles in more than 170 countries. The company operates through 2,250 company-owned and third-party retail stores, in addition to selling at department stores, specialty stores, and websites.
In the last year, Skechers has seen $4.3 billion in sales, and its market capitalization is $5 billion. In comparison, industry leader Nike (NKE) has recorded sales of $36.3 billion in the last year and has a market capitalization of $125 billion.
After placing among the strongest apparel stocks in 2017, Skechers has fallen ~18% so far this year, mainly due to its disappointing first-quarter results. Read the final part of this series to know more. Investors seeking exposure to SKX could consider the Guggenheim S&P MidCap 400 Pure Growth ETF (RFG), which invests 1.3% of its portfolio in the company.