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Skechers Set to Report Q2 2018 Results This Week

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Jul. 18 2018, Updated 8:37 a.m. ET

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.

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About Skechers

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.

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