NYSE$SKX

Skechers USA Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Skechers experienced a slight sales decrease but showed resilience amidst the global pandemic.

Skechers announced Q4 2020 financial results with sales of $1.32 billion, a decrease of 0.5% year-over-year. Diluted earnings per share were $0.34, including a one-time tax benefit of $0.10 per share. The company's domestic wholesale sales grew by 1.2%, while China sales increased by 29.7%. Cash and cash equivalents at quarter-end totaled $1.37 billion.

  • Sales reached $1.32 billion, a minor decrease of 0.5% year-over-year.
  • Domestic Wholesale sales saw a growth of 1.2% year-over-year.
  • China sales experienced substantial growth at 29.7% year-over-year.
  • Diluted earnings per share were $0.34, including a $0.10 one-time tax benefit.

Headline financials

Total Revenue

$1.33B

Previous: $1.33B-0.5%
EPS (adj)

$0.24

Previous: $0.39-38.5%
Retail stores globally

3.9K

Previous: 3.5K+9.7%
Capital Expenditures

$96.7M

Previous: $61.4M+57.4%
Free Cash Flow

$178M

Previous: $15.8M+1022.1%
Net Income

$53.3M

Previous: $59.5M-10.5%
Operating Income

$57.7M

Previous: $94.1M-38.7%
Gross Profit

$648M

Previous: $638M+1.7%
Cash & Equivalents

$1.37B

Previous: $825M+66.2%
Total Assets

$5.81B

Previous: $4.89B+18.8%
Stock-Based Comp

$10.3M

Previous: $10.8M-5.4%

Revenue & EPS history

Skechers · Revenue · Quarterly

$1.33B

Q4 2020-0.5%vs Q4 2019
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

Skechers · $371M total across 1 segment · Q4 2020

  • Direct-to-Consumer
    $371M-6.4%

Forward guidance

The Company is not providing further financial guidance at this time given the ongoing business disruption and substantial uncertainty surrounding the impact of the COVID-19 pandemic on its business globally.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 15 quarterly earnings reports

Historical avg

+0.6%

Avg return

Earnings day

-0.6%

Avg return

5 days after

+2.2%

Avg return

30 days after

48%

30 / 63 earnings

Positive

+35.5%

Q3 2017

Best reaction

-30.8%

Q3 2015

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2025
Q2 2025-0.1%+0.1%+0.5%
Q1 2025-5.3%-4.9%+22.5%
Q4 2024-12.7%-16.8%-22.1%
Q3 2024-4.0%-0.5%-0.1%
Q2 2024+1.1%+0.4%+8.9%
Q1 2024+10.6%+11.7%+14.0%
Q4 2023-8.6%-7.6%-0.2%
Q3 2023-3.9%+0.6%+16.9%
Q2 2023+6.3%+5.2%-8.3%
Q1 2023+6.3%+5.9%+2.0%
Q4 2022-9.2%-8.5%-6.7%
Q3 2022-6.5%-3.9%+15.6%
Q2 2022-4.0%+0.2%+4.7%
Q1 2022+0.1%-2.4%-4.0%
Q4 2021+4.6%+9.0%-11.8%
Q3 2021+3.1%+1.5%+2.9%
Q2 2021+7.9%
Q1 2021+17.5%
Q4 2020+4.1%
Q3 2020-5.1%
Q2 2020-1.8%
Q1 2020+2.4%
Q4 2019+3.6%
Q3 2019-2.1%
Q2 2019+13.3%
Q1 2019-15.6%
Q4 2018+15.3%
Q3 2018+11.4%
Q2 2018-19.5%
Q1 2018-27.3%
Q4 2017+0.2%
Q3 2017+35.5%
Q2 2017-0.2%
Q1 2017-1.7%
Q4 2016+23.2%
Q3 2016-17.2%
Q2 2016-22.6%
Q1 2016+9.0%
Q4 2015+5.1%
Q3 2015-30.8%
Q2 2015+19.6%
Q1 2015+16.1%
Q4 2014+12.1%
Q3 2014-6.5%
Q2 2014+8.1%
Q1 2014+7.3%
Q4 2013+19.0%
Q3 2013-2.7%
Q2 2013+1.8%
Q1 2013-4.1%
Q4 2012+13.1%
Q3 2012+0.3%
Q2 2012+3.1%
Q1 2012-2.0%
Q4 2009-2.2%
Q2 2011-2.2%
Q4 2011-2.2%
Q3 2011-6.1%
Q3 2010-6.1%
Q2 2010-2.3%
Q4 2010-2.3%
Q1 2010-2.3%
Q1 2011-2.3%

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