Skechers USA Q2 2024 Adj EPS $0.91 Misses $0.94 Estimate, Sales $2.16B Miss $2.23B Estimate
Portfolio Pulse from Benzinga Newsdesk
Skechers USA (NYSE:SKX) reported Q2 2024 earnings per share of $0.91, missing the analyst consensus estimate of $0.94. The company also reported sales of $2.16 billion, falling short of the $2.23 billion estimate. Despite the misses, sales increased by 7.20% compared to the same period last year.
July 25, 2024 | 8:54 pm
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Skechers USA reported Q2 2024 earnings per share of $0.91, missing the analyst consensus estimate of $0.94. The company also reported sales of $2.16 billion, falling short of the $2.23 billion estimate. Despite the misses, sales increased by 7.20% compared to the same period last year.
Skechers missed both EPS and sales estimates, which is likely to negatively impact the stock price in the short term. However, the year-over-year sales growth of 7.20% may provide some support.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100