Skechers Increases Q3 2024 Sales Guidance To $2.3B - $2.35B Vs $2.025B Est.; EPS $1.10 - $1.15 Vs. $0.95 Est.
Portfolio Pulse from Benzinga Newsdesk
Skechers has increased its Q3 2024 sales guidance to a range of $2.3 billion to $2.35 billion, significantly higher than the previous estimate of $2.025 billion. Additionally, the company has raised its EPS guidance to $1.10 - $1.15, compared to the earlier estimate of $0.95.
July 25, 2024 | 8:58 pm
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Skechers has raised its Q3 2024 sales guidance to $2.3 billion - $2.35 billion, up from the previous estimate of $2.025 billion. The company also increased its EPS guidance to $1.10 - $1.15, compared to the earlier estimate of $0.95.
The significant increase in both sales and EPS guidance indicates strong business performance and positive future prospects for Skechers. This is likely to boost investor confidence and drive the stock price up in the short term.
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IMPORTANCE 90
RELEVANCE 100