Skechers U.S.A., Inc.

NYSE:SKX Stock Report

Market Cap: US$9.5b

This company has been acquired

The company may no longer be operating, as it has been acquired. Find out why through their latest events.

Skechers U.S.A Future Growth

Future criteria checks 0/6

Skechers U.S.A's earnings are forecast to decline at 4.1% per annum while its annual revenue is expected to grow at 6.8% per year. EPS is expected to decline by 2.4% per annum. Return on equity is forecast to be 11.2% in 3 years.

Key information

-4.1%

Earnings growth rate

-2.45%

EPS growth rate

Luxury earnings growth18.1%
Revenue growth rate6.8%
Future return on equity11.16%
Analyst coverage

Good

Last updated12 Sep 2025

Recent future growth updates

Recent updates

Seeking Alpha • Jul 11

Skechers Sprints Past Bid - Strong Sell

Summary Skechers is being acquired by 3G Capital for $63/share, with the family owners accepting the bid despite strong growth prospects. The stock currently trades above the buyout price, likely due to speculation about a higher bid or a potential increase from 3G Capital. A shareholder lawsuit demanding more transparency could delay or alter the deal, but the base case remains a $0.30/share loss if the deal closes as planned. Given limited upside and even significant downside risk, if the deal fails, I rate Skechers a strong sell due to an unattractive risk/reward profile. Read the full article on Seeking Alpha
Seeking Alpha • Apr 23

Skechers: Be Greedy When Others Fear Tariffs

Summary SKX is trading at a forward P/E of 10.76, a significant discount to historical valuations and competitors, making it a compelling buy, especially after recent market corrections. SKX’s focus on value and comfort products positions it well to weather economic downturns, with potential to gain market share from premium brands like Nike and Adidas. International Expansion and a good balance of DTC and Wholesale - two important growth levers. China exposure is also low; Contra Buy on valuation at these levels. Read the full article on Seeking Alpha
Seeking Alpha • Feb 16

Skechers: Undervalued And Gaining Market Share

Summary I estimate Skechers' intrinsic value at $12B or $80 per share, with revenue doubling to $18B by 2035, assuming improved operating margins and significant reinvestment. The footwear industry is mature with low growth, but Skechers gains market share by offering quality footwear at lower prices compared to premium brands. Skechers' 2024 revenue grew 12.1%, driven by EMEA and wholesale growth. DCT is trailing in growth but remains important as it stands out with 66% gross margins. I estimate that growth will continue at a lower trajectory, and investors will see increased returns after SKX breaks $1B in operating income. SKX is part of the outperforming peer group in the last 2 years, and investors may want to consider diversifying with some of the growth names like ONON or DECK. Read the full article on Seeking Alpha
Seeking Alpha • Jan 14

Skechers USA Remains A Solid Prospect For Growth And Value Investors Alike

Summary Skechers USA has shown impressive growth, with revenue jumping from $6.31 billion to $8 billion, driven by both wholesale and direct-to-consumer operations. Despite rapid growth, Skechers shares are attractively priced, making it an appealing opportunity for value and growth investors alike. Management aims to grow revenue to $10 billion by 2026, focusing on expanding physical stores, digital capabilities, and e-commerce platforms. With strong cash flows and low valuation multiples compared to peers, I rate Skechers USA a solid 'buy' for high-quality growth at a cheap price. Read the full article on Seeking Alpha
Seeking Alpha • Jan 06

Skechers: Slight Shadows On Q4 Outlook

Summary After an incredibly strong Q3, Skechers U.S.A., Inc.'s Q4 outlook is more mixed with macroeconomic turbulence in certain markets and some weaker sales signals. Despite an expected sequential slowdown, the Skechers growth story stands strong with EMEA and Indian market growth and store network expansion. SKX stock remains undervalued, and I estimate 31% upside to a fair value of $90.5. Read the full article on Seeking Alpha
Seeking Alpha • Oct 25

Skechers' Q3 Was Strong

Summary Skechers U.S.A., Inc. reported strong Q3 results with 15.9% revenue growth as the company's brand ambassador marketing has paid off. The footwear industry has been weak due to weak consumer spending, underlining the strength of Skechers' growth. Despite the great performance, SKX stock has remained stagnant, highlighting a remaining undervaluation. Read the full article on Seeking Alpha
Seeking Alpha • Sep 30

Skechers: Lacing Up For Earnings Growth, Current Prices Attractive For The Long Term

Summary Skechers is undervalued, trading at ~15x NTM earnings with a 5-year forward earnings CAGR of 12%, presenting a compelling investment opportunity. Increased direct-to-consumer revenue has boosted margins by reducing reliance on middlemen, enhancing profitability. Positive brand perception among younger generations is expected to drive top-line growth in the coming years. Skechers' discounted share price, combined with its future growth potential, makes it an attractive investment. Read the full article on Seeking Alpha
Seeking Alpha • Sep 20

Skechers: China's Weakness Was An Overreaction (Rating Upgrade)

Summary Skechers' recent share price drop, due to Chinese market softness, is an overreaction, presenting a buying opportunity for long-term investors. The company shows strong financial performance, with improved margins and a solid balance sheet, despite slight Q2 softness. Management's focus on the DTC segment and strategic investments will drive future growth and margin improvements. Skechers is trading at a 27% discount to its intrinsic value, making it a compelling buy even amid potential economic downturns. Read the full article on Seeking Alpha
User avatar
New Narrative • Aug 25

Calculated Alliances, Global DTC Expansion, And Innovative Comfort Tech Fuel Brand's Ascension

Strategic partnerships and expanded product lines through innovation are poised to boost consumer demand and revenue growth.
Seeking Alpha • Jul 31

Skechers Is An Excellent Long-Term Buy And Hold

Summary Skechers is a steady performer in casual and athletic footwear, offering good returns to shareholders, with an impressive 14% annual return in the last 10 years. Skechers' sustainability, durability, and diverse appeal shield investors from volatility. Skechers higher margin DTC segment is growing faster than its wholesale segment, expanding margins for the company. Asia Pacific should continue to grow fast, allowing Skechers to grow revenues at 10% and earnings at 17% for the next 4 years. At a P/E of 16, and a PEG ratio of just 0.8, Skechers is a bargain. Read the full article on Seeking Alpha

Earnings and Revenue Growth Forecasts

NYSE:SKX - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/202711,1576336581,0234
12/31/202610,37554732056510
12/31/20259,6555292357669
6/30/20259,41266563641N/A
3/31/20259,129635113619N/A
12/31/20248,969639271687N/A
9/30/20248,718627399767N/A
6/30/20248,3955808051,150N/A
3/31/20248,250592649958N/A
12/31/20238,0005469071,231N/A
9/30/20237,9185348661,200N/A
6/30/20237,772475316659N/A
3/31/20237,627412267608N/A
12/31/20227,445373-121238N/A
9/30/20227,221700-422-84N/A
6/30/20226,901717-27750N/A
3/31/20226,695764-22491N/A
12/31/20216,310742-98212N/A
9/30/20215,984392195528N/A
6/30/20215,730354166472N/A
3/31/20214,800148133453N/A
12/31/20204,6139922331N/A
9/30/20204,619105-140134N/A
6/30/20204,67514498358N/A
3/31/20205,20828782355N/A
12/31/20195,243347190427N/A
9/30/20194,993334285505N/A
6/30/20194,814322350558N/A
3/31/20194,689292N/A502N/A
12/31/20184,663301N/A569N/A
9/30/20184,554187N/A397N/A
6/30/20184,470189N/A306N/A
3/31/20184,359203N/A247N/A
12/31/20174,181179N/A159N/A
9/30/20173,973253N/A294N/A
6/30/20173,821225N/A288N/A
3/31/20173,673240N/A309N/A
12/31/20163,577243N/A362N/A
9/30/20163,535266N/A316N/A
6/30/20163,448268N/A328N/A
3/31/20163,371273N/A249N/A
12/31/20153,159232N/A232N/A
9/30/20153,004224N/A203N/A
6/30/20152,822209N/A177N/A
3/31/20152,607164N/A142N/A
12/31/20142,387139N/A164N/A
9/30/20142,268131N/A173N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: SKX's earnings are forecast to decline over the next 3 years (-4.1% per year).

Earnings vs Market: SKX's earnings are forecast to decline over the next 3 years (-4.1% per year).

High Growth Earnings: SKX's earnings are forecast to decline over the next 3 years.

Revenue vs Market: SKX's revenue (6.8% per year) is forecast to grow slower than the US market (9.7% per year).

High Growth Revenue: SKX's revenue (6.8% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: SKX's Return on Equity is forecast to be low in 3 years time (11.2%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/09/13 17:05
End of Day Share Price 2025/09/11 00:00
Earnings2025/06/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Skechers U.S.A., Inc. is covered by 14 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
John StaszakArgus Research Company
Brian McNamaraBerenberg
Laurent VasilescuBNP Paribas