Skechers USA Inc


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SKU: SKX-1 Category:


Skechers managed to achieve a double-digit growth in all of their reportable sections in the recent quarterly result. The company has witnessed a strong global demand for their Comfort Technology footwear. A positive sign which might help Skechers cope with the Omicron headwinds is that its direct-to-consumer business increased 44% in the last quarter, led by a 61% increase in the company’s foreign business and a 35% increase in its domestic business. The D2C uptrend is a very positive sign as the management continues to invest in their e-commerce infrastructure, launching new sites on their new platform in Ireland, the UK, and other markets. The company has also made a move to penetrate the Philippines market by moving its operations from a third-party distributor to within the company itself. We give Skechers a ‘Hold’ rating with a revised target price.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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