Skechers is a renowned performance footwear, apparel, and accessories brand for consumers of all age groups. The company has witnessed a strong recovery in its business since the early months of the pandemic which can be seen from its recent quarterly results. There was continued demand for Skechers’ comfort products and there has been a particularly strong growth in the direct-to-consumer business. Its growth in China has been remarkable and the management is making large capital investments in distribution centers to create economies of scale and drive efficiency. The optimism of the Skechers management and the strong guidance for 2021 with an expected recovery of physical retail in the second half of the year are major green flags in favor of the stock.
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
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