Skechers Will Rise Again
Sketchers had a terrible quarter, which was no surprise. The surprise was that they did considerably better than expected. In the short-run, the shares are likely to move on the […]
Leverage Is Starting To Kick In At Skechers
The company has delivered stellar Q2 results with a large earnings beat as a result of operational leverage and a good reception of the new collections. Pricing and really good […]
Skechers’ Future Still Looks Good To Us
The company suffered from a slowdown in its domestic wholesale business and currency headwinds in its international business, producing disappointing growth figures. However, margins and especially cash flow have strengthened […]
Takeaways From The Skechers Quarter
While it’s always a little hard to see the forest through the trees, given that the company has so many moving parts, we think the overall picture is still attractive. […]
SHU Portfolio; And Another Buying Opportunity In Skechers
Management prefers growth over margins, and they are right to do so and can easily invest in growth, given their extremely solid balance sheet and cash generation. Yet, they haven’t […]
Are Investors Excessively Punishing Companies That Invest In Growth At The Expense Of Margins?
While not a systematic inquiry, we nevertheless spot quite a few companies whose shares get punished for investing when that results in some margin decline. With investment the cost gets […]
SHU Portfolio: Buy Skechers Again
Shares in Skechers have sold off big time on rising cost and a soft Q2 outlook. But much of the cost rise is due to investments in growth, which the […]
Skechers: Can It Leverage Up?
Skechers produced another solid quarter with very strong sales growth and stellar same store sales increases. The shares are consolidating, which is to be expected after the strong rally. We […]
Skechers: Acquire On Weakness
While Skechers shares jumped 40% on a single day after very good third quarter results, they might have to digest that jump a little. However, the shares are still very […]
SHU Portfolio: Skechers Is Remarkably Cheap
No retail apocalypse for Skechers. Its US stores revenues are up 14.5% with same store sales up a whopping 7.7%. Its international business is also booming, and after heavy investments […]