Skechers’ BOBS for Dogs Campaign Helps 583,000+ Animals

by Zach | Sep 4, 2018 | Press Release

Sep 4, 2018 • 9:00 am EDT

Footwear Company Donates More Than $3 Million to Best Friends Animal Society to Find Forever Homes for Shelter Pets

MANHATTAN BEACH, Calif.–(BUSINESS WIRE)– More than half a million animals are howling their thanks at Skechers. Through the Company’s philanthropic BOBS from Skechers and BOBS for Dogs collections, it has helped 583,000 shelter pets in the United States, including saving the lives of more than 241,000 animals nationwide through its $3 million donation to Best Friends Animal Society, the only national animal welfare organization dedicated exclusively to ending the killing of dogs and cats in America’s shelters.

Skechers’ BOBS for Dogs and Best Friends Animal Society partnership has helped more than 583,000 shelter pets in the United States, including an Austin Super Adoption to clear shelters after Hurricane Harvey. (Photo: Business Wire)

“It’s been incredibly gratifying to establish the BOBS collections as a beloved part of our brand,” said Michael Greenberg, president of Skechers. “BOBS for Dogs is very personal for us – many of our employees have rescued dogs, with some through Best Friends directly. It’s wonderful to see that we haven’t just created styles that people love to wear, but that these shoes, and now our BOBS apparel, are having a very real impact on the hundreds of thousands of animals who have left shelters across the country for loving homes.”

Along with saving the lives of shelter animals, Best Friends has used Skechers’ contributions to find forever homes for 5,490 pets at Skechers-sponsored Super Adoption events; spay and neuter 328,000 pets; transfer more than 25,000 shelter animals to Best Friends’ regional programs; and help nearly 12,000 kittens at its nurseries. The Company’s funds have also supported the organization’s efforts in Los Angeles, currently on track to become the nation’s largest no-kill city in 2018; helped launch its first Pet Adoption Center in New York; and maintain its Utah sanctuary which houses more than 1,600 animals. BOBS for Dogs’ wide-ranging Best Friends initiatives have included a limited edition co-branded footwear collection and a BOBS Roving Rescue bus to help transport shelter pets to their forever homes.

Skechers continues to raise donations through its iconic casual collection, which features popular shelter pets, cartooned animal mosaics and world-famous animal personalities – as well as select apparel from its recently launched animal-themed casual and sleepwear collections.

For each pair of specially packaged BOBS from Skechers shoes and BOBS T-shirts sold online and in retail stores throughout the United States, twenty-five cents is donated to Best Friends to help save shelter animals’ lives across the country. To learn more, follow BOBS from SKECHERS on Facebook (facebook.com/BOBSfromSKECHERS), Twitter (twitter.com/BOBS_SKECHERS), Instagram (instagram.com/BOBS_SKECHERS) and Pinterest (pinterest.com/BOBSSKECHERS), or visit www.BOBSfromSKECHERS.com.

About Best Friends

Best Friends Animal Society is a leading national animal welfare organization dedicated to ending the killing of dogs and cats in America’s shelters. In addition to running lifesaving programs in partnership with more than 2,200 animal welfare groups across the country, Best Friends has regional centers in New York City, Los Angeles, Atlanta and Salt Lake City, and operates the nation’s largest no-kill sanctuary for companion animals. Founded in 1984, Best Friends is a pioneer in the no-kill movement and has helped reduce the number of animals killed in shelters nationwide from 17 million per year to about 1.5 million. That means there are still more than 4,100 dogs and cats killed every day in shelters, just because they don’t have safe places to call home. We are determined to get that number to zero by the year 2025. Working collaboratively with shelters, rescue groups, other organizations and you, we will end the killing and Save Them All. For more information, visit bestfriends.org. To become a fan of Best Friends on Facebook, go to Facebook.com/bestfriendsanimalsociety. Follow Best Friends on Twitter (@BestFriends) and Instagram (@BestFriendsAnimalSociety).

About SKECHERS USA, Inc.

SKECHERS USA, Inc., based in Manhattan Beach, California, designs, develops and markets a diverse range of lifestyle footwear for men, women and children, as well as performance footwear for men and women. SKECHERS footwear is available in the United States and over 170 countries and territories worldwide via department and specialty stores, 2,715 SKECHERS Company-owned and third-party-owned retail stores, and the Company’s e-commerce websites. The Company manages its international business through a network of global distributors, joint venture partners in Asia and the Middle East, and wholly-owned subsidiaries in Canada, Japan, throughout Europe and Latin America. For more information, please visit www.skechers.com and follow us on Facebook (facebook.com/SKECHERS) and Twitter (twitter.com/SKECHERSUSA).

This announcement contains forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, Skechers’ future domestic and international growth, financial results and operations including expected net sales and earnings, its development of new products, future demand for its products, its planned domestic and international expansion, opening of new stores and additional expenditures, and advertising and marketing initiatives. Forward-looking statements can be identified by the use of forward-looking language such as “believe,” “anticipate,” “expect,” “estimate,” “intend,” “plan,” “project,” “will be,” “will continue,” “will result,” “could,” “may,” “might,” or any variations of such words with similar meanings. Any such statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected in forward-looking statements. Factors that might cause or contribute to such differences include international economic, political and market conditions including the challenging consumer retail markets in the United States; sustaining, managing and forecasting costs and proper inventory levels; losing any significant customers; decreased demand by industry retailers and cancellation of order commitments due to the lack of popularity of particular designs and/or categories of products; maintaining brand image and intense competition among sellers of footwear for consumers, especially in the highly competitive performance footwear market; anticipating, identifying, interpreting or forecasting changes in fashion trends, consumer demand for the products and the various market factors described above; sales levels during the spring, back-to-school and holiday selling seasons; and other factors referenced or incorporated by reference in the Company’s annual report on Form 10-K for the year ended December 31, 2017, and its quarterly report on Form 10-Q for the three months ended June 30, 2018. The risks included here are not exhaustive. Skechers operates in a very competitive and rapidly changing environment. New risks emerge from time to time and the companies cannot predict all such risk factors, nor can the companies assess the impact of all such risk factors on their respective businesses or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. Given these risks and uncertainties, you should not place undue reliance on forward-looking statements as a prediction of actual results. Moreover, reported results should not be considered an indication of future performance.

SKECHERS USA, Inc.
Jennifer Clay, 310.937.1326

Skechers GO GOLF® Elite Athlete Brooke Henderson Wins CP Women’s Open and 7th LPGA Title

by Zach | Aug 27, 2018 | Press Release

Aug 27, 2018 • 1:24 pm EDT

Henderson Makes History Becoming the First Canadian in 45 Years to Win the LPGA CP Women’s Open

MANHATTAN BEACH, Calif.–(BUSINESS WIRE)– On the course with the world’s top golfers and surrounded by the cheers of fellow countrymen, Brooke Henderson won the LPGA CP Women’s Open yesterday, becoming the first Canadian to win the title in 45 years, and the second Canadian to win in the event’s history. Competing in Skechers GO GOLF footwear and apparel, Henderson won her seventh LPGA title by four shots with a finish 21 under par at Wascana Country Club in Regina, Saskatchewan.

Skechers GO GOLF elite athlete Brooke Henderson (left) celebrates her CP Women’s Open win with sister and caddy Brittany. (Photo: Business Wire)

“It felt like a dream to get a big win at a Canadian tournament,” said Brooke Henderson. “This was truly a Canadian-style game. It was like playing in all four seasons. I was ready though and I had the stability I needed with my Skechers GO GOLF Elite V.2 shoes. It just felt so perfect, and I feel honored to win this for my country. I’m the national champion!”

“What an amazing win for Brooke—in her home country! We couldn’t be more proud of her, and we’re excited to be with her on this journey as she continues to win in what’s shaping up to be an incredible season so early in her career,” said Michael Greenberg, president of Skechers. “She’s an inspiration every time she’s on the course and her aspirational determination is an asset to the Skechers GO GOLF collection as well as her fans who watch her wearing our footwear and apparel through each new success.”

Henderson has become a prominent face of women’s golf since turning professional in December 2014. She won her first LGPA Tour event in 2015 at the Cambria Portland Classic, a title she would defend with her second career win in 2016. She then went on to become the second youngest player to capture a major championship with her win at the 2016 KPMG Women’s PGA Championship. In 2016, Brooke also represented Canada at the 2016 Olympic games in Brazil, where she tied for seventh place. In April she was the first Canadian to win the Lotte Championship and is now a single win short of tying Sandra Post for most wins by a Canadian in LPGA history.

Henderson joined the Skechers Performance team in 2016. She wears Skechers GO GOLF footwear and apparel on tour and has been featured in ongoing marketing campaigns for the brand.

Known for its lightweight, high quality, stable and comfortable designs, Skechers Performance GO GOLF has achieved prominence within the golf category, alongside the brand’s award-winning running, walking and training collections. The Skechers Performance GO GOLF apparel line offers athletes comfort and freedom of movement through a wide assortment of styles constructed with innovative moisture-wicking fabrics in a variety of colors for both men and women.

Skechers Performance GO GOLF is available at Skechers retail stores and skechers.com as well as select retail partners including specialty golf pro shops.

About SKECHERS USA, Inc.

SKECHERS USA, Inc. (NYSE: SKX), based in Manhattan Beach, California, designs, develops and markets a diverse range of lifestyle footwear for men, women and children, as well as performance footwear for men and women. SKECHERS footwear is available in the United States and over 170 countries and territories worldwide via department and specialty stores, 2,715 SKECHERS Company-owned and third-party-owned retail stores, and the Company’s e-commerce websites. The Company manages its international business through a network of global distributors, joint venture partners in Asia and the Middle East, and wholly-owned subsidiaries in Canada, Japan, throughout Europe and Latin America. For more information, please visit www.skechers.com and follow us on Facebook (facebook.com/SKECHERS), Instagram (Instagram.com/SKECHERS) and Twitter (twitter.com/SKECHERSUSA).

This announcement contains forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, Skechers’ future domestic and international growth, financial results and operations including expected net sales and earnings, its development of new products, future demand for its products, its planned domestic and international expansion, opening of new stores and additional expenditures, and advertising and marketing initiatives. Forward-looking statements can be identified by the use of forward-looking language such as “believe,” “anticipate,” “expect,” “estimate,” “intend,” “plan,” “project,” “will be,” “will continue,” “will result,” “could,” “may,” “might,” or any variations of such words with similar meanings. Any such statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected in forward-looking statements. Factors that might cause or contribute to such differences include international economic, political and market conditions including the challenging consumer retail markets in the United States; sustaining, managing and forecasting costs and proper inventory levels; losing any significant customers; decreased demand by industry retailers and cancellation of order commitments due to the lack of popularity of particular designs and/or categories of products; maintaining brand image and intense competition among sellers of footwear for consumers, especially in the highly competitive performance footwear market; anticipating, identifying, interpreting or forecasting changes in fashion trends, consumer demand for the products and the various market factors described above; sales levels during the spring, back-to-school and holiday selling seasons; and other factors referenced or incorporated by reference in the Company’s annual report on Form 10-K for the year ended December 31, 2017, and its quarterly report on Form 10-Q for the three months ended June 30, 2018. The risks included here are not exhaustive. Skechers operates in a very competitive and rapidly changing environment. New risks emerge from time to time and the companies cannot predict all such risk factors, nor can the companies assess the impact of all such risk factors on their respective businesses or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. Given these risks and uncertainties, you should not place undue reliance on forward-looking statements as a prediction of actual results. Moreover, reported results should not be considered an indication of future performance.

Skechers
Jennifer Clay
310-937-1326
[email protected]

Skechers Elite Athletes Top Podium at 2018 IRONMAN® Mont-Tremblant

by Zach | Aug 21, 2018 | Press Release

Aug 21, 2018 • 2:03 pm EDT

Cody Beals Wins His First-Ever Full-Distance Race in Skechers Performance Footwear; Veteran Triathlete Lionel Sanders Places Second

TORONTO–(BUSINESS WIRE)– SKECHERS USA, Inc. (NYSE:SKX) celebrates the victory of its Skechers^® athletes who swept the four top spots in Skechers Performance™ footwear on Sunday, August 19 at IRONMAN^® Mont-Tremblant in the Laurentian Mountains of Quebec. Topping the podium was Cody Beals, who completed his first full-distance IRONMAN in Skechers GO RUN 6™ in 8:10:36 – the first Canadian in history to win Mont-Tremblant and set a new bike and overall course record.

From left: Skechers elite runners and fellow Canadians Cody Beals and Lionel Sanders finish first and second, respectively, at the 2018 IRONMAN® Mont-Tremblant in Quebec. (Photo: Business Wire)

Beals was followed by Canadian Lionel Sanders, who finished the race in 8:24:01 in Skechers GO RUN Razor 3 Hyper™; American Matt Russell who finished in 8:25:14 in Skechers GO RUN 6; and Canadian Antoine Jolicoeur-Desroches who finished fourth in 8:28:40 in Skechers GO RUN Ride 7™.

“It’s exhilarating to prove that I’m not just capable of the half-distance, but that I can win the full-distance as well,” said Beals. “And it’s been a great honor to compete against Lionel; I’ve raced him more than 10 times over the years, and he’s definitely raised the bar for me. Skechers Performance has really helped me concentrate on my technique and focus on the final leg.”

“Cody’s race today was amazing to watch, and we’re thrilled to support his first ever full-distance win,” said Michael Greenberg, president of Skechers. “His focus, endurance and perseverance through all three stages in Mont-Tremblant was inspirational for fans everywhere – and we know that there’s lots more in store for his great talent. Congrats to the entire Skechers Elite team – four winners is amazing and a testament to their hard work and our footwear.”

“I’m inspired by Cody (Beals) in his debut and Matt (Russell) in his comeback,” added Lionel Sanders, who is a top contender at the IRONMAN World Championships in Kona this October. “It’s great to be part of such an incredible team, and I look forward to taking the momentum that we’ve got to Kona.”

Since its debut with the first model of Skechers GO RUN^® worn by Meb Keflezighi in 2012, Skechers Performance footwear and apparel has earned respect throughout the running world and won numerous awards within the footwear industry. Skechers Performance is the title sponsor of the Skechers Performance Los Angeles Marathon^® and the footwear and apparel sponsor of the Chevron Houston Marathon^® and Aramco Houston Half Marathon^®.

The Skechers GO RUN collection for men and women is available at Skechers retail stores and skechers.com as well as select retail partners, including run specialty stores.

About SKECHERS USA, Inc.

SKECHERS USA, Inc., based in Manhattan Beach, California, designs, develops and markets a diverse range of lifestyle footwear for men, women and children, as well as performance footwear for men and women. SKECHERS footwear is available in the United States and over 170 countries and territories worldwide via department and specialty stores, 2,715 SKECHERS Company-owned and third-party-owned retail stores, and the Company’s e-commerce websites. The Company manages its international business through a network of global distributors, joint venture partners in Asia and the Middle East, and wholly-owned subsidiaries in Canada, Japan, throughout Europe and Latin America. For more information, please visit www.skechers.com and follow us on Facebook (facebook.com/SkechersPerformanceCanada), Instagram (instagram.com/SkechersPerformance_Canada) and Twitter (twitter.com/SkechersGOCan).

This announcement contains forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, Skechers’ future domestic and international growth, financial results and operations including expected net sales and earnings, its development of new products, future demand for its products, its planned domestic and international expansion, opening of new stores and additional expenditures, and advertising and marketing initiatives. Forward-looking statements can be identified by the use of forward-looking language such as “believe,” “anticipate,” “expect,” “estimate,” “intend,” “plan,” “project,” “will be,” “will continue,” “will result,” “could,” “may,” “might,” or any variations of such words with similar meanings. Any such statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected in forward-looking statements. Factors that might cause or contribute to such differences include international economic, political and market conditions including the challenging consumer retail markets in the United States; sustaining, managing and forecasting costs and proper inventory levels; losing any significant customers; decreased demand by industry retailers and cancellation of order commitments due to the lack of popularity of particular designs and/or categories of products; maintaining brand image and intense competition among sellers of footwear for consumers, especially in the highly competitive performance footwear market; anticipating, identifying, interpreting or forecasting changes in fashion trends, consumer demand for the products and the various market factors described above; sales levels during the spring, back-to-school and holiday selling seasons; and other factors referenced or incorporated by reference in the Company’s annual report on Form 10-K for the year ended December 31, 2017, and its quarterly report on Form 10-Q for the three months ended June 30, 2018. The risks included here are not exhaustive. Skechers operates in a very competitive and rapidly changing environment. New risks emerge from time to time and the companies cannot predict all such risk factors, nor can the companies assess the impact of all such risk factors on their respective businesses or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. Given these risks and uncertainties, you should not place undue reliance on forward-looking statements as a prediction of actual results. Moreover, reported results should not be considered an indication of future performance.

Skechers Canada
Cris Alcantara
(905) 206-5877
[email protected]

SKECHERS Achieves New Second Quarter 2018 Sales Record

by Zach | Jul 19, 2018 | Press Release

Jul 19, 2018 • 4:05 pm EDT

MANHATTAN BEACH, Calif.–(BUSINESS WIRE)– SKECHERS USA, Inc. (NYSE:SKX), a global footwear leader, today announced financial results for the second quarter ended June 30, 2018.

Second Quarter Highlights

• Record sales of $1.134 billion, an increase of 10.6 percent
• Record quarter gross margins of 49.4 percent
• International wholesale sales increased 24.9 percent; total international wholesale and retail sales combined represented 51.6 percent of total sales
• Company-owned global retail sales increased 12.8 percent, with a comparable same store sales increase of 4.5 percent worldwide

“The financial accomplishments in the second quarter are the result of our product and marketing, as well as our on-going efforts to seek out global opportunities,” began Robert Greenberg, Skechers chief executive officer. “With the resurgence of retro looks and Skechers D’Lites, we are the originator of one of the hottest trends in footwear. At the core of this chunky look is comfort, which runs through every one of our divisions—from Relaxed Fit to Skechers Sport to our sandal collections. The excitement over Skechers D’Lites has allowed us to broaden our distribution and marketing to reach savvy millennial consumers. With chart-topping Camila Cabello in Skechers D’lites, we have a global ambassador who resonates with this audience. Add to that, the campaigns for our wide demographic appeal and vast footwear offering—including those with ambassadors, Tony Romo, Howie Long and David Ortiz—enable us to meet the footwear needs of men, women and children in the United States and around the world. With the right product and marketing, we believe there is significant opportunity to further grow our brand and continue to take market share. We are investing in our international business—both in newer and established markets as we continue to experience strong growth overseas. We’re looking forward to the back-to-school season, and the remainder of the year as we deliver more new styles backed by impactful marketing.”

“We achieved another record sales quarter and continued to see significant growth in our subsidiary and joint venture businesses, which resulted in record sales of $2.38 billion over the first six months of the year,” stated David Weinberg, chief operating officer of Skechers. “Our largest international markets—Canada, China, South Korea, Germany, India, and the United Kingdom, achieved double-digit sales growth in the second quarter, a testament to our global strategy. Additionally, China shipped approximately 5.6 million pairs in the period, a new quarterly record. As expected, our domestic wholesale had single-digit decreases in the quarter though much of our business within our core accounts remained solid. Our international distributor business also had single-digit decreases, but performed better than originally anticipated. Looking forward, we believe both of our domestic wholesale and international distributor businesses will be positive in the second half of the year. Our focus for the balance of 2018 is to continue to grow our international business while maintaining our strength in the United States.”

Second Quarter 2018 Financial Results
($ in millions, except per share data)

Sales grew 10.6 percent as a result of a 24.9 percent increase in the Company’s international wholesale business, and 12.8 percent increase in its Company-owned global retail business. Second quarter comparable same store sales in Company-owned stores worldwide increased 4.5 percent, including a 2.2 percent in the United States and a 11.3 percent internationally. The growth in the second quarter was partially offset by a 7.0 percent decrease in the Company’s domestic wholesale business and a 6.1 percent decrease in the Company’s international distributor business.

Gross margins increased due to strength in the Company’s international wholesale and Company-owned international retail businesses.

SG&A expenses increased 19.7 percent in the quarter, including an increase in selling expenses of $14.1 million due to higher international advertising. General and administrative expenses increased by $65.6 million as the Company continued to build its international brand presence and direct-to-consumer channels. General and administrative expenses in China grew $29.4 million to support continued expansion, including support for the upcoming Single’s Day, and $11.7 million associated with operating 54 additional Company-owned Skechers stores worldwide, of which 12 opened in the second quarter. The G&A expenses also included $19.8 million related to corporate and domestic expenses, of which $7.0 million was for increased domestic warehouse and distribution costs and $6.2 million was for legal costs.

Earnings from operations decreased $4.9 million, or 5.7 percent.

Net earnings were $45.3 million and diluted earnings per share were $0.29. In the second quarter, the Company’s income tax rate was 18.8 percent reflecting its continued assessment of the impact of the recently enacted tax reform legislation. The Company’s net earnings for the second quarter were negatively impacted by adverse foreign exchange impacts of $7.0 million and legal costs of $6.2 million.

Six months 2018 Financial Results
($ in millions, except per share data)

Sales grew 13.6 percent as a result of a 22.9 percent increase in the Company’s international wholesale business, and a 15.5 percent increase in its Company-owned global retail business. For the six-month period, the Company’s domestic wholesale business increased 1.0 percent compared to the same prior year period.

Gross margins increased due to strength in the Company’s international wholesale and Company-owned international retail businesses.

SG&A expenses increased 21.4 percent. This increase was due to an additional $138.5 million in general and administrative expenses. Selling expenses increased by $24.7 million.

Earnings from operations increased $19.4 million, or 9.2 percent.

Net earnings were $162.9 million and diluted earnings per share were $1.04.

Balance Sheet

At quarter-end, cash, cash equivalents and short-terminvestments totaled $887.7 million, an increase of $151.3 million, or 20.5 percent from December 31, 2017, and an increase of $136.2 million, or 18.1 percent, over June 30, 2017.

Total inventory, including inventory in transit, was $822.4 million, a $50.6 million decrease from December 31, 2017, and a $152.7 million increase over June 30, 2017. The majority of the year-over-year inventory increase was attributable to international wholesale and retail, particularly in China.

Working capital was $1.6 billion at June 30, 2018, a $134.7 million increase over December 31, 2017, and a $282.9 million increase over June 30, 2017.

“In the second quarter, we continued to invest in building the Skechers brand worldwide,” began John Vandemore, chief financial officer of Skechers. “This included an expanded direct-to-consumer presence in retail and online. We also diligently managed our balance sheet, driving cash conversion and matching inventory growth with anticipated sales volumes. At the same time, we continued to allocate capital in line with our stated philosophy, returning cash to shareholders directly through approximately $15.0 million of open market share repurchases.”

Share Repurchase

During the three months ended June 30, 2018, the Company repurchased approximately 510,000 shares of its Class A common stock at a cost of $15.0 million under its existing share repurchase program. At June 30, 2018, approximately $132.0 million remained available under the Company’s share repurchase program.

Outlook

For the third quarter of 2018, the Company believes it will achieve sales in the range of $1.200 billion to $1.225 billion, and diluted earnings per share of $0.50 to $0.55. The guidance is based on continued strong performance within the Company’s international subsidiaries and joint venture businesses, and the Company-owned Skechers retail stores, as well as growth in the Company’s international distributor and domestic wholesale businesses in the back half of the year. The Company expects that its effective tax rate for the year will be at the top of or slightly higher than the previously announced guidance of 12 to 17 percent.

Second Quarter 2018 Conference Call

The Company will host a conference call today at 1:30 p.m. PT / 4:30 p.m. Eastern Time to discuss its second quarter 2018 financial results. The call can be accessed on the Investor Relations section of the Company’s website at https://investors.skechers.com/. For those unable to participate during the live broadcast, a replay will be available beginning July 19, 2018, at 7:30 p.m. ET, through August 2, 2018, at 11:59 p.m. ET. To access the replay, dial 844-512-2921 (U.S.) or 412-317-6671 (International) and use passcode: 13681233.

About SKECHERS USA, Inc.

SKECHERS USA, Inc., based in Manhattan Beach, California, designs, develops and markets a diverse range of lifestyle footwear for men, women and children, as well as performance footwear for men and women. SKECHERS footwear is available in the United States and over 170 countries and territories worldwide via department and specialty stores, 2,715 SKECHERS Company-owned and third-party-owned retail stores, and the Company’s e-commerce websites. The Company manages its international business through a network of global distributors, joint venture partners in Asia and the Middle East, and wholly-owned subsidiaries in Canada, Japan, throughout Europe and Latin America. For more information, please visit skechers.com and follow us on Facebook (facebook.com/SKECHERS) and Twitter (twitter.com/SKECHERSUSA).

This announcement contains forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, Skechers’ future domestic and international growth, financial results and operations including expected net sales and earnings, its development of new products, future demand for its products, its planned domestic and international expansion, opening of new stores and additional expenditures, and advertising and marketing initiatives. Forward-looking statements can be identified by the use of forward-looking language such as “believe,” “anticipate,” “expect,” “estimate,” “intend,” “plan,” “project,” “will be,” “will continue,” “will result,” “could,” “may,” “might,” or any variations of such words with similar meanings. Any such statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected in forward-looking statements. Factors that might cause or contribute to such differences include international economic, political and market conditions including the challenging consumer retail markets in the United States; sustaining, managing and forecasting costs and proper inventory levels; losing any significant customers; decreased demand by industry retailers and cancellation of order commitments due to the lack of popularity of particular designs and/or categories of products; maintaining brand image and intense competition among sellers of footwear for consumers, especially in the highly competitive performance footwear market; anticipating, identifying, interpreting or forecasting changes in fashion trends, consumer demand for the products and the various market factors described above; sales levels during the spring, back-to-school and holiday selling seasons; and other factors referenced or incorporated by reference in the Company’s annual report on Form 10-K for the year ended December 31, 2017, and its quarterly report on Form 10-Q for the three months ended March 31, 2018. The risks included here are not exhaustive. Skechers operates in a very competitive and rapidly changing environment. New risks emerge from time to time and the companies cannot predict all such risk factors, nor can the companies assess the impact of all such risk factors on their respective businesses or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. Given these risks and uncertainties, you should not place undue reliance on forward-looking statements as a prediction of actual results. Moreover, reported results should not be considered an indication of future performance.

Company Contact:
David Weinberg
Chief Operating Officer
John Vandemore
Chief Financial Officer
SKECHERS USA, Inc.
(310) 318-3100
or
Investor Relations:
Andrew Greenebaum
Addo Investor Relations
(310) 829-5400
or
Press:
Jennifer Clay
Vice President, Corporate Communications
SKECHERS USA, Inc.
(310) 318-3100

SKECHERS USA, Inc. to Report Second Quarter 2018 Financial Results on Thursday, July 19th

by Zach | Jul 11, 2018 | Press Release

Jul 11, 2018 • 9:00 am EDT

MANHATTAN BEACH, Calif.–(BUSINESS WIRE)– SKECHERS USA, Inc. (NYSE: SKX), a global leader in lifestyle and performance footwear, today announced that it will release its second quarter 2018 financial results after market close on Thursday, July 19, 2018. A conference call will be held the same day at 1:30 p.m. PT / 4:30 p.m. ET. Participating on the call will be David Weinberg, Chief Operating Officer, and John Vandemore, Chief Financial Officer.

The call can be accessed on the Investor Relations section of the Company’s website at www.skx.com. For those unable to participate during the live broadcast, a replay will be available beginning July 19, 2018, at 7:30 p.m. ET, through August 2, 2018, at 11:59 p.m. ET. To access the replay, dial 844-512-2921 (U.S.) or 412-317-6671 (International) and use passcode: 13681233

About SKECHERS USA, Inc.

SKECHERS USA, Inc., based in Manhattan Beach, California, designs, develops and markets a diverse range of lifestyle footwear for men, women and children, as well as performance footwear for men and women. SKECHERS footwear is available in the United States and over 170 countries and territories worldwide via department and specialty stores, 2,651 SKECHERS Company-owned and third-party-owned retail stores, and the Company’s e-commerce websites. The Company manages its international business through a network of global distributors, joint venture partners in Asia and the Middle East, and wholly-owned subsidiaries in Canada, Japan, throughout Europe and Latin America. For more information, please visit skechers.com and follow us on Facebook (facebook.com/SKECHERS) and Twitter (twitter.com/SKECHERSUSA).

Investor Relations:
Addo Investor Relations
Andrew Greenebaum, 310-829-5400
[email protected]

Skechers GO GOLF® Elite Athlete Russell Knox Wins Dubai Duty Free Irish Open

by Zach | Jul 10, 2018 | Press Release

Jul 10, 2018 • 5:00 am EDT

Victory Secured with Back-to-Back 40-foot Putts

MANHATTAN BEACH, Calif.–(BUSINESS WIRE)– SKECHERS USA, Inc. (NYSE:SKX) celebrates Scottish golf pro Russell Knox’s stunning finish at the Dubai Duty Free Irish Open on July 8, 2018, at Ballyliffin Golf Club in Ireland. Competing in Skechers GO GOLF, Knox holed incredible 40-foot putts on both the final hole of regulation and again in the sudden death playoff to secure the win—his second career victory on the European Tour. This success launches him to 8th in the European Ryder Cup standings leading up to this week’s Scottish Open.

Skechers GO GOLF® elite athlete, Russell Knox, wins the Dubai Duty Free Irish Open. (Photo: Business Wire)

“To say this win feels amazing is an understatement—as players we dream about this kind of finish our entire career,” says Knox, who joined the Skechers elite golf team in 2016. “Many factors helped with my win, but there must be a reason they call the shoes I wear Skechers GO GOLF Focus 2™. I was able to stay grounded and concentrated on my game as the adrenaline was pumping on those last holes.”

“We’re proud to be part of Russell’s remarkable win in Ireland that was made all the more exciting with the dramatic ending which will have people talking for a very long time,” says Michael Greenberg, president of Skechers. “Russell has been an amazing asset for driving awareness and excitement for the Skechers GO GOLF collection throughout Europe and for golf fans around the globe. We love that he’s illustrating how easy it is to keep focused on the game while wearing our footwear.”

A pro since 2007, Russell Knox earned his first full PGA Tour card after winning the Chiquita Classic on the Nationwide Tour in 2011. Always determined to succeed and never give up, the Scotsman flirted with a breakthrough year for a few seasons before finding his footing with a strong start to the 2014 season and playoff finish at the Honda Classic. Coming off his November 2015 victory and first PGA Tour win at the WGC HSBC Champions in Shanghai, a rapid ascent up the Official World Golf Rankings led to Knox becoming a major contender on the 2016 Tour when he broke top 5 in the FedEx Cup standings for the first time.

The roster of elite golfers wearing Skechers GO GOLF also includes Matt Kuchar, Colin Montgomerie, Brooke Henderson, Wesley Bryan, Belén Mozo and Billy Andrade.

Known for its lightweight, high quality, stable and comfortable designs, Skechers GO GOLF has achieved prominence within the golf category, alongside the brand’s award-winning running, walking and training collections. The Skechers GO GOLF apparel line offers athletes comfort and freedom of movement through a wide assortment of styles constructed with innovative moisture-wicking fabrics in a variety of colors for both men and women.

Skechers GO GOLF is available at Skechers retail stores and skechers.com as well as select retail partners including specialty golf pro shops.

About Skechers USA, Inc.

SKECHERS USA, Inc., based in Manhattan Beach, California, designs, develops and markets a diverse range of lifestyle footwear for men, women and children, as well as performance footwear for men and women. SKECHERS footwear is available in the United States and over 170 countries and territories worldwide via department and specialty stores, 2,651 SKECHERS Company-owned and third-party-owned retail stores, and the Company’s e-commerce websites. The Company manages its international business through a network of global distributors, joint venture partners in Asia and the Middle East, and wholly-owned subsidiaries in Canada, Japan, throughout Europe and Latin America. For more information, please visit skechers.com and follow us on Facebook (facebook.com/SKECHERS) and Twitter (twitter.com/SKECHERSUSA).

This announcement contains forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, Skechers’ future domestic and international growth, financial results and operations including expected net sales and earnings, its development of new products, future demand for its products, its planned domestic and international expansion, opening of new stores and additional expenditures, and advertising and marketing initiatives. Forward-looking statements can be identified by the use of forward-looking language such as “believe,” “anticipate,” “expect,” “estimate,” “intend,” “plan,” “project,” “will be,” “will continue,” “will result,” “could,” “may,” “might,” or any variations of such words with similar meanings. Any such statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected in forward-looking statements. Factors that might cause or contribute to such differences include international economic, political and market conditions including the challenging consumer retail markets in the United States; sustaining, managing and forecasting costs and proper inventory levels; losing any significant customers; decreased demand by industry retailers and cancellation of order commitments due to the lack of popularity of particular designs and/or categories of products; maintaining brand image and intense competition among sellers of footwear for consumers, especially in the highly competitive performance footwear market; anticipating, identifying, interpreting or forecasting changes in fashion trends, consumer demand for the products and the various market factors described above; sales levels during the spring, back-to-school and holiday selling seasons; and other factors referenced or incorporated by reference in Skechers’ annual report on Form 10-K for the year ended December 31, 2017 and its quarterly report on Form 10-Q for the three months ended March 31, 2018. The risks included here are not exhaustive. Skechers operates in a very competitive and rapidly changing environment. New risks emerge from time to time and the companies cannot predict all such risk factors, nor can the companies assess the impact of all such risk factors on their respective businesses or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. Given these risks and uncertainties, you should not place undue reliance on forward-looking statements as a prediction of actual results. Moreover, reported results should not be considered an indication of future performance.

Skechers
Jennifer Clay, (310) 937-1326
[email protected]