by Zach | Apr 24, 2025 | Press Release
Apr 24, 2025 • 4:05 pm EDT
LOS ANGELES–(BUSINESS WIRE)–
Skechers U.S.A., Inc. (“Skechers” or the “Company”) (NYSE:SKX), The Comfort Technology Company® and a global footwear leader, today announced financial results for the first quarter ended March 31, 2025.
First Quarter 2025 Highlights
“For the first quarter, we delivered record quarterly sales of $2.41 billion, reflecting strong global demand across both our wholesale and direct-to-consumer segments with international sales representing 65% of our business,” began David Weinberg, Chief Operating Officer of Skechers. “Sales by region increased 14% in EMEA and 8% in the Americas. In APAC, sales decreased 3%; however, when excluding China, sales increased 12%. We believe Skechers has significant growth opportunities in China, and we will continue to invest in product, marketing and infrastructure to expand and support our presence. At the core of our success is our diverse offering of comfort technology products available at accessible prices across a variety of distribution channels. We remain focused on innovation within our established and successful lifestyle collections, growing our high-performance footwear offering, and investing in brand demand creation as we continue to drive future growth globally.”
“For more than thirty years, our focus on comfort, innovation, style and quality at an affordable price has been the cornerstone of our success,” began Robert Greenberg, Chief Executive Officer of Skechers. “Our record first quarter sales are a testament to the resilience of our brand as we continue to see broad-based global demand. We believe our distinct value proposition will be even more vital as consumers navigate the current economic volatility. With new product developments featuring our Hands Free Slip-ins technology, we have an even stronger and more diverse offering for men, women and kids that meet the needs and interests of consumers. Our innovative features are highlighted through fresh global marketing campaigns featuring celebrities like Howie Mandel and Martha Stewart, as well as tailored regional approaches for China, Japan, across Europe, and other key markets. Elite athletes, including Julius Randle, Clayton Kershaw, Brooke Henderson and Harry Kane, are endorsing our technical performance footwear, attesting to its Comfort that Performs on courts, pitches, and beyond. Key opinion leaders and influencers at all levels across continents are advocating for the comfort and convenience of Skechers footwear. With the flexibility and determination of the entire Skechers organization, we will continue to innovate and deliver best-in-class footwear around the world.”
First Quarter 2025 Financial Results
Three Months Ended March 31,
Change
(in millions, except per share data)
2025
2024
$
%
Sales
$
2,411.6
$
2,251.6
160.0
7.1
Gross profit
1,254.4
1,181.6
72.8
6.2
Gross margin
52.0
%
52.5
%
(50) bps
Operating expenses
989.2
882.8
106.4
12.1
As a % of sales
41.0
%
39.2
%
180 bps
Earnings from operations
265.1
298.8
(33.7)
(11.3)
Operating margin
11.0
%
13.3
%
(230) bps
Net earnings attributable to Skechers U.S.A., Inc.
202.4
206.6
(4.2)
(2.0)
Diluted earnings per share
$
1.34
$
1.33
0.01
0.8
First quarter sales increased 7.1%, as a result of a 7.2% increase internationally and a 6.9% increase domestically. Wholesale increased 7.8% and Direct-to-Consumer increased 6.0%. On a constant currency basis, sales increased 9.0%.
Wholesale sales grew $110.5 million, or 7.8%, including increases in EMEA of 13.0% and AMER of 7.3%, partially offset by a decrease in APAC of 0.6%. Wholesale volume increased 9.1% and average selling price declined 1.3%.
Direct-to-Consumer sales grew $49.5 million, or 6.0%, including increases in AMER of 9.8% and EMEA of 21.7%, partially offset by a decrease in APAC of 4.4%. Direct-to-Consumer volume increased 6.3% and average selling price declined 0.3%.
Gross margin was 52.0%, a decrease of 50 basis points, due to lower average selling prices.
Operating expenses increased $106.4 million, or 12.1%, and as a percentage of sales increased 180 basis points to 41.0%. Selling expenses increased $28.6 million or 18.3%, and as a percentage of sales increased 70 basis points to 7.7%, primarily due to higher global demand creation expenditures. General and administrative expenses increased $77.8 million or 10.7%, and as a percentage of sales increased 110 basis points to 33.3%, primarily driven by labor and facility costs, including rent and depreciation.
Earnings from operations decreased $33.7 million, or 11.3%, to $265.1 million.
Net earnings attributable to Skechers were $202.4 million and diluted earnings per share were $1.34, compared with prior year net earnings of $206.6 million and diluted earnings per share of $1.33. The current quarter included a favorable impact due to foreign currency exchange rates of $0.17 per share.
In the first quarter, the Company’s effective income tax rate was 22.3%. The increase from 19.0% in the prior year was due to global minimum tax rules that are effective for fiscal 2025, partially offset by lower earnings in higher tax jurisdictions.
“Our first quarter results reflect the continued strength of our business across the globe, a testament to our brand, the appeal of our innovative comfort technologies and distinctive value offering across our product portfolio,” stated John Vandemore, Chief Financial Officer. “We remain confident in our ability to navigate the current market challenges, and know that our proven track record of managing this globally diverse brand with a unique and compelling product portfolio focused on delivering style, comfort, quality and innovation at a reasonable price will enable Skechers to endure and likely thrive during this time.”
Balance Sheet
Cash, cash equivalents and investments totaled $1.24 billion, a decrease of $143.5 million, or 10.4% from December 31, 2024, due to working capital changes and $147.1 million of capital expenditures, partially offset by earnings.
Inventory was $1.77 billion, a decrease of $145.6 million, or 7.6% from December 31, 2024.
Outlook
Due to macroeconomic uncertainty stemming from global trade policies, the Company is not providing financial guidance at this time and is withdrawing the annual 2025 guidance provided in our earnings release on February 6, 2025.
Store Count
Number of Stores
December 31, 2024
Opened
Closed
March 31, 2025
Domestic stores
610
13
(5
)
618
International stores
1,177
38
(12
)
1,203
Distributor, licensee and franchise stores
3,509
50
(62
)
3,497
Total Skechers stores
5,296
101
(79
)
5,318
First Quarter 2025 Conference Call
The Company will host a conference call at 4:30 p.m. ET / 1:30 p.m. PT on April 24, 2025 to discuss its first quarter 2025 financial results. The call can be accessed on the Investor Relations section of the Company’s website at investors.skechers.com. For those unable to participate during the live broadcast, a replay will be available beginning April 24, 2025, at 7:30 p.m. ET, through May 8, 2025, at 11:59 p.m. ET. To access the replay, dial 844-512-2921 (U.S.) or 412-317-6671 (International) and use passcode: 13752653.
About Skechers U.S.A., Inc.
Skechers (NYSE:SKX), The Comfort Technology Company® based in Southern California, designs, develops and markets a diverse range of lifestyle and performance footwear, apparel and accessories for men, women and children. The Company’s collections are available in approximately 180 countries and territories through department and specialty stores, and direct to consumers through skechers.com and more than 5,300 Skechers retail stores. A Fortune 500® company, Skechers manages its international business through a network of wholly-owned subsidiaries, joint venture partners, and distributors. For more information, please visit about.skechers.com and follow us on Facebook, Instagram and TikTok.
Reference in this press release to “Sales” refers to Skechers’ net sales reported under GAAP. This announcement contains forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements may 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,” “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 the disruption of business and operations due to delays or disruptions in our supply chain; international economic, political and market conditions including the effects of inflation, tariffs, and foreign currency exchange rate fluctuations around the world, the challenging consumer retail markets in the United States and the impact of wars, acts of war and other conflicts around the world; 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, 2024. Taking these and other risk factors into consideration, the dynamic nature of these circumstances means that what is stated in this press release could change at any time, and as a result, actual results could differ materially from those contemplated by such forward-looking statements. 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 we cannot predict all such risk factors, nor can we assess the impact of all such risk factors on our business 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 U.S.A., INC. AND SUBSIDIARIES
Condensed Consolidated Balance Sheets
(Unaudited)
(in thousands)
As of
March 31, 2025
As of
December 31, 2024
ASSETS
Current assets
Cash and cash equivalents
$
993,091
$
1,116,516
Short-term investments
107,614
118,470
Trade accounts receivable, net
1,259,943
990,558
Other receivables
103,603
98,499
Inventory
1,773,799
1,919,386
Prepaid expenses and other
231,803
205,994
Total current assets
4,469,853
4,449,423
Property, plant and equipment, net
1,937,601
1,834,930
Operating lease right-of-use assets
1,447,743
1,363,596
Deferred tax assets
436,702
440,358
Long-term investments
137,446
146,687
Goodwill
96,347
94,494
Other assets, net
127,823
126,270
Total non-current assets
4,183,662
4,006,335
TOTAL ASSETS
$
8,653,515
$
8,455,758
LIABILITIES, REDEEMABLE NONCONTROLLING INTEREST AND STOCKHOLDERS’ EQUITY
Current liabilities
Accounts payable
$
977,367
$
1,241,838
Accrued expenses
314,479
330,251
Operating lease liabilities
309,339
297,926
Current installments of long-term borrowings
333,325
353,131
Short-term borrowings
168,478
33,338
Total current liabilities
2,102,988
2,256,484
Long-term operating lease liabilities
1,253,313
1,176,290
Long-term borrowings
82,431
68,450
Deferred tax liabilities
10,744
11,148
Other long-term liabilities
124,425
123,122
Total non-current liabilities
1,470,913
1,379,010
Total liabilities
3,573,901
3,635,494
Redeemable noncontrolling interest
92,882
90,099
Stockholders’ equity
Preferred Stock
—
—
Class A Common Stock
130
130
Class B Common Stock
19
19
Additional paid-in capital
19,969
12,170
Accumulated other comprehensive loss
(146,564
)
(171,221
)
Retained earnings
4,638,637
4,436,201
Skechers U.S.A., Inc. equity
4,512,191
4,277,299
Noncontrolling interests
474,541
452,866
Total stockholders’ equity
4,986,732
4,730,165
TOTAL LIABILITIES, REDEEMABLE NONCONTROLLING INTEREST AND STOCKHOLDERS’ EQUITY
$
8,653,515
$
8,455,758
SKECHERS U.S.A., INC. AND SUBSIDIARIES
Condensed Consolidated Statements of Earnings
(Unaudited)
Three Months Ended March 31,
(in thousands, except per share data)
2025
2024
Sales
$
2,411,571
$
2,251,587
Cost of sales
1,157,197
1,069,953
Gross profit
1,254,374
1,181,634
Operating expenses
Selling
185,073
156,501
General and administrative
804,176
726,335
Total operating expenses
989,249
882,836
Earnings from operations
265,125
298,798
Other income (expense)
24,530
(2,050
)
Earnings before income taxes
289,655
296,748
Income tax expense
64,583
56,370
Net earnings
225,072
240,378
Less: Net earnings attributable to noncontrolling interests and
redeemable noncontrolling interest
22,636
33,756
Net earnings attributable to Skechers U.S.A., Inc.
$
202,436
$
206,622
Net earnings per share attributable to Skechers U.S.A., Inc.
Basic
$
1.35
$
1.35
Diluted
$
1.34
$
1.33
Weighted-average shares used in calculating net earnings per share
attributable to Skechers U.S.A., Inc.
Basic
149,411
152,918
Diluted
151,495
155,119
SKECHERS U.S.A., INC. AND SUBSIDIARIES
Supplemental Financial Information
(Unaudited)
Segment Information
Three Months Ended March 31,
Change
(in millions)
2025
2024
$
%
Wholesale sales
$
1,532.2
$
1,421.7
110.5
7.8
Cost of sales
857.0
785.7
71.3
9.1
Gross profit
675.2
636.0
39.2
6.2
Gross margin
44.1
%
44.7
%
(70) bps
Direct-to-Consumer sales
$
879.4
$
829.9
49.5
6.0
Cost of sales
300.2
284.3
15.9
5.6
Gross profit
579.2
545.6
33.6
6.2
Gross margin
65.9
%
65.7
%
10 bps
Total sales
$
2,411.6
$
2,251.6
160.0
7.1
Cost of sales
1,157.2
1,070.0
87.2
8.2
Gross profit
1,254.4
1,181.6
72.8
6.2
Gross margin
52.0
%
52.5
%
(50) bps
Additional Sales Information
Three Months Ended March 31,
Change
(in millions)
2025
2024
$
%
Geographic sales
Domestic
Wholesale
$
496.2
$
476.0
20.2
4.2
Direct-to-Consumer
357.5
322.8
34.7
10.7
Total domestic sales
853.7
798.8
54.9
6.9
International
Wholesale
1,036.0
945.7
90.3
9.5
Direct-to-Consumer
521.9
507.1
14.8
2.9
Total international sales
1,557.9
1,452.8
105.1
7.2
Total sales
$
2,411.6
$
2,251.6
160.0
7.1
Regional sales
Americas (AMER)
$
1,104.4
$
1,019.5
84.9
8.3
Europe, Middle East & Africa (EMEA)
718.2
627.6
90.6
14.4
Asia Pacific (APAC)
589.0
604.5
(15.5
)
(2.6
)
Total sales
$
2,411.6
$
2,251.6
160.0
7.1
China sales
$
268.7
$
319.5
(50.8
)
(15.9
)
Distributor sales
$
136.0
$
125.9
10.1
8.0
SKECHERS U.S.A., INC. AND SUBSIDIARIES
Reconciliation of GAAP Earnings Financial Measures to Corresponding Non-GAAP Financial Measures
(Unaudited)
Constant Currency Adjustment (Non-GAAP Financial Measure)
We evaluate our results of operations on both an as reported and a constant currency basis. The constant currency presentation, which is a non-GAAP measure, excludes the impact of period-over-period fluctuations in foreign currency exchange rates. We believe providing constant currency information provides valuable supplemental information regarding our results of operations, thereby facilitating period-to-period comparisons of our business performance and is consistent with how management evaluates the Company’s performance. We calculate constant currency percentages by converting our current period local currency financial results using the prior-period exchange rates and comparing these adjusted amounts to our prior period reported results.
Three Months Ended March 31,
2025
2024
Change
(in millions, except per share data)
Reported GAAP Measure
Constant Currency Adjustment
Adjusted for Non-GAAP Measures
Reported GAAP Measure
$
%
Sales
$
2,411.6
$
43.4
$
2,455.0
$
2,251.6
$
203.4
9.0
Cost of sales
1,157.2
26.2
1,183.4
1,070.0
113.4
10.6
Gross profit
1,254.4
17.2
1,271.6
1,181.6
90.0
7.6
Operating expenses
989.2
14.4
1,003.6
882.8
120.8
13.7
Earnings from operations
265.1
2.9
268.0
298.8
(30.8
)
(10.3
)
Other income (expense)
24.5
(26.8
)
(2.3
)
(2.0
)
(0.3
)
(8.2
)
Income tax expense
64.6
—
64.6
56.4
8.2
14.6
Less: Noncontrolling interests and redeemable noncontrolling interest
22.6
0.6
23.2
33.8
(10.6
)
(31.4
)
Net earnings attributable to Skechers U.S.A., Inc.
$
202.4
$
(24.5
)
$
177.9
$
206.6
$
(28.7
)
(13.9
)
Diluted earnings per share
$
1.34
$
(0.17
)
$
1.17
$
1.33
$
(0.16
)
(12.0
)
Note: Amounts may not foot due to rounding.
Investor Relations
Sonia Reback
Eunice Han
[email protected]
Press
Jennifer Clay
[email protected]
Source: Skechers U.S.A., Inc.
by Zach | Apr 9, 2025 | Press Release
Apr 9, 2025 • 8:00 am EDT
Two-Time Masters Champion Competing in Skechers GOLF Footwear in Return to Augusta
LOS ANGELES–(BUSINESS WIRE)– Golf legend and two-time Masters champion Bernhard Langer signs on with Skechers and will wear the brand’s golf footwear for his return to Augusta this weekend. The PGA Tour Champions and European Senior Tour pro is set to bring Comfort That Performs® to the course as he competes in the Skechers Blade featuring Skechers Hands Free Slip-ins® technology in a special colorway that celebrates the event.
Golf legend Bernhard Langer hits the fairway in Skechers GO GOLF Blade golf shoes.
Golf legend Bernhard Langer hits the fairway in Skechers GO GOLF Blade golf shoes.
“I’ve been playing golf for a long time and Skechers is the first brand I’ve worked with that really understands comfort on the course,” said Bernhard Langer. “Their Skechers Slip-ins technology was perfect to help me through my Achilles rehab over the last year. That easy-on and off hands-free design with all the cushioning has made it so easy to feel confident for my return to Augusta.”
“It’s a privilege for Skechers to be on the course in Augusta with Bernhard Langer—an icon who has so much history at this tournament,” added Michael Greenberg, president of Skechers. “We collaborate with pros on tour to ensure that our footwear has the performance and comfort they need to perform at their best. Bernhard’s inspiring comeback at age 67 illustrates how important feeling good is to overcoming adversity—something that any player can experience with Skechers golf shoes.”
The Skechers GO GOLF Blade that Bernhard Langer and fellow Skechers athlete Matt Fitzpatrick will wear at The Masters features Skechers Hands Free Slip-ins® technology. This waterproof design features lightweight and resilient ECOFLIGHT™ cushioning made with at least 10% recycled materials, a GRIPFLEX spikeless TPU outsole providing superior traction and stability, plus a high-performance Resamax® sockliner for all-day comfort on the course.
German golfer Bernhard Langer has been competing professionally since 1972 and has earned numerous accolades and more than 120 worldwide victories through a storied career spanning over 50 years. Langer holds the all-time record for most PGA Tour Champions wins at 47—including 12 Champions tour major victories and winning the Charles Schwab Cup six times. His 42 career wins on the European Tour rank 2nd all-time. Langer previously won The Masters twice—in 1985 and 1993—and will return to Augusta this year. He’s received various awards throughout his career including winning the Byron Nelson Award for PGA Tour Champions player of the year seven times and earning the prestigious Payne Stewart Award in 2018.
Langer joins a Skechers roster that includes golfers Matt Fitzpatrick and Brooke Henderson. Additional elite athletes around the world competing in Skechers Performance footwear includes basketball stars Julius Randle, Norman Powell, Terance Mann, Joel Embiid, Rickea Jackson and Kiki Iriafen; soccer players Harry Kane, Baris Alper Yilmaz, Isco Alarcón and Mohammed Kudus; pickleball pros Tyson McGuffin and Catherine Parenteau; cricket players Jasprit Bumrah, Ishan Kishan and Yastika Bhatia; and baseball players Clayton Kershaw and Aaron Nola, among others.
Skechers golf footwear is available globally at Skechers retail stores and skechers.com as well as select retail partners, including specialty golf pro shops.
About SKECHERS U.S.A., Inc.
Skechers (NYSE:SKX), The Comfort Technology Company® based in Southern California, designs, develops and markets a diverse range of lifestyle and performance footwear, apparel and accessories for men, women and children. The Company’s collections are available in 180 countries and territories through department and specialty stores, and direct to consumers through skechers.com and approximately 5,300 Skechers retail stores. A Fortune 500® company, Skechers manages its international business through a network of wholly-owned subsidiaries, joint venture partners, and distributors. For more information, please visit about.skechers.com and follow us on Facebook, Instagram and TikTok.
This announcement contains forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements may 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,” “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 the disruption of business and operations due to the COVID-19 pandemic; delays or disruptions in our supply chain; international economic, political and market conditions including the effects of inflation, tariffs and foreign currency exchange rate fluctuations around the world, the challenging consumer retail markets in the United States, and the impact of wars, acts of war and other conflicts around the world; 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, 2024 and its quarterly reports on Form 10-Q in 2025. Taking these and other risk factors associated with the COVID-19 pandemic into consideration, the dynamic nature of these circumstances means that what is stated in this press release could change at any time, and as a result, actual results could differ materially from those contemplated by such forward-looking statements. 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 we cannot predict all such risk factors, nor can we assess the impact of all such risk factors on our business 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.
Media Contact:
Jennifer Clay
SKECHERS U.S.A., Inc.
[email protected]
Alexia Parks
Skechers USA Ltd.
[email protected]
+44 (0) 1707 655 955
Kathrin Jäger
Skechers USA Deutschland
[email protected]
Source: SKECHERS U.S.A., Inc.
by Zach | Apr 3, 2025 | Press Release
Apr 3, 2025 • 7:00 am EDT
The Exclusive Skechers SKX_1.5 Design and Coordinated Apparel Celebrates Kane’s Career and Golden Boot-Winning Mentality
LONDON–(BUSINESS WIRE)–
Skechers honours one of the best strikers in football today with the arrival of Harry Kane’s first Player Edition boot. The Skechers SKX_1.5 signature style follows an incredible year where he earned the 2024 European Golden Boot as Europe’s best goalscorer and recently made history by becoming the first English player to score 10 goals in a Champions League campaign. The Bayern Munich star will debut the boots on the pitch tomorrow, April 4th, when his team faces FC Augsburg.
England men’s soccer captain and Bayern Munich striker, Harry Kane MBE, with the Harry Kane Player Edition SKX_1.5 Elite boot from Skechers Football.
England men’s soccer captain and Bayern Munich striker, Harry Kane MBE, with the Harry Kane Player Edition SKX_1.5 Elite boot from Skechers Football.
“It’s been my dream since childhood to have my own signature boot,” said Harry Kane. “I worked with the team at Skechers to make it personal, to make it a piece of my story. Every detail reflects what motivates me as a player—always wanting to improve and working hard to gain those plusses, those small percentages every day. I’m excited to share these boots. I hope people love them, feel confident when wearing them and appreciate the features that make these boots truly mine. Skechers Football has really delivered on comfort, too.”
“Harry Kane was the first elite player to wear Skechers Football boots and helped launch our football business, so it was always clear that our first Player Edition design would feature his signature,” added Greg Smith, VP of Product Development and Merchandising for Skechers Performance. “More than just a celebration of Harry’s athleticism and performance on the pitch, we’re recognizing his ability to inspire the next generation of athletes around the globe. Anyone at any age can lace up in this boot and work hard to make their dreams a reality all with the amazing comfort that only Skechers offers.”
Featuring Harry’s signature and embossed HK initials, the red and white colors are a nod to Harry’s current clubs—England and Bayern Munich—with gold detailing on the soleplate that recognizes Harry’s golden boot-winning mentality. Every plus symbol throughout the upper represents the extra effort that he gives every day to improve and work hard, adding up to a big difference. 36 of those plus symbols are in gold to recognize the 36 goals that Harry scored during his debut season with Bayern Munich to earn the Bundesliga’s Top Goal Scorer Prize.
This launch is accompanied by a coordinated signature Skechers x Harry Kane apparel collection releasing alongside the Player Edition boot in the European market. Developed closely with the athlete, the apparel follows the tone of the boots with the red, white and gold design. The collection includes a striker tee and shorts, icon graphic tee, off-pitch shorts, and a track top.
Having worn the Skechers SKX_1.5 Elite style in several colorways since signing with the brand, it made sense to transform Harry’s boot into his first-ever signature pair. The Harry Kane Player Edition boot will also be made available on Academy and Youth versions of the SKX_1.5 so that players of all ages can emulate their favorite star player. This boot is designed for striking the ball with a custom last meticulously crafted to optimize comfort and deliver a perfect fit for enhancing touch on the pitch.
The Skechers Football collection, including the Harry Kane Player Edition, is available at Skechers websites, select Skechers stores, as well as specialty football retailers around the world. Football fans can get behind-the-scenes access to Skechers Football product launches and more by following @skechersfootball on Instagram and TikTok.
About SKECHERS U.S.A., Inc. and Skechers USA Ltd.
Skechers USA Ltd. is a subsidiary of Skechers U.S.A., Inc. (NYSE:SKX), The Comfort Technology Company® based in Southern California. Skechers designs, develops and markets a diverse range of lifestyle and performance footwear, apparel and accessories for men, women and children. The Company’s collections are available in 180 countries and territories through department and specialty stores, and direct to consumers through skechers.com and approximately 5,300 Skechers retail stores. A Fortune 500® company, Skechers manages its international business through a network of wholly-owned subsidiaries, joint venture partners, and distributors. For more information, please visit about.skechers.com and follow us on Facebook, Instagram and TikTok.
This announcement contains forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements may 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,” “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 the disruption of business and operations due to the COVID-19 pandemic; delays or disruptions in our supply chain; international economic, political and market conditions including the effects of inflation, tariffs and foreign currency exchange rate fluctuations around the world, the challenging consumer retail markets in the United States, and the impact of wars, acts of war and other conflicts around the world; 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, 2024 and its quarterly reports on Form 10-Q in 2025. Taking these and other risk factors associated with the COVID-19 pandemic into consideration, the dynamic nature of these circumstances means that what is stated in this press release could change at any time, and as a result, actual results could differ materially from those contemplated by such forward-looking statements. 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 we cannot predict all such risk factors, nor can we assess the impact of all such risk factors on our business 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.
Media Contacts:
Jennifer Clay
SKECHERS U.S.A., Inc.
[email protected]
Alexia Parks
Skechers USA Ltd.
[email protected]
+44 (0) 1707 655 955
Miguel Koch
Skechers USA Deutschland
[email protected]
Source: Skechers U.S.A., Inc.
by Zach | Apr 2, 2025 | Press Release
Apr 2, 2025 • 12:00 pm EDT
USC Forward is First College Star to Join Team Skechers
LOS ANGELES–(BUSINESS WIRE)–
Skechers expands its basketball roster by signing University of Southern California forward Kiki Iriafen ahead of the 2025 WNBA draft. Expected to be a top draft pick in this year’s draft as she pursues a master’s degree at the USC Marshall School of Business, the elite athlete will play in Skechers Basketball footwear after entering the pros and appear in the performance brand’s global marketing campaigns.
USC forward Kiki Iriafen is ready to hit the court in Skechers basketball shoes.
USC forward Kiki Iriafen is ready to hit the court in Skechers basketball shoes.
“This partnership is about more than just basketball. Skechers understands who I am on and off the court and what I need to be at my best,” said Kiki Iriafen, who will play in the SKX NEXUS™. “I love that the brand is based in my hometown of L.A., and has the global reach to help me inspire and impact more female athletes worldwide to pursue their dreams. Skechers does comfort better than any other brand I’ve experienced, which gives me confidence to have them as my teammate as I enter into this next chapter of my life.”
“After two years on the court in the NBA and WNBA, it’s a big moment for Skechers Basketball to sign Kiki, our first college player, and embark on the journey with her as she begins her professional career,” said Michael Greenberg, president of Skechers. “Kiki is a rising star with a bright future in the league. We look forward to supporting her from the draft through her first season and beyond. As the second woman on our basketball roster, she also furthers our mission to engage with female athletes around the world so that more players everywhere experience the signature Comfort That Performs of Skechers.”
Okikiola “Kiki” Iriafen gained national attention at Harvard-Westlake School in Los Angeles where she set school records for points and rebounds and was named a McDonald’s All-American in 2021 and rated a five-star recruit by ESPN. Her collegiate career started at Stanford where she was named to the Pac-12 All-Freshman team by the media in 2022 and later earned Pac-12 Most Improved Player of the Year and All-Pac-12 Team in 2024. That year she also received the Katrina McClain Award, presented to the best power forward in NCAA women’s basketball. After earning an engineering degree from Stanford in 2024, Iriafen transferred to USC as a graduate student for her final year of college eligibility. She was recently named to the first team All-Big Ten ahead of the 2025 NCAA women’s basketball tournament where USC entered as a #1 seed. Iriafen is averaging 18.6 PPG and 8.5 RPG for USC this season and will soon begin her pro career with the WNBA draft on April 14 in New York.
Perfect for players who desire a fast and responsive court-feel, the SKX NEXUS™ worn by Iriafen is a low-top court shoe designed for speed, stability and support. Offering exceptional comfort with resilient Skechers Move Foam™, every pair features a breathable mesh upper, lockdown ankle support in the heel, and Goodyear® rubber with a torsion-plate to amplify traction for quick cuts on the court. The style joins an innovative Skechers Basketball collection that includes the lightweight SKX Resagrip™ with advanced cushioning, the SKX Float™ for exceptional stability and control, and the SKX Reign™ that promotes elevation and intense traction.
Iriafen joins a Skechers roster that includes WNBA star Rickea Jackson, along with NBA stars Joel Embiid, Julius Randle, Norman Powell, Jabari Walker, Josh Green, and Terance Mann. Additional elite athletes around the world competing in Skechers Performance footwear includes golfers Matt Fitzpatrick and Brooke Henderson; soccer players Harry Kane, Baris Alper Yilmaz and Mohammed Kudus; pickleball pros Tyson McGuffin and Catherine Parenteau; and baseball players Clayton Kershaw and Aaron Nola, among others.
Skechers Basketball footwear is available at skechersbasketball.com and select Skechers retail stores. Basketball fans can get behind-the-scenes access to Skechers Basketball product launches and more by following @skechersbasketball on Instagram and TikTok.
About Skechers U.S.A., Inc.
Skechers (NYSE:SKX), The Comfort Technology Company® based in Southern California, designs, develops and markets a diverse range of lifestyle and performance footwear, apparel and accessories for men, women and children. The Company’s collections are available in 180 countries and territories through department and specialty stores, and direct to consumers through skechers.com and approximately 5,300 Skechers retail stores. A Fortune 500® company, Skechers manages its international business through a network of wholly-owned subsidiaries, joint venture partners, and distributors. For more information, please visit about.skechers.com and follow us on Facebook, Instagram and TikTok.
About The Goodyear Tire & Rubber Company
Goodyear is one of the world’s largest tire companies. It employs about 68,000 people and manufactures its products in 53 facilities in 20 countries around the world. Its two Innovation Centers in Akron, Ohio, and Colmar-Berg, Luxembourg, strive to develop state-of-the-art products and services that set the technology and performance standard for the industry. For more information about Goodyear and its products, go to www.goodyear.com/corporate.
This announcement contains forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements may 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,” “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 the disruption of business and operations due to the COVID-19 pandemic; delays or disruptions in our supply chain; international economic, political and market conditions including the effects of inflation, tariffs and foreign currency exchange rate fluctuations around the world, the challenging consumer retail markets in the United States, and the impact of wars, acts of war and other conflicts around the world; 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, 2024 and its quarterly reports on Form 10-Q in 2025. Taking these and other risk factors associated with the COVID-19 pandemic into consideration, the dynamic nature of these circumstances means that what is stated in this press release could change at any time, and as a result, actual results could differ materially from those contemplated by such forward-looking statements. 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 we cannot predict all such risk factors, nor can we assess the impact of all such risk factors on our business 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.
Media Contact:
Jennifer Clay
Skechers U.S.A., Inc.
[email protected]
Source: Skechers U.S.A., Inc.
by Zach | Apr 1, 2025 | Press Release
Apr 1, 2025 • 3:00 am EDT
The Star Player is Competing in Skechers Football Boots
MADRID–(BUSINESS WIRE)–
Skechers Football continues building its world-class roster by signing the brand’s first elite Spanish female player—Misa Rodríguez, goalkeeper for Real Madrid CF and a member of the championship-winning 2023 Spanish National Team. Rodríguez, who has been playing in Skechers Football boots since last year, will also appear in marketing campaigns as an ambassador for the brand.
Real Madrid goalkeeper Misa Rodríguez signs with Skechers and competes in Skechers SKX_1.5 Elite boots.
Real Madrid goalkeeper Misa Rodríguez signs with Skechers and competes in Skechers SKX_1.5 Elite boots.
“I am honored to be the first Spanish female football player to represent this brand, which is growing and will be one of the best in the world of football in a short time due to the comfort and quality of the boots and its brand in general,” said Misa Rodríguez, who competes in the Skechers SKX_1.5 Elite boot.
“We are very proud to have a player like Misa in the Skechers Football family, who, among many characteristics, stands out for her confidence, leadership, strength, and precision,” explains Txerra Díaz, Country Manager of Skechers. “We continue to strengthen our position in the sport with a product of exceptional quality, already recognized for offering a technicality and comfort that allow for better and greater performance on the field.”
Misa Rodríguez is a world-class goalkeeper, recognized for her brilliant career in Spanish football and international competitions. Throughout her career, she has worn the jerseys of Club Atlético de Madrid, Real Club Deportivo de La Coruña and Real Madrid, her current team. As for the National Team, her official debut was in 2021, and in 2023, she was part of the team that became World Cup champions. Her ability in goal has made Misa go from being a promising young player to one of the great goalkeepers of her generation.
With this signing, Misa Rodríguez joins the family of Spanish players who are already part of the Skechers Football team, such as Isco Alarcón from Real Betis B alompié, Iker Losada from Celta de Vigo, Antonio Sánchez from Real Mallorca, and Pere Milla from Espanyol, among others.
Skechers Football has three Elite models for men and women in a range of colorways including in the recently launched Electrum Pack. The Skechers Razor is a lightweight speed boot with an explosive track-inspired design to maximize acceleration and energy return. It features a carbon-infused soleplate for responsive power and agility during play. The SKX_1.5 is ideal for striking the ball with a custom last meticulously crafted to optimize comfort and deliver a perfect fit for enhancing touch on the field. Both boots are available in a standard low-profile version and the SKX_1.5 is also available in a high-top version.
The new Skechers Electrum Pack is also available in a range of Academy boots, perfect for all levels of play, as well as boots for kids. Both ranges are available in additional colorways with options for both playing on firm ground and turf pitches.
Skechers Football launched at the start of the 2023/24 season when the brand signed Bayern Munich striker Harry Kane as the first pro to compete in the boot. In addition to the brand’s athletes in Spain, the Skechers elite football roster includes winger Baris Alper Yilmaz from the Turkey National Team, West Ham United and Ghana National Team winger Mohammed Kudus, Arsenal and Ukrainian National Team defender Oleksandr Zinchenko, and Nottingham Forest and Swedish National Team forward Anthony Elanga, as well as additional men’s and women’s professional athletes globally.
Beyond football, the Skechers team of elite athletes competing in the brand’s performance footwear includes basketball stars Joel Embiid, Julius Randle, Terance Mann, Norman Powell, and Rickea Jackson; golfers Matt Fitzpatrick and Brooke Henderson; pickleball pros Tyson McGuffin and Catherine Parenteau; and Major League Baseball players Clayton Kershaw and Aaron Nola, among others.
The Skechers Football collection is available at Skechers websites, select Skechers retail stores, as well as specialty football retailers worldwide such as Fútbol Emotion in Spain. Football fans can get behind-the-scenes access to Skechers Football product launches and more by following @skechersfootball on Instagram and TikTok.
About Skechers USA Iberia, S.L. and SKECHERS U.S.A., Inc.
Skechers USA Iberia, S.L. is a subsidiary of Skechers U.S.A., Inc. (NYSE:SKX), The Comfort Technology Company® based in Southern California. Skechers designs, develops, and markets a diverse range of lifestyle and performance footwear, apparel, and accessories for men, women, and children. The Company’s collections are available in 180 countries and territories through department and specialty stores and direct to consumers through skechers.com and approximately 5,300 Skechers retail stores. A Fortune 500® company, Skechers manages its international business through a network of wholly-owned subsidiaries, joint venture partners, and distributors. For more information, please visit about.skechers.com and follow us on Facebook, Instagram, X, and YouTube.
This announcement contains forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements may 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, the 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,” “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 the disruption of business and operations due to the COVID-19 pandemic; delays or disruptions in our supply chain; international economic, political and market conditions including the effects of inflation, tariffs and foreign currency exchange rate fluctuations around the world, the challenging consumer retail markets in the United States, and the impact of wars, acts of war and other conflicts around the world; 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, 2024 and its quarterly reports on Form 10-Q in 2025. Taking these and other risk factors associated with the COVID-19 pandemic into consideration, the dynamic nature of these circumstances means that what is stated in this press release could change at any time, and as a result, actual results could differ materially from those contemplated by such forward-looking statements. 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 we cannot predict all such risk factors, nor can we assess the impact of all such risk factors on our business 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.
Press Contact:
NOHO COMUNICACIÓN
Beatriz Lombana
( [email protected] )
91 534 30 90
Source: Skechers USA Iberia, S.L.
by Zach | Mar 27, 2025 | Press Release
Mar 27, 2025 • 4:05 pm EDT
LOS ANGELES–(BUSINESS WIRE)–
Skechers USA, Inc. (NYSE: SKX), a global footwear leader, today announced that the Company will release its first quarter 2025 financial results after market close on Thursday, April 24, 2025. Following the press release, David Weinberg, Chief Operating Officer, and John Vandemore, Chief Financial Officer, will review the results during a conference call at approximately 4:30 p.m. ET / 1:30 p.m. PT.
The conference call will be broadcast live over the Internet and accessible on the Investor Relations section of the Company’s website at investors.skechers.com. For those unable to listen to the live broadcast, a replay will be available at the same location and archived on the site for one year.
About Skechers USA, Inc.
Skechers, The Comfort Technology Company® based in Southern California, designs, develops and markets a diverse range of lifestyle and performance footwear, apparel and accessories for men, women and children. The Company’s collections are available in approximately 180 countries and territories through third-party retailers, marketplaces, skechers.com, and approximately 5,300 Skechers retail stores. A Fortune 500® company, Skechers manages its international business through a network of wholly-owned subsidiaries, joint venture partners, and distributors. For more information, please visit about.skechers.com and follow us on Facebook, Instagram and TikTok.
Investor Relations
Sonia Reback
Eunice Han
[email protected]
Press
Jennifer Clay
[email protected]
Source: Skechers USA, Inc.