by | Aug 7, 2013 | Press Release
Aug 7, 2013 • 4:33 pm EDT
Annual Charity Event Supporting Children with Special Needs and Education Proves to be the Best in the South Bay
MANHATTAN BEACH, Calif.–(BUSINESS WIRE)– The SKECHERS Foundation announced today that the SKECHERS Pier to Pier Friendship Walk has been recognized by two separate entities for its achievements over the past four years. The Walk has raised more than $1.9 million to provide programs for children with Autism, Down Syndrome and other developmental disorders. The funds have also provided support for public education systems, affecting over 60,000 students.
Thousands of community members participate in the annual SKECHERS Pier to Pier Friendship Walk (Photo: Business Wire)
Southbay magazine awarded the walk with “Best Charity Event” as part of their 2013 Locals’ Choice Awards. With over 250 businesses nominated, the South Bay’s community of active readers and digital users gave the walk this prestigious honor. Southbay magazine features the walk in their summer issue on newsstands now through August. The popular magazine’s fall publication will also be featuring the friendships behind the walk, showcasing the children and teens who inspired the charity event.
SKECHERS Pier to Pier Friendship Walk was also nominated and awarded “Best Charity” by the Manhattan Beach Chamber of Commerce in its first annual “Best of Manhattan Beach Awards.” The inaugural awards dinner brought together community leaders to spotlight innovation and excellence while recognizing and honoring the best and brightest of Manhattan Beach.
“It’s remarkable to see the increase in participation and the overall effect that the SKECHERS Pier to Pier Friendship Walk has had on the lives of so many children and their families,” said Michael Greenberg, president of SKECHERS. “Children with special needs are no longer sitting on the sidelines and school programs are improving. I’m extremely grateful to our supporters and sponsors that have helped us do this great work. The continued commitment from this amazing community makes all the difference, and we look forward to another great event this year!”
The fifth annual SKECHERS Pier to Pier Friendship Walk will be held on October 27 at the Manhattan Beach Pier.
From the awards received, to the globally recognized sponsors such as Nickelodeon, Zappos.com, Ross, Foot Locker, Body Glove, Chevron, Marshalls, Wells Fargo and DirecTV, the SKECHERS Pier to Pier Friendship Walk has proven to be a success. The walk has helped retain vital educational curricula, maintained smaller class sizes, upgraded technology and preserved high-quality programs, as well as supported Friendship Circle (www.gotfriends.com) – an organization that nurtures, inspires and includes children and young adults with special needs and their families through friendships with teen volunteers, valuable programs and events in their community.
The efforts set forth, and the support from the community, sponsors, and walkers contribute to the many reasons why the SKECHERS Pier to Pier Friendship Walk has quickly become one of the largest and best charity events in the South Bay.
For more information about the SKECHERS Pier to Pier Friendship Walk, please visit www.skechersfriendshipwalk.com.
The Friendship Circle is a non-profit organization that assists children with special needs and their families through one-on-one peer mentoring and social recreational programming (www.gotfriends.com).
ABOUT SKECHERS Foundation
The SKECHERS Foundation was established to provide families around the world with the necessities and skills to succeed in life. In addition to producing the SKECHERS Pier to Pier Friendship Walk, the SKECHERS Foundation funds tax-exempt, 501(c)(3) nonprofit organizations that provide education and job training, shoes, clothing, fitness and nutrition guidance to communities in need.
ABOUT SKECHERS USA, Inc.
SKECHERS USA, Inc. (NYSE:SKX), based in Manhattan Beach, California, designs, develops and markets a diverse range of footwear for men, women and children under the SKECHERS name, as well as under several uniquely branded names. SKECHERS footwear is available in the United States via department and specialty stores, Company-owned SKECHERS retail stores and its e-commerce website, and over 100 countries and territories through the Company’s global network of distributors and subsidiaries in Canada, Brazil, Chile, and across Europe, as well as through joint ventures in Asia. For more information, please visit www.skechers.com, and follow us on Facebook (www.facebook.com/SKECHERS) and Twitter (twitter.com/SKECHERSUSA).
This announcement may contain forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate or simply state future results, performance or achievements, and 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 includethe resignation of SKECHERS’ former independent registered public accounting firm, and its withdrawal of its audit reports with respect to certain of SKECHERS’ historical financial statements; international, national and local general economic, political and market conditions including the ongoing global economic slowdown and market instability; entry into the highly competitive performance footwear market; 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; 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, 2012 and its quarterly report on Form 10-Q for the three months ended March 31, 2013. 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.
Stacey Kammerzell
310.318.3100
by | Jul 31, 2013 | Press Release
Jul 31, 2013 • 3:10 pm EDT
MANHATTAN BEACH, Calif.–(BUSINESS WIRE)– SKECHERS USA, Inc. (NYSE:SKX), today announced that its independent registered public accounting firm, BDO USA, LLP (“BDO”), has completed a re-audit of the Company’s consolidated financial statements for the fiscal years ended December 31, 2012 and 2011, and the attestation of the effectiveness of the Company’s internal control over financial reporting as of December 31, 2012 under Section 404 of the Sarbanes-Oxley Act of 2002, as amended (collectively, the “Re-audit”). No adjustments or changes were made to the Company’s consolidated financial statements or related notes for the fiscal years ended December 31, 2012 and 2011, except for updates with respect to subsequent events that related to certain litigation matters.
As previously announced, BDO was appointed as the Company’s new independent registered public accounting firm on April 24, 2013 following the resignation of KPMG LLP (“KPMG”) as its predecessor independent registered public accounting firm on April 8, 2013. The resignation of KPMG was due solely to the impairment of its independence resulting from its now former partner’s alleged unlawful activities. The resignation of KPMG was not related to the Company’s financial statements, its accounting practices, the integrity of the Company’s management, or for any other reason.
Following the completion of the Re-audit by BDO, the Company has filed an amended annual report on Form 10-K/A for the year ended December 31, 2012 with the U.S. Securities and Exchange Commission, which includes BDO’s audit reports relating to the Company’s consolidated financial statements as of and for the fiscal years ended December 31, 2012 and 2011 and a related financial statement schedule, and the effectiveness of the Company’s internal control over financial reporting as of December 31, 2012, which replace the corresponding audit reports of KPMG in the annual report on Form 10-K for the year ended December 31, 2012 that were withdrawn upon KPMG’s resignation subsequent to the filing.
“We are pleased that BDO’s thorough and efficient work has allowed for this transitional period to successfully conclude, and we can now focus on managing our global footwear business,” stated David Weinberg, Chief Operating Officer and Chief Financial Officer of Skechers.
ABOUT SKECHERS USA, INC.
SKECHERS USA, Inc., based in Manhattan Beach, California, designs, develops and markets a diverse range of footwear for men, women and children under the SKECHERS name. SKECHERS footwear is available in the United States through department and specialty stores, Company-owned SKECHERS retail stores and its e-commerce website, as well as in over 100 countries and territories through the Company’s global network of distributors and subsidiaries in Canada, Brazil, Chile, Japan, and across Europe, as well as through joint ventures in Asia. For more information, please visit www.skechers.com, and follow us on Facebook (www.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, the Company’s future financial results and operations, future demand for its products and its planned 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 the resignation of the Company’s former independent registered public accounting firm, and its withdrawal of its audit reports with respect to certain of the Company’s historical financial statements; international, national and local general economic, political and market conditions including the ongoing global economic slowdown and market instability; entry into the highly competitive performance footwear market; 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; 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, 2012, and its Form 10-Q for the quarter ended March 31, 2013. The risks included here are not exhaustive.The Company 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
or
Investor Relations:
Addo Communications
Andrew Greenebaum
(310) 829-5400
by | Jul 24, 2013 | Press Release
Jul 24, 2013 • 4:00 pm EDT
- Net Sales Increase 11.5 Percent to $428.2 Million
- Earnings from Operations of $17.2 Million
- Net Earnings of $7.1 Million
- Diluted Earnings Per Share of $0.14
MANHATTAN BEACH, Calif.–(BUSINESS WIRE)– SKECHERS USA, Inc. (NYSE:SKX), a global leader in lifestyle footwear, today announced financial results for the second quarter ended June 30, 2013.
Second quarter 2013 net sales were $428.2 million compared to $384.0 million for the second quarter of 2012. Gross profit for the second quarter of 2013 was $194.9 million or 45.5 percent of net sales compared to $171.3 million or 44.6 percent of net sales for the second quarter of last year. Earnings from operations for the second quarter of 2013 were $17.2 million versus a loss from operations of $1.5 million for the second quarter of 2012.
“The strong increase in second quarter sales is the result of double-digit gains in both our international wholesale and company-owned retail businesses as well as the single-digit improvements in our domestic wholesale division. Our 45.5 percent gross margins are the result of improvements in our company-owned retail stores and international subsidiary businesses combined with the expected decrease in international distributor sales, which carry lower gross margins,” began David Weinberg, chief operating officer and chief financial officer. “Further, the demand for our fresh product also resulted in a 16.5 percent increase in domestic and international comp store sales, a leading indicator of the underlying strength of our product offerings. We are particularly pleased with the growth given that Easter fell into the first quarter this year as opposed to the second quarter last year, and that we achieved gains despite the unseasonably cooler Spring temperatures in the United States and many other regions.”
Net earnings in the second quarter of 2013 were $7.1 million compared to a net loss of $1.8 million for the second quarter of 2012. Diluted net earnings per share were $0.14 based on 50,497,000 weighted average shares outstanding compared to diluted net loss per share of $0.04 based on 49,296,000 weighted average shares outstanding for the same period last year.
For the six months ended June 30, 2013, net sales were $879.9 million compared to net sales of $735.3 million in the first six months of 2012. Gross profit for the first six months of 2013 was $387.6 million or 44.1 percent of net sales, compared to $327.0 million or 44.5 percent of net sales for the first six months of 2012. Earnings from operations for the first six months of 2013 were $32.5 million, compared to a loss from operations of $5.9 million for the same period last year.
Net earnings in the first six months of 2013 were $13.8 million compared to net a loss of $5.4 million in the same period last year. Diluted net earnings per share were $0.27 based on 50,494,000 weighted average common shares outstanding compared to a net loss of $0.11 based on 49,281,000 weighted average common shares outstanding for the first six months of 2012.
Robert Greenberg, SKECHERS chief executive officer, commented: “In June, we hosted our 21st annual Global Sales Conference for our domestic, international and retail teams to review our products, and we have spent much of this month in key account meetings at our corporate offices doing the same. The positive feedback we have received in these meetings is unlike any we have previously experienced. We believe this is due to a more diversified product balance. With strong offerings throughout our footwear lines, we now have many key product successes, including Skechers Relaxed Fit, which crosses into our lifestyle athletic and casual divisions. This increased product balance has allowed us to redefine many of our lines and grow our divisions through new offerings, including the year-round extension of our charitable line BOBS, which reached the five million pair donation mark in June, and the expansion of our award-winning SKECHERS Performance Division, which has grown into a solid business. We continue to support our brands with numerous men’s, women’s and kids television campaigns, and for Back to School, many of the same commercials will be shown around the world to support our global business. We are now seeing the impact of our key product initiatives and marketing support taking hold around the world. Based on the reaction at our recent key account meetings and current performance in the market, we believe the momentum we are experiencing will continue through this year and into next year.”
Mr. Weinberg added: “We believe the first six months of 2013 with improved sales, gross margins and earnings are an indication of the financial performance we will achieve in the back half of the year. Our return to profitability, cash balance of $333.0 million, and in-line inventory levels are indicators of our determination to efficiently manage our business. We are experiencing exceptional sell-throughs on the broadest assortment of key product in our company’s history. We are looking forward to delivering the remainder of our fall product offerings, and launching the next phase of our development for a successful holiday and Spring 2014.”
ABOUT SKECHERS USA, INC.
SKECHERS USA, Inc., based in Manhattan Beach, California, designs, develops and markets a diverse range of footwear for men, women and children under the SKECHERS name. SKECHERS footwear is available in the United States through department and specialty stores, Company-owned SKECHERS retail stores and its e-commerce website, as well as in over 100 countries and territories through the Company’s global network of distributors and subsidiaries in Canada, Brazil, Chile, Japan, and across Europe, as well as through joint ventures in Asia. For more information, please visit www.skechers.com, and follow us on Facebook (www.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, the Company’s future financial results and operations, future demand for its products and its planned 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 the resignation of the Company’s former independent registered public accounting firm, and its withdrawal of its audit reports with respect to certain of the Company’s historical financial statements; international, national and local general economic, political and market conditions including the ongoing global economic slowdown and market instability; entry into the highly competitive performance footwear market; 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; 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, 2012, and its Form 10-Q for the quarter ended March 31, 2013. The risks included here are not exhaustive.The Company 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 U.S.A., INC. AND SUBSIDIARIES |
| CONDENSED CONSOLIDATED BALANCE SHEETS |
| (Unaudited) |
| (In thousands) |
|
|
|
|
|
(Unaudited)
|
|
|
June 30,
2013
|
|
|
December 31,
2012
|
| ASSETS |
|
|
|
|
|
| Current Assets: |
|
|
|
|
|
| Cash and cash equivalents |
|
$ |
333,006 |
|
|
$ |
325,826 |
| Trade accounts receivable, net |
|
|
252,095 |
|
|
|
213,697 |
| Other receivables |
|
|
6,048 |
|
|
|
7,491 |
| Total receivables |
|
|
258,143 |
|
|
|
221,188 |
| Inventories |
|
|
285,489 |
|
|
|
339,012 |
| Prepaid expenses and other current assets |
|
|
24,095 |
|
|
|
27,755 |
| Deferred tax assets |
|
|
26,532 |
|
|
|
26,531 |
| Total current assets |
|
|
927,265 |
|
|
|
940,312 |
| Property, plant and equipment, at cost, less accumulated depreciation and amortization |
|
|
359,053
|
|
|
|
362,446
|
| Goodwill and other intangible assets, less applicable amortization |
|
|
2,750 |
|
|
|
3,242 |
| Deferred tax assets |
|
|
13,089 |
|
|
|
16,387 |
| Other assets, at cost |
|
|
19,733 |
|
|
|
17,833 |
| Total non-current assets |
|
|
394,625 |
|
|
|
399,908 |
| TOTAL ASSETS |
|
$ |
1,321,890 |
|
|
$ |
1,340,220 |
| LIABILITIES AND EQUITY |
|
|
|
|
|
| Current Liabilities: |
|
|
|
|
|
| Current installments of long-term borrowings |
|
$ |
11,842 |
|
|
$ |
11,668 |
| Short-term borrowings |
|
|
1,345 |
|
|
|
2,425 |
| Accounts payable |
|
|
221,949 |
|
|
|
241,525 |
| Accrued expenses |
|
|
29,088 |
|
|
|
36,923 |
| Total current liabilities |
|
|
264,224 |
|
|
|
292,541 |
| Long-term borrowings, excluding current installments |
|
|
122,549 |
|
|
|
128,517 |
| Other long-term liabilities |
|
|
111 |
|
|
|
73 |
| Total non-current liabilities |
|
|
122,660 |
|
|
|
128,590 |
| Total liabilities |
|
|
386,884 |
|
|
|
421,131 |
| Stockholders’ equity: |
|
|
|
|
|
| Skechers U.S.A., Inc. equity |
|
|
887,758 |
|
|
|
875,969 |
| Noncontrolling interests |
|
|
47,248 |
|
|
|
43,120 |
| Total equity |
|
|
935,006 |
|
|
|
919,089 |
| TOTAL LIABILITIES AND EQUITY |
|
$ |
1,321,890 |
|
|
$ |
1,340,220 |
| |
| SKECHERS U.S.A., INC. AND SUBSIDIARIES |
| CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS |
| (Unaudited) |
| (In thousands, except per share data) |
|
|
|
|
|
|
|
|
Three Months Ended June 30, |
|
|
Six Months Ended June 30, |
|
|
2013
|
|
|
2012
|
|
|
|
2013
|
|
|
2012
|
|
| Net sales |
|
$ |
428,247 |
|
|
$ |
384,001 |
|
|
|
$ |
879,868 |
|
|
$ |
735,275 |
|
| Cost of sales |
|
|
233,353 |
|
|
|
212,659 |
|
|
|
|
492,242 |
|
|
|
408,237 |
|
| Gross profit |
|
|
194,894 |
|
|
|
171,342 |
|
|
|
|
387,626 |
|
|
|
327,038 |
|
| Royalty income, net |
|
|
1,424 |
|
|
|
1,609 |
|
|
|
|
3,194 |
|
|
|
2,745 |
|
|
|
|
196,318 |
|
|
|
172,951 |
|
|
|
|
390,820 |
|
|
|
329,783 |
|
| Operating expenses: |
|
|
|
|
|
|
|
|
|
| Selling |
|
|
42,088 |
|
|
|
39,100 |
|
|
|
|
79,784 |
|
|
|
69,449 |
|
| General and administrative |
|
|
137,066 |
|
|
|
135,382 |
|
|
|
|
278,534 |
|
|
|
266,259 |
|
|
|
|
179,154 |
|
|
|
174,482 |
|
|
|
|
358,318 |
|
|
|
335,708 |
|
| Earnings (loss) from operations |
|
|
17,164 |
|
|
|
(1,531 |
) |
|
|
|
32,502 |
|
|
|
(5,925 |
) |
| Other income (expense): |
|
|
|
|
|
|
|
|
|
| Interest, net |
|
|
(2,991 |
) |
|
|
(3,256 |
) |
|
|
|
(5,540 |
) |
|
|
(5,977 |
) |
| Other, net |
|
|
(695 |
) |
|
|
556 |
|
|
|
|
(3,618 |
) |
|
|
416 |
|
|
|
|
(3,686 |
) |
|
|
(2,700 |
) |
|
|
|
(9,158 |
) |
|
|
(5,561 |
) |
| Earnings (loss) before income tax expense (benefit) |
|
|
13,478 |
|
|
|
(4,231 |
) |
|
|
|
23,344 |
|
|
|
(11,486 |
) |
| Income tax expense (benefit) |
|
|
4,632 |
|
|
|
(2,887 |
) |
|
|
|
6,910 |
|
|
|
(6,732 |
) |
| Net earnings (loss) |
|
|
8,846 |
|
|
|
(1,344 |
) |
|
|
|
16,434 |
|
|
|
(4,754 |
) |
| Less: Net earnings attributable to noncontrolling interests |
|
|
1,752 |
|
|
|
438 |
|
|
|
|
2,660 |
|
|
|
694 |
|
| Net earnings (loss) attributable to Skechers U.S.A., Inc. |
|
$ |
7,094 |
|
|
$ |
(1,782 |
) |
|
|
$ |
13,774 |
|
|
$ |
(5,448 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net earnings (loss) per share attributable to Skechers U.S.A., Inc.: |
|
|
|
|
|
|
|
|
|
| Basic |
|
$ |
0.14 |
|
|
$ |
(0.04 |
) |
|
|
$ |
0.27 |
|
|
$ |
(0.11 |
) |
| Diluted |
|
$ |
0.14 |
|
|
$ |
(0.04 |
) |
|
|
$ |
0.27 |
|
|
$ |
(0.11 |
) |
|
|
|
|
|
|
|
|
|
|
| Weighted average shares used in calculating earnings (loss) per share attributable to Skechers U.S.A., Inc.: |
|
|
|
|
|
|
|
|
|
| Basic |
|
|
50,298 |
|
|
|
49,296 |
|
|
|
|
50,297 |
|
|
|
49,281 |
|
| Diluted |
|
|
50,497 |
|
|
|
49,296 |
|
|
|
|
50,494 |
|
|
|
49,281 |
|
Company Contact:
David Weinberg
Chief Operating Officer
Chief Financial Officer
SKECHERS USA, Inc.
(310) 318-3100
or
Investor Relations:
Andrew Greenebaum
Addo Communications
(310) 829-5400
by | Jul 18, 2013 | Press Release
Jul 18, 2013 • 9:00 am EDT
MANHATTAN BEACH, Calif.–(BUSINESS WIRE)– SKECHERS USA, Inc. (NYSE:SKX), a global leader in lifestyle footwear, announced today that the Company’s conference call to review its fiscal 2013 second quarter financial results will be broadcast live over the internet on Wednesday, July 24, 2013, at 1:30 p.m. PT / 4:30 p.m. ET. Participating on the call will be David Weinberg, Chief Operating Officer and 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 24, 2013, at 7:30 p.m. ET, through August 7, 2013, at 11:59 p.m. ET. To access the replay, dial 877-870-5176 (U.S.) or 858-384-5517 (International) and use passcode: 416963.
About SKECHERS USA, Inc.
SKECHERS USA, Inc., based in Manhattan Beach, California, designs, develops and markets a diverse range of footwear for men, women and children under the SKECHERS name. SKECHERS footwear is available in the United States via department and specialty stores, Company-owned SKECHERS retail stores and its e-commerce website, and over 100 countries and territories through the Company’s global network of distributors and subsidiaries in Brazil, Canada, Chile, Japan, and across Europe, as well as through joint ventures in Asia. For more information, please visit www.skechers.com, and follow us on Facebook (www.facebook.com/SKECHERS) and Twitter (twitter.com/SKECHERSUSA).
SKECHERS USA, Inc.
David Weinberg
Chief Operating Officer and Chief Financial Officer
310-318-3100
or
Investor Relations:
Addo Communications
Andrew Greenebaum, 310-829-5400
[email protected]
by | Jun 19, 2013 | Press Release
Jun 19, 2013 • 9:00 am EDT
HOUSTON–(BUSINESS WIRE)– SKECHERS USA, Inc. (NYSE:SKX) today announced a multi-year partnership with the Houston Marathon Committee, Inc. under which the Skechers Performance Division will become the official footwear and apparel sponsor for the Chevron Houston Marathon.
Meb celebrates his win at the finish line of the 2012 U.S. Olympic Marathon Trials in Houston. (Photo: Business Wire)
As part of the agreement, the Skechers Performance Division will have a high-visibility presence at all race events including the annual Houston Marathon EXPO. The Company will also exclusively design, distribute and sell products featuring the Chevron Houston Marathon logo. This includes outfitting course volunteers with branded merchandise and providing the finishers’ shirts for runners.
“This partnership further solidifies our position as a major player in the performance footwear business,” began Michael Greenberg, president of SKECHERS. “Since launching the Skechers Performance Division in 2011, our award-winning innovative footwear has been embraced by the media, elite runners like Meb, and casual fans of the sport. The exposure created via this sponsorship is a huge opportunity to engage with runners as we continue to develop the next generation performance products on our Skechers GO platform.”
As one of the most decorated distance runners in U.S. history, Meb’s career highlights include 2004 Olympic medalist, 2012 U.S. Olympic Trials champion and fastest American marathon runner at the London Olympics. He helped open lottery registration for the 2014 Chevron Houston Marathon during a National Running Day Event held on June 5. Meb, who competes wearing his signature Skechers GOrun speed footwear, led a 3-mile fun run at the event.
“Houston is where I earned a PR and the chance to represent the United States in London,” began Meb, who provides expert insight by testing and consulting on the design of Skechers Performance running shoes. “I ran that race wearing Skechers Performance shoes so it’s perfect that this great footwear company is now partnered with a key city in my career.”
“We’re extremely thrilled to welcome the Skechers Performance Division to our team,” added Steven Karpas, managing director for the Houston Marathon Committee. “Skechers shares our vision and is totally committed to ensuring that Chevron Houston Race Weekend is a can’t miss event on the running circuit for years to come.”
The first Skechers Performance appearance as sponsor will be at the Chevron Houston Marathon’s annual “Run for a Reason” Kickoff Party on Saturday, June 29. The brand will operate a booth at the annual event for visitors to experience its running footwear.
Skechers Performance footwear for men and women is available in sporting goods, department and specialty athletic stores around the world. Learn more at skechersperformance.com and follow the Skechers Performance Division on Facebook (facebook.com/SkechersPerformance) and Twitter (twitter.com/skechersGO).
About the Houston Marathon Committee, Inc.
Established in 1972, the Houston Marathon Committee, Inc. (HMC), a Running USA Founding Member, annually organizes the nation’s premier winter marathon, half-marathon, and 5K. Over 250,000 participants, volunteers and spectators make Chevron Houston Marathon Race Day the largest single day sporting event in Houston. Race Weekend generates over $50 million in economic impact for the region annually. In 2013, the Run For a Reason Charity Program raised $2.2 million and the HMC garnered Gold Certification from the Council of Responsible Sport for industry-leading sustainability initiatives. Host to 12 U.S. Half Marathon Championships since 2005 and the 1992 women’s Olympic Trials Marathon, HMC conducted the nationally-televised 2012 U.S. Olympic Trials Marathon, which featured men and women competing on the same course simultaneously for the first time, vying for the chance to represent Team USA at the 2012 Olympic Games.
For more information, visit www.chevronhoustonmarathon.com or call 713.957.3453.
ABOUT SKECHERS USA, INC.
SKECHERS USA, Inc. (NYSE: SKX), based in Manhattan Beach, California, designs, develops and markets a diverse range of footwear for men, women and children under the SKECHERS name. SKECHERS footwear is available in the United States via department and specialty stores, Company-owned SKECHERS retail stores and its e-commerce website, and over 100 countries and territories through the Company’s global network of distributors and subsidiaries in Brazil, Canada, Chile, Japan, and across Europe, as well as through joint ventures in Asia. For more information, please visit www.skechers.com, and follow us on Facebook (www.facebook.com/SKECHERS) and Twitter (twitter.com/SKECHERSUSA).
This announcement may contain forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate or simply state future results, performance or achievements, and 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 includethe resignation of the Company’s former independent registered public accounting firm, and its withdrawal of its audit reports with respect to certain of the Company’s historical financial statements; international, national and local general economic, political and market conditions including the ongoing global economic slowdown and market instability; entry into the highly competitive performance footwear market; 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; 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, 2012 and its quarterly report on Form 10-Q for the three months ended March 31, 2013. The risks included here are not exhaustive.The Company 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
by | May 16, 2013 | Press Release
May 16, 2013 • 4:00 pm EDT
LOS ANGELES–(BUSINESS WIRE)– SKECHERS USA, Inc. (NYSE: SKX) today announced that David Weinberg, the Company’s Chief Operating Officer and Chief Financial Officer, will present at the 14th Annual B. Riley Investor Conference on Tuesday, May 21, 2013, at 10:30 a.m. PDT at the Loews Santa Monica Beach Hotel in Santa Monica, California.
The audio portion of the presentation will be available live by visiting the ‘Investor Relations’ section of the Company’s Website at www.skx.com. A replay of the audio will be accessible on the site for 90 days following the live presentation.
ABOUT SKECHERS USA, INC.
SKECHERS USA, Inc., based in Manhattan Beach, California, designs, develops and markets a diverse range of footwear for men, women and children under the SKECHERS name. SKECHERS footwear is available in the United States via department and specialty stores, Company-owned SKECHERS retail stores and its e-commerce website, and over 100 countries and territories through the Company’s global network of distributors and subsidiaries in Brazil, Canada, Chile, Japan, and across Europe, as well as through joint ventures in Asia. For more information, please visit www.skechers.com, and follow us on Facebook (www.facebook.com/SKECHERS) and Twitter (twitter.com/SKECHERSUSA).
SKECHERS USA, Inc.
David Weinberg, 310-318-3100
Chief Operating Officer/
Chief Financial Officer
or
Investor Relations:
Addo Communications
Andrew Greenebaum, 310-829-5400
