Skechers

  • Revenue$4.6 BFY, 2020
  • Market Capitalization$5.8 B2022-06-28

OverviewSuggest Edit

Skechers is a company that designs and markets Skechers-branded lifestyle footwear for men, women, and children, and performance footwear for men and women under the Skechers Performance brand name. It also offers men’s and women’s Skechers branded lifestyle apparel, and licenses the Skechers brand to others for accessories, pet accessories, leather goods, eyewear, and scrub manufacturers. Its product offering is sold through department and specialty stores, athletic and independent retailers, boutiques, and online retailers.

TypePublic
Founded1992
HQManhattan Beach, CA, USMap
Websiteskechers.com
Overall CultureCMore
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Latest Updates

Employees (est.) (Dec 2020)5,900(+48%)
Revenue (FY, 2020)$4.6 B(-11%)
Share Price (Jun 2022)$37.4(-3%)
Cybersecurity ratingBMore
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Key People/Management at Skechers

Robert Greenberg

Robert Greenberg

Chief Executive Officer, Founder, Chairman of the Board
Michael Greenberg

Michael Greenberg

President, Co-Founder, Director
David Weinberg

David Weinberg

Executive Vice President, Chief Operating Officer and Director
Jeffrey Greenberg

Jeffrey Greenberg

Senior Vice President of Active Electronic Media and Director
John Vandemore

John Vandemore

Chief Financial Officer
Katherine J. Blair

Katherine J. Blair

Director
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Skechers Office Locations

Skechers has offices in Manhattan Beach, Liège, São Paulo, Mississauga and in 22 other locations
Manhattan Beach, CA, US (HQ)
228 Manhattan Beach Blvd
Liège, BE
Rue de la Casquette 38
São Paulo, BR
Rua Gomes de Carvalho, 1510 11º Andar, Vila Olímpia
Mississauga, CA
5055 Satellite Dr Unit 6
Bogotá, CO
Av. Calle 26 # 96 J – 66 Of 403 Edificio Optimus
Marseille, FR
9 Pl. de la Joliette
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Skechers Financials and Metrics

Skechers Revenue

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View revenue for all periods
Skechers's revenue was reported to be $4.6 b in FY, 2020 which is a 11.9% decrease from the previous period.
USD

Revenue (Q3, 2021)

1.6b

Gross profit (Q3, 2021)

769.4m

Gross profit margin (Q3, 2021), %

49.6%

Net income (Q3, 2021)

116.7m

EBIT (Q3, 2021)

146.2m

Market capitalization (28-Jun-2022)

5.8b

Closing stock price (28-Jun-2022)

37.4

Cash (31-Dec-2020)

1.4b

EV

6.5b
Skechers's current market capitalization is $5.8 b.
Annual
USDFY, 2018FY, 2019FY, 2020

Revenue

4.6b5.2b4.6b

Revenue growth, %

12%(12%)

Cost of goods sold

2.4b2.7b2.4b

Gross profit

2.2b2.5b2.2b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Revenue

1.3b1.3b1.4b1.2b729.5m1.3b1.4b1.7b1.6b

Cost of goods sold

686.2m648.7m700.9m694.7m360.9m675.8m748.8m808.3m781.5m

Gross profit

590.5m609.8m653.1m547.7m368.6m625.1m679.6m849.5m769.4m

Gross profit Margin, %

46%48%48%44%51%48%48%51%50%
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Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Cash

351.1m325.8m372.0m466.7m508.0m718.5m736.4m872.2m824.9m1.4b

Accounts Receivable

176.0m213.7m10.6m16.5m18.7m19.2m405.9m501.9m645.3m619.8m

Prepaid Expenses

27.8m79.0m113.6m167.0m

Inventories

226.4m339.0m358.2m453.8m620.2m700.5m873.0m863.3m1.1b1.0b
Quarterly
USDQ1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Cash

197.9m250.8m248.0m391.6m374.2m307.9m264.7m333.0m332.8m329.4m414.8m440.8m396.7m513.9m510.7m443.8m628.8m665.3m607.8m751.6m802.9m700.1m844.8m802.8m687.5m779.3m824.0m1.2b1.4b1.3b

Accounts Receivable

320.2m276.0m245.0m228.9m237.7m241.2m283.4m252.1m7.0m9.6m10.7m12.9m13.4m15.3m15.6m21.6m20.5m19.2m20.5m24.9m485.3m504.0m736.6m641.4m662.4m796.2m478.0m708.9m

Prepaid Expenses

31.5m34.1m26.6m24.1m65.3m83.1m85.1m67.2m97.6m95.4m105.1m147.6m

Inventories

376.2m325.8m238.4m214.6m258.1m302.1m253.7m285.5m309.9m312.2m360.5m363.0m392.2m470.6m500.2m501.9m590.7m523.3m585.8m669.7m697.7m800.3m822.4m755.1m740.9m855.6m890.4m985.7m1.0b1.1b
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Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Net Income

(67.5m)9.5m60.9m152.2m261.0m285.4m235.1m371.3m427.3m146.2m

Depreciation and Amortization

33.7m41.5m96.5m109.7m111.5m142.8m

Inventories

160.2m(111.8m)(23.0m)(100.0m)(180.0m)(58.2m)(158.6m)(7.2m)(171.9m)78.6m

Accounts Payable

(18.1m)10.0m17.6m98.7m130.1m38.2m(12.8m)174.4m154.5m(37.7m)
Quarterly
USDQ1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Net Income

11.8m(18.1m)(9.8m)(3.7m)(5.4m)5.6m6.7m13.8m28.3m33.0m38.2m55.1m61.7m87.1m73.8m109.6m84.0m76.5m106.6m180.0m286.9m137.3m198.1m304.2m131.0m223.0m344.8m41.2m(14.1m)68.1m

Depreciation and Amortization

7.4m15.1m22.9m9.8m20.8m30.9m10.4m20.5m45.6m70.1m81.3m27.4m52.4m80.7m39.6m71.8m105.8m

Inventories

22.6m73.9m158.6m13.1m(31.4m)(74.4m)84.9m51.4m360.5m363.0m392.2m470.6m500.2m501.9m590.7m523.3m585.8m34.5m10.1m79.9m40.9m99.3m126.8m49.0m1.5m77.5m33.6m23.6m

Accounts Payable

3.0m1.9m(98.1m)19.3m54.3m12.0m(80.6m)(18.7m)314.2m311.7m321.0m430.4m407.6m405.3m534.2m383.5m423.9m6.1m(25.1m)11.1m88.4m48.3m(136.0m)12.1m48.3m(141.8m)(129.5m)(22.9m)
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USDQ1, 2011

Financial Leverage

1.4 x
Show all financial metrics

Skechers Acquisitions / Subsidiaries

Company NameDateDeal Size
FitwallSeptember 11, 2014
Brandblack China Limited
Brandblack Guangzhou Co., Ltd.
Comercializadora Skechers Chile Limitada
Duncan Investments, LLC
Fujian Skechers E-commerce Co., Ltd.
HF Logistics-SKX, LLC
HF Logistics-SKX T1, LLC
HF Logistics-SKX T2, LLC
Leadtime Co., Ltd.
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Skechers Revenue Breakdown

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Skechers revenue breakdown by business segment: 49.1% from International Wholesale, 24.5% from Domestic Wholesale and 26.4% from Relail

Skechers revenue breakdown by geographic segment: 41.6% from United States and 58.4% from Other International

Skechers Cybersecurity Score

Cybersecurity ratingPremium dataset

B

87/100

Learn more about our premium products
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Skechers Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

Learn more about our premium products
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Skechers Online and Social Media Presence

Skechers's Trends

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Skechers Company Culture

  • Overall Culture

    C

    66/100

  • CEO Rating

    C+

    68/100

  • Compensation

    C

    65/100

  • Diversity

    C

    64/100

Learn more on Comparably

Skechers News and Updates

May 26, 2022

Intersport and the Association of Pickleball Professionals Tour, USA Pickleball and Major League Pickleball Enter into Multi-Year Agreements with Skechers

Global lifestyle brand to become "Official Footwear Company" of the prominent pickleball organizations NEW YORK, May 26, 2022 /PRNewswire/ -- Intersport and the Association of Pickleball Professionals (APP) Tour, USA Pickleball and Major League Pickleball (MLP), the nation's elite...
May 17, 2022

Disciplined Growth Makes Skechers USA A Quality Holding

The stock still presents excellent risk/reward and has 79%+ upside.
May 02, 2022

: Skechers is a sponsor of the pickleball championships, a sport that will likely gain attention from more athletic companies

Skechers reported record first-quarter sales this week, and discussed its efforts to broaden its appeal on the path to $10 billion in sales.
April 26, 2022

Skechers stock gains more than 3% on Q1 beat

Shares of Skechers USA Inc. rose more than 4% in the extended session Wednesday after the footwear retailer reported first-quarter earnings and sales above expectations, saying its wholesale business was strong. Skechers said it earned $121.2 million, or 77 cents a share, in the quarter, compared w…
March 09, 2022

Skechers temporarily suspends shipments to Russia

Skechers USA Inc. said Wednesday it is temporarily suspending shipments of its sporty footwear and apparel to Russia following its invasion of neighboring Ukraine. The company said it's also donating $250,000 in humanitarian aid to Ukraine and matching employee donations up to another $250,000. "We…
February 25, 2022

Global Footwear Industry Insights 2022-2027 - Presents the Financials and Strategies of Leading Players, Including Nike, Adidas, PUMA, Geox, and Skechers USA

Dublin, Feb. 25, 2022 (GLOBE NEWSWIRE) -- The "Footwear Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering. The global footwear market reached a value of US$ 224.6 billion in 2021. Looking forward, the…
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 Skechers Frequently Asked Questions

  • When was Skechers founded?

    Skechers was founded in 1992.

  • Who are Skechers key executives?

    Skechers's key executives are Robert Greenberg, Michael Greenberg and David Weinberg.

  • How many employees does Skechers have?

    Skechers has 5,900 employees.

  • What is Skechers revenue?

    Latest Skechers annual revenue is $4.6 b.

  • What is Skechers revenue per employee?

    Latest Skechers revenue per employee is $779.2 k.

  • Who are Skechers competitors?

    Competitors of Skechers include Reebok, Adidas and Nike.

  • Where is Skechers headquarters?

    Skechers headquarters is located at 228 Manhattan Beach Blvd, Manhattan Beach.

  • Where are Skechers offices?

    Skechers has offices in Manhattan Beach, Liège, São Paulo, Mississauga and in 22 other locations.

  • How many offices does Skechers have?

    Skechers has 27 offices.