A three-billion-dollar global leader in the high performance and lifestyle footwear industry, Skechers USA, Inc. designs, develops and markets more than 3,000 styles for men, women and children. Skechers' success stems from its employees, high-quality, varied product offering, diversified domestic and international distribution channels, and targeted multi-channel marketing. The company offers two distinct footwear categories: a lifestyle division and performance footwear. Through licensing agreements, the company also offers branded apparel, bags, eyewear, toys, and more. Celebrity product endorsees for Skechers' collections include multi-platinum recording artists Demi Lovato and Meghan Trainor, the world famous drummer Ringo Starr, model and actress Kelly Brook, TV personality Brooke Burke-Charvet, and boxing great Sugar Ray Leonard. In addition, elite marathon champion and Boston Marathon winner Meb Keflezighi, elite runner Kara Goucher, and pro golfers Matt Kuchar, Belén Mozo and Colin Montgomerie represent the Skechers Performance Division. The Company sells its footwear in department, specialty and independent stores, as well as through more than 1340 Company-owned Skechers retail stores and online at skechers.com. Beyond the United States, Skechers product is available in more than 160 countries and territories through an international network of subsidiaries in Canada, Brazil, Chile, Japan, and 27 countries in Western and Central Eastern Europe, as well as through joint ventures in Asia and distributors around the world. Headquartered in Manhattan Beach, California, Skechers is traded on the New York Stock Exchange under the symbol SKX.
Skechers U.S.A. was founded in 1992 and is headquartered in Manhattan Beach, US
Skechers U.S.A. Office Locations
Skechers U.S.A. has offices in Manhattan Beach, New York, Toronto, Orlando and in 26 other locations
Manhattan Beach, US (HQ)
228 Manhattan Beach Blvd
Skechers U.S.A. Data and Metrics
Skechers U.S.A. Financial Metrics
Skechers U.S.A.'s revenue was reported to be $3.6 b in FY, 2016
USD
Revenue (FY, 2016) | 3.6 b |
Revenue growth (FY, 2015 - FY, 2016), % | 13% |
Gross profit (FY, 2016) | 1.6 b |
Gross profit margin (FY, 2016), % | 46% |
Net income (FY, 2016) | 285.4 m |
EBIT (FY, 2016) | 1.6 b |
Market capitalization (20-Jul-2017) | 4.5 b |
Closing share price (20-Jul-2017) | 28.6 |
Cash (31-Dec-2016) | 718.5 m |
EV | 3.8 b |
Skechers U.S.A.'s current market capitalization is $4.5 b.
| USD | FY, 2013 | FY, 2014 | Y, 2015 | FY, 2016 |
|---|---|---|---|---|
Revenue | 1.8 b | 2.4 b | 3.1 b | 3.6 b |
Revenue growth, % | 29% | 32% | 13% | |
Cost of goods sold | 1 b | 1.3 b | 1.7 b | 1.9 b |
Gross profit | 818.8 m | 1.1 b | 1.4 b | 1.6 b |
Gross profit Margin, % | 44% | 45% | 45% | 46% |
General and administrative expense | 1 b | |||
Operating expense total | 1 b | |||
EBIT | 826.5 m | 1.1 b | 1.4 b | 1.6 b |
EBIT margin, % | 45% | 45% | 46% | 46% |
Interest expense | 11.9 m | 12.5 m | 10.7 m | 6.3 m |
Interest income | 841 k | 837 k | 722 k | 1.2 m |
Income tax expense | 21.3 m | 39.2 m | 72.5 m | 74.1 m |
Net Income | 60.9 m | 152.2 m | 261 m | 285.4 m |
| USD | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 |
|---|---|---|---|---|
Cash | 372 m | 466.7 m | 508 m | 718.5 m |
Accounts Receivable | 10.6 m | 16.5 m | 18.7 m | 19.2 m |
Inventories | 358.2 m | 453.8 m | 620.2 m | 700.5 m |
Current Assets | 1 b | 1.3 b | 1.6 b | 1.8 b |
PP&E | 435.9 m | 494.5 m | ||
Total Assets | 1.4 b | 1.7 b | 2 b | 2.4 b |
Accounts Payable | 258.2 m | 352.8 m | 474 m | 520.4 m |
Total Debt | 6.1 m | |||
Current Liabilities | 310.4 m | 505.7 m | 577 m | 621.7 m |
Non-Current Liabilities | 118.2 m | 35.1 m | 94.7 m | 86.4 m |
Total Liabilities | 428.7 m | 540.8 m | 671.7 m | 708.2 m |
Common Stock | 40 k | 40 k | 127 k | 130 k |
Additional Paid-in Capital | 342.1 m | 355.6 m | 386.2 m | 419 m |
Retained Earnings | 596.8 m | 735.6 m | 967.6 m | 1.2 b |
Total Equity | 979.9 m | 1.1 b | 1.4 b | 1.7 b |
Debt to Equity Ratio | 0 x | |||
Debt to Assets Ratio | 0 x | |||
Financial Leverage | 1.4 x | 1.5 x | 1.5 x | 1.4 x |
| USD | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 |
|---|---|---|---|---|
Net Income | 60.9 m | 152.2 m | 261 m | 285.4 m |
Inventories | (23 m) | (100 m) | (180 m) | (58.2 m) |
Accounts Payable | 17.6 m | 98.7 m | 130.1 m | 38.2 m |
Cash From Operating Activities | 99 m | 163.9 m | 232.2 m | 361.6 m |
Capital Expenditures | (41.3 m) | (56.9 m) | (118.1 m) | (119.5 m) |
Cash From Investing Activities | (41.4 m) | (56.9 m) | (126.5 m) | (145.6 m) |
Long-term Borrowings | (11.7 m) | (12 m) | (32.7 m) | (15.7 m) |
Cash From Financing Activities | (9.9 m) | (9 m) | (58.2 m) | (3.5 m) |
Interest Paid | 10.6 m | 10.8 m | 9.9 m | 5.7 m |
Income Taxes Paid | 5.5 m | 29.5 m | 63.5 m | 65.3 m |
Free Cash Flow | 140.3 m | 220.8 m | 350.4 m | 242.2 m |
| USD | Y, 2016 |
|---|---|
EV/EBIT | 2.3 x |
EV/CFO | 10.4 x |
EV/FCF | 15.6 x |
Revenue/Employee | 989.8 k |
Financial Leverage | 1.4 x |
