ASO - PlaybyPlay Podcast: Skechers Posts Q2 Financial Results and Academy Sports and Outdoors Inc. Announces the Opening of a New Location in Virginia

2023-07-28 15:00:00 ET

Vancouver, Kelowna and Delta, BC - July 28, 2023 (Investorideas.com Newswire) Investorideas.com, a global investor news source issues today's edition of Play by Play covering what's new in sports and esports headlines plus recent news from publicly traded companies.

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Skechers U.S.A., Inc. ( NYSE:SKX ) has posted its financial results for the second quarter ended June 30, 2023. Highlights include record quarterly sales of $2.01 billion (up 7.7 percent year-over-year), Direct-to-Consumer sales growth of 29.1 percent, and the acquisition of a Scandinavian distributor. Robert Greenberg, the company's CEO, said:

"The power of our marketing and the relevancy of our footwear resonates throughout our 4,700 Skechers stores around the world and at retailers, where consumers can slip into our footwear and leave with the understanding that they just purchased unbelievable comfort technology. This is what motivates the Skechers team - the enthusiasm from our partners around the world, and most importantly, the satisfaction from new shoppers and returning loyal fans of our brand. With this incredible momentum, I am confident in our vision for an even more successful future."

Academy Sports and Outdoors, Inc. ( NasdaqGS:ASO ) has announced the opening of its second location in the US state of Virginia with a 77,000 square foot store in Fredericksburg. According to the press release, the company "plans to continue its expansion efforts with the goal of opening 13 - 15 stores this year, and a total of 120 to 140 new stores by the end of 2027." Sam Johnson, Academy's Executive Vice President of Retail Operations, commented:

"We are excited to be a new destination for the Fredericksburg community to find everything they need to pursue their sports and outdoors passions with top national brands like Nike, adidas, Yeti, Columbia, Carhartt, and many more, all at a great value."

England Wins 1-0 in Women's World Cup but Loses Midfielder Keira Walsh to Knee Injury, and Dolphin's Jalen Ramsey Set for Surgery Today

ESPN reports that England scored a 1-0 win over Denmark in the Women's World Cup, but that midfielder Keira Walsh was taken off the pitch on a stretcher with a possible knee injury in the first half. Walsh is considered one of the team's best players and her absence may impact England's chances of winning the World Cup. Elsewhere in the tournament, China defeated Haiti, also 1-0, and Argentina tied 2-2 with South Africa.

On the subject of injuries, the Miami Dolphins' Jalen Ramsey is set for surgery today, according to the Associated Press . A six-time Pro Bowl cornerback, Ramsey "suffered a torn meniscus in his left knee at the end of Thursday's practice and is expected to miss the start of the regular season." Dolphins coach Mike McDaniel commented:

"It really moved a lot of people. He first let everybody know how much he appreciated this team, how this team has accepted him, how he has been in the league a little bit and how he knows what we're doing here, in his opinion, is special, for his position group not to waiver, and exuded all the confidence that he had in that position group."

Sam Mowers, Investorideas.com

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