SKX - The Reasons We Remain In Favor Of Skechers
2024-03-21 21:12:47 ET
Summary
- Skechers is a global footwear brand known for its casual and performance-oriented shoes, with a presence in over 170 countries.
- Skechers has delivered strong financial performance, with expanding margins, and is optimistic about its growth strategy for the future.
- The firm continues to execute its share buyback program.
- We maintain our "buy" rating.
Skechers ( SKX ), founded in 1992, is a global footwear powerhouse renowned for its casual and performance-oriented shoes. With a presence in over 170 countries, the company boasts an extensive product lineup catering to diverse consumer preferences. The brand's popularity is underscored by endorsements from prominent athletes and celebrities like Tony Romo and Camila Cabello. Notably, Skechers has prioritized sustainability, implementing eco-friendly practices in its operations. Its commitment to innovation and customer satisfaction positions Skechers as a formidable player in the footwear industry....
The Reasons We Remain In Favor Of Skechers