Key Points Skechers grew its worldwide store count to 5,168 retail locations worldwide, growing annual sales to a record $8 billion. Inventory bloat caused the company to cut its EPS guidance for the full year 2024 despite operating margins improving to 9.8% and gross margins reaching 51.9% in 2023. Positive shipments and bookings in the first part of Q1 2024 make management confident and optimistic about clearing out its excess inventory in 2024. 5 stocks we like better than Skechers U.S.A. Skechers U.S.A. ...