Skechers stocks trips on inventory bloat, but there's an upside
SKXSkechers(SKX) MarketBeat·2024-02-06 20:31

Key PointsSkechers 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. In ...