Why Skechers Stock Skyrocketed to an All-Time High Today
SKXSkechers(SKX) The Motley Fool·2024-04-26 23:43

The footwear company delivered record quarterly results. Shares of shoe company Skechers (SKX 13.75%) skyrocketed to an all-time high Friday after the company announced record financial results for the first quarter. As of 10:20 a.m. ET, Skechers stock was up almost 17%. A record start to the new year In Q1, Skechers' sales surged by nearly 13% to $2.25 billion. The bigger growth driver was its direct-to- consumer sales channel. That's significant because direct-to-consumer sales are considerably higher-mar ...