doc martens triumph 1914 Articles about Skechers Usa Inc
swung to a second quarter profit because of improved control over inventory and expenses, as well as higher same store sales. Net income for the Manhattan Beach based shoe company was $8.3 million, or 21 cents a share, contrasted with a loss of $2.1 million, or 6 cents a share, for the same period a year earlier. The results beat estimates by analysts polled by Thomson First Call, who expected 17 cents a share. Sales in the latest quarter rose 2% to $234.7 million from $229.
ARTICLES BY DATESkechers laces up profit while trying on a new apparel line
August 18, 2013 By Ronald D. White
Trendy footwear maker Skechers USA Inc.,
trying to overcome the controversy from its toner shoes, is increasing its modest gains from last year and so far outrunning Wall Street’s expectations this year. The Manhattan Beach company has posted profits in the last two quarters that exceed last year’s total earnings. Its second quarter net income of 14 cents a share blew past analysts’ expectations of 3 cents, on average. Gear into the world’s third largest footwear giant with $1 billion in sales in 1990 before it slumped and he was pushed out. In the hip teenager lingo of the time, a skecher was someone who was antsy and couldn’t sit still.
Skechers’ Net Income Jumps 61% in Quarter
April 27, 2006 From Reuters
Skechers USA Inc. wholesale and retail sales. The Manhattan Beach based company said net income for the quarter ended March 31 was $16.6 million, or 38 cents a share, compared with $10.3 million, or 25 cents,
a year earlier. Bryan Shaw, 52, of Lake Sherwood admitted in a plea agreement that he conspired with KPMG’s Scott London to trade in the stocks of the accounting firm’s clients. The pair were longtime friends who enjoyed golfing together. said its third quarter profit doubled because of improved sales and managed costs. The Manhattan Beach based company’s net income jumped to $12.6 million, or 30 cents a share, compared with $6 million, or 15 cents, in the same period last year. Earnings were in line with Wall Street’s expectations. Sales rose 5.9% to $272.8 million. told employees in an e mail that reports of a possible buyout of the footwear company were “disruptive.” But CEO Robert Greenberg sidestepped telling workers outright whether the media speculation was true. Women’s Wear Daily reported this week that a private equity firm was considering buying Manhattan Beach based Skechers as well as Genesco Inc. and merging the two.
Suits and Shoes: A Manhattan Beach competitor of the trendy Dr. distributor Monday in Los Angeles over claims that the purveyor of footwear for the self consciously hip knowingly bills products “Made in England” that contain components fabricated in Asia. District Court in Los Angeles, accused Dr. Martens’ parent,
London based R.