Why Are Skechers Shares Soaring Today?
Fri, Apr 26, 2024 7:33 PM

Why Are Skechers Shares Soaring Today?

A Flip by Avya Verma
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Shares of footwear and apparel maker Skechers USA Inc SKX are gaining after the company reported better-than-expected first-quarter FY24 earnings. Skechers reported first-quarter FY24 sales growth of 12.5% year-on-year to $2.251 billion, beating the analyst consensus estimate of $2.204 billion. The increase in sales was attributed to a 15.2% increase in International and a 7.8% increase.

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