Skechers U.S.A., Inc Shares Up 7% on Strong Q4 Results
<p><a href='https://financialmodelingprep.com/financial-summary/SKX'>Skechers U.S.A., Inc. (NYSE:SKX) </a>shares were trading around 7% higher Friday afternoon following the company’s Q4 beat, driven by better than expected revenues (up 24% year-over-year vs. the consensus estimate of 17%), particularly in the company's retail and international wholesale channels (China grew 9% despite temporary store closures due to COVID-19 and supply chain restrictions).</p>
<p>While domestic wholesale channel came in below consensus estimates (up 5% year-over-year vs. the consensus estimate of 12%), management noted that deliveries in December improved from earlier in the quarter with the pace of shipments to the company's wholesale partners picking up.</p>

NYSE:SKX