|Bid||0.00 x 1100|
|Ask||0.00 x 900|
|Day's range||39.35 - 40.48|
|52-week range||33.50 - 53.86|
|Beta (5Y monthly)||1.30|
|PE ratio (TTM)||8.37|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
Shares of shoemaker Skechers (NYSE: SKX) have been on a wild ride. Since the company released its second-quarter 2022 earnings report, I've put Skechers on a short leash, and might sell the whole position later this year. The company's direct-to-consumer segment (sales from its website and retail stores) grew 38%.
Robust demand across the wholesale and direct-to-consumer channels aids Skechers' (SKX) Q2 results. However, COVID-led restrictions in China and supply-chain issues act as headwinds.
Certain statements contained herein, including, without limitation, statements addressing the beliefs, plans, objectives, estimates or expectations of the company or future results or events may constitute forward-looking statements that involve risks and uncertainties. Such forward-looking statements with respect to the COVID-19 pandemic include, without limitation, the company's plans in response to this pandemic. Additional forward-looking statements involve known and unknown risks, including, but not limited to, global, national and local economic business and market conditions, including supply chain delays and disruptions in general and specifically as they apply to the retail industry and the company.