Skechers USA Inc (NYSE:SKX)
$ 67.78 -0.29 (-0.43%) Market Cap: 10.34 Bil Enterprise Value: 10.97 Bil PE Ratio: 17.84 PB Ratio: 2.49 GF Score: 91/100

Skechers USA Inc at Morgan Stanley Global Sporting Goods Conference Transcript

Sep 28, 2022 / 02:00PM GMT
Release Date Price: $34.39 (+3.15%)
Albert Lin;John M

My name is Albert Lin. I am the Consumer Sector Specialist here at Morgan Stanley. I work in the Institutional Equities division. I am super pleased to host Skechers today at our Second Annual Global Sporting Goods Day. So let's just start a little bit with about who Skechers is.

Skechers is a $6 billion market cap branded footwear company with over 4,000 stores worldwide across 180 countries. Its products offering span over 3,000 styles and over 30-plus brands serving all genders, ages and categories. And it ranks as the #1 brand for walk, work, casual and casual lifestyle shoes in the U.S.

Skechers generated over $6 billion in sales in 2021, nearly 60% of which were international and is on track to deliver more than $7 billion in sales in 2022. Today, we're joined by Skechers' Chief Financial Officer, John Vandemore. John joined the company in 2017 and has great experience, over 2 decades of business finance experience, including senior finance roles at Mattel, International Game Technology and Disney. John, thanks so much for joining us today, and welcome.

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