SKX Stock Recent News

Skechers is set to step into a new era. The global footwear giant announced on Monday that it has agreed to be acquired by private equity powerhouse 3G Capital in a deal that will take the company private.

Skechers to be acquired by 3G Capital in take-private deal, shares soar 25%

Skechers agreed to become a privately held company through a merger with 3G Capital.

Footwear company Skechers said on Monday it had agreed to be acquired by investment firm 3G Capital in a deal worth $9.4 billion.

LOS ANGELES & NEW YORK--(BUSINESS WIRE)--Skechers U.S.A., Inc. (“Skechers” or the “Company”) (NYSE: SKX), a Fortune 500 company and the third largest footwear company in the world, today announced that it has agreed to be acquired by 3G Capital, a global investment firm built on an owner-operator approach to long-term investing. One of the largest founder-led consumer product companies in the world with $9 billion in annual sales, Skechers' significant growth over the past 30 years has been dri.

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?

U.S. stock futures were higher this morning, with the Nasdaq futures gaining around 50 points on Friday.

SKX's first-quarter results reflect higher year-over-year sales, highlighting strong global demand and effective execution across distribution channels.

Skechers U.S.A., Inc. (NYSE:SKX ) Q1 2025 Earnings Conference Call April 24, 2025 4:30 PM ET Company Participants Soo Hwang - Senior Director of International Merchandising David Weinberg - COO John Vandemore - CFO Conference Call Participants Jay Sole - UBS Laurent Vasilescu - BNP Paribas Peter McGoldrick - Stifel Adrienne Yih - Barclays Alex Straton - Morgan Stanley John Kernan - TD Cowen Jesalyn Wong - Evercore ISI Josh Reiss - Raymond James Krisztina Katai - Deutsche Bank Chris Nardone - Bank of America Anna Andreeva - Piper Sandler Tom Nikic - Needham & Company Sam Poser - Williams Trading Operator Greetings, and welcome to Skechers First Quarter 2025 Earnings Conference Call.

Alphabet (GOOGL) and Intel (INTC) beat in Q1, but Skechers (SKX) was mixed and fell in after-hours trading.