Skechers Reports Solid Q2 Results, UBS Says

MT Newswires Live08-13

Skechers (SKX) delivered a strong Q2 sales beat largely driven by outperformance in EMEA, UBS said in a note Monday.

"Skechers is among the world's largest footwear brands and its growth potential is underappreciated," the report said. "We believe underlying demand for SKX's products remains robust and the Skechers brand name is as strong as it has ever been."

UBS also said it expects SKX to successfully mitigate impact of tariffs over time.

"We continue to expect the pending acquisition of SKX to take it private will close in 3Q25," UBS said. "This is the main reason our rating is neutral."

Price: 62.89, Change: -0.02, Percent Change: -0.04

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