This company has been acquired
Skechers U.S.A Management
Management criteria checks 2/4
Skechers U.S.A's CEO is Robert Greenberg, appointed in Jan 1992, has a tenure of 33.67 years. total yearly compensation is $23.53M, comprised of 29.9% salary and 70.1% bonuses, including company stock and options. directly owns 12% of the company’s shares, worth $1.14B. The average tenure of the management team and the board of directors is 23.5 years and 23 years respectively.
Key information
Robert Greenberg
Chief executive officer
US$23.5m
Total compensation
| CEO salary percentage | 29.89% |
| CEO tenure | 33.7yrs |
| CEO ownership | 12.0% |
| Management average tenure | 23.5yrs |
| Board average tenure | 23yrs |
Recent management updates
Recent updates
Skechers Sprints Past Bid - Strong Sell
Summary Skechers is being acquired by 3G Capital for $63/share, with the family owners accepting the bid despite strong growth prospects. The stock currently trades above the buyout price, likely due to speculation about a higher bid or a potential increase from 3G Capital. A shareholder lawsuit demanding more transparency could delay or alter the deal, but the base case remains a $0.30/share loss if the deal closes as planned. Given limited upside and even significant downside risk, if the deal fails, I rate Skechers a strong sell due to an unattractive risk/reward profile. Read the full article on Seeking AlphaSkechers: Be Greedy When Others Fear Tariffs
Summary SKX is trading at a forward P/E of 10.76, a significant discount to historical valuations and competitors, making it a compelling buy, especially after recent market corrections. SKX’s focus on value and comfort products positions it well to weather economic downturns, with potential to gain market share from premium brands like Nike and Adidas. International Expansion and a good balance of DTC and Wholesale - two important growth levers. China exposure is also low; Contra Buy on valuation at these levels. Read the full article on Seeking AlphaSkechers: Undervalued And Gaining Market Share
Summary I estimate Skechers' intrinsic value at $12B or $80 per share, with revenue doubling to $18B by 2035, assuming improved operating margins and significant reinvestment. The footwear industry is mature with low growth, but Skechers gains market share by offering quality footwear at lower prices compared to premium brands. Skechers' 2024 revenue grew 12.1%, driven by EMEA and wholesale growth. DCT is trailing in growth but remains important as it stands out with 66% gross margins. I estimate that growth will continue at a lower trajectory, and investors will see increased returns after SKX breaks $1B in operating income. SKX is part of the outperforming peer group in the last 2 years, and investors may want to consider diversifying with some of the growth names like ONON or DECK. Read the full article on Seeking AlphaSkechers USA Remains A Solid Prospect For Growth And Value Investors Alike
Summary Skechers USA has shown impressive growth, with revenue jumping from $6.31 billion to $8 billion, driven by both wholesale and direct-to-consumer operations. Despite rapid growth, Skechers shares are attractively priced, making it an appealing opportunity for value and growth investors alike. Management aims to grow revenue to $10 billion by 2026, focusing on expanding physical stores, digital capabilities, and e-commerce platforms. With strong cash flows and low valuation multiples compared to peers, I rate Skechers USA a solid 'buy' for high-quality growth at a cheap price. Read the full article on Seeking AlphaSkechers: Slight Shadows On Q4 Outlook
Summary After an incredibly strong Q3, Skechers U.S.A., Inc.'s Q4 outlook is more mixed with macroeconomic turbulence in certain markets and some weaker sales signals. Despite an expected sequential slowdown, the Skechers growth story stands strong with EMEA and Indian market growth and store network expansion. SKX stock remains undervalued, and I estimate 31% upside to a fair value of $90.5. Read the full article on Seeking AlphaSkechers' Q3 Was Strong
Summary Skechers U.S.A., Inc. reported strong Q3 results with 15.9% revenue growth as the company's brand ambassador marketing has paid off. The footwear industry has been weak due to weak consumer spending, underlining the strength of Skechers' growth. Despite the great performance, SKX stock has remained stagnant, highlighting a remaining undervaluation. Read the full article on Seeking AlphaSkechers: Lacing Up For Earnings Growth, Current Prices Attractive For The Long Term
Summary Skechers is undervalued, trading at ~15x NTM earnings with a 5-year forward earnings CAGR of 12%, presenting a compelling investment opportunity. Increased direct-to-consumer revenue has boosted margins by reducing reliance on middlemen, enhancing profitability. Positive brand perception among younger generations is expected to drive top-line growth in the coming years. Skechers' discounted share price, combined with its future growth potential, makes it an attractive investment. Read the full article on Seeking AlphaSkechers: China's Weakness Was An Overreaction (Rating Upgrade)
Summary Skechers' recent share price drop, due to Chinese market softness, is an overreaction, presenting a buying opportunity for long-term investors. The company shows strong financial performance, with improved margins and a solid balance sheet, despite slight Q2 softness. Management's focus on the DTC segment and strategic investments will drive future growth and margin improvements. Skechers is trading at a 27% discount to its intrinsic value, making it a compelling buy even amid potential economic downturns. Read the full article on Seeking Alpha
Calculated Alliances, Global DTC Expansion, And Innovative Comfort Tech Fuel Brand's Ascension
Strategic partnerships and expanded product lines through innovation are poised to boost consumer demand and revenue growth.Skechers Is An Excellent Long-Term Buy And Hold
Summary Skechers is a steady performer in casual and athletic footwear, offering good returns to shareholders, with an impressive 14% annual return in the last 10 years. Skechers' sustainability, durability, and diverse appeal shield investors from volatility. Skechers higher margin DTC segment is growing faster than its wholesale segment, expanding margins for the company. Asia Pacific should continue to grow fast, allowing Skechers to grow revenues at 10% and earnings at 17% for the next 4 years. At a P/E of 16, and a PEG ratio of just 0.8, Skechers is a bargain. Read the full article on Seeking AlphaCEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Jun 30 2025 | n/a | n/a | US$665m |
| Mar 31 2025 | n/a | n/a | US$635m |
| Dec 31 2024 | US$24m | US$7m | US$639m |
| Sep 30 2024 | n/a | n/a | US$627m |
| Jun 30 2024 | n/a | n/a | US$580m |
| Mar 31 2024 | n/a | n/a | US$592m |
| Dec 31 2023 | US$19m | US$7m | US$546m |
| Sep 30 2023 | n/a | n/a | US$534m |
| Jun 30 2023 | n/a | n/a | US$475m |
| Mar 31 2023 | n/a | n/a | US$412m |
| Dec 31 2022 | US$22m | US$6m | US$373m |
| Sep 30 2022 | n/a | n/a | US$700m |
| Jun 30 2022 | n/a | n/a | US$717m |
| Mar 31 2022 | n/a | n/a | US$764m |
| Dec 31 2021 | US$24m | US$6m | US$742m |
| Sep 30 2021 | n/a | n/a | US$392m |
| Jun 30 2021 | n/a | n/a | US$354m |
| Mar 31 2021 | n/a | n/a | US$148m |
| Dec 31 2020 | US$20m | US$6m | US$99m |
| Sep 30 2020 | n/a | n/a | US$105m |
| Jun 30 2020 | n/a | n/a | US$144m |
| Mar 31 2020 | n/a | n/a | US$287m |
| Dec 31 2019 | US$14m | US$5m | US$347m |
| Sep 30 2019 | n/a | n/a | US$334m |
| Jun 30 2019 | n/a | n/a | US$322m |
| Mar 31 2019 | n/a | n/a | US$292m |
| Dec 31 2018 | US$27m | US$5m | US$301m |
Compensation vs Market: Robert's total compensation ($USD23.53M) is above average for companies of similar size in the US market ($USD8.50M).
Compensation vs Earnings: Robert's compensation has increased by more than 20% in the past year.
CEO
Robert Greenberg (85 yo)
Mr. Robert Y. Greenberg has been the Chairman and Chief Executive Officer of Skechers USA Inc. since October 1993. Mr. Greenberg founded Skechers USA Inc. in 1992. From 1979 to 1992, Mr. Greenberg served a...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Founder | 33.7yrs | US$23.53m | 12% $ 1.1b | |
| Co-Founder | 33.7yrs | US$17.12m | 0.42% $ 39.6m | |
| Chief Financial Officer | 7.8yrs | US$7.17m | 0.067% $ 6.3m | |
| Executive VP | 19.7yrs | US$13.12m | 0.19% $ 18.5m | |
| Executive Vice President of Product Development | 23.5yrs | US$6.31m | 0.024% $ 2.3m | |
| Senior Manager Investor Relations | no data | no data | no data | |
| Executive VP of Business Affairs | 27.3yrs | US$2.01m | 0.010% $ 971.5k | |
| Senior Vice President of Domestic Sales | 3yrs | no data | no data | |
| Manager of Cybersecurity Engineering | no data | no data | no data |
Experienced Management: SKX's management team is seasoned and experienced (23.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Founder | 31.9yrs | US$23.53m | 12% $ 1.1b | |
| Co-Founder | 33.7yrs | US$17.12m | 0.42% $ 39.6m | |
| Executive VP | 27.2yrs | US$13.12m | 0.19% $ 18.5m | |
| Lead Independent Director | 26.3yrs | US$364.87k | 0.11% $ 10.1m | |
| Independent Director | 19.7yrs | US$429.87k | 0.034% $ 3.2m | |
| Independent Director | 6.3yrs | US$364.87k | 0.0099% $ 941.1k | |
| Independent Director | 3.4yrs | US$329.87k | 0.0090% $ 851.9k | |
| Independent Director | 3.8yrs | US$329.87k | 0.0086% $ 814.0k |
Experienced Board: SKX's board of directors are seasoned and experienced ( 23 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/09/13 19:48 |
| End of Day Share Price | 2025/09/11 00:00 |
| Earnings | 2025/06/30 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Skechers U.S.A., Inc. is covered by 14 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| John Staszak | Argus Research Company |
| Brian McNamara | Berenberg |
| Laurent Vasilescu | BNP Paribas |