Skechers USA Inc (MEX:SKX)

MXN 1387 0 (0%) Market Cap: 206.54 Bil Enterprise Value: 230.41 Bil PE Ratio: 16.65 PB Ratio: 2.34 GF Score: 68/100

Skechers USA Inc at Morgan Stanley Life After Covid Thematic Conference (Virtual) Transcript

May 18, 2021 / 07:00PM GMT

Transcript

Kimberly Conroy Greenberger

Morgan Stanley, Research Division - MD

Hi. My name is Kim Greenberger, and I'm the branded apparel and footwear and softlines analyst here at Morgan Stanley. We're very pleased to host Skechers today. Skechers is a company that, in our view, should benefit from longer-term trends that were in place before COVID and accelerated over the past year. We discussed this in our latest (inaudible) and recently upgraded the stock to overweight.

Skechers is an $8 billion market cap branded footwear company with over -- with a number of stores across 170 countries around the world. Skechers' product offering spans over 3,000 styles and 30-plus brands serving all genders, ages and categories. It ranks as the #1 brand for walk, work, casual and casual lifestyle shoes in the U.S. And Skechers generated over $5 billion revenue -- $5 billion in sales in 2019, nearly 50% of which are international. They're on track to deliver over $6 billion here in 2021.

Today, we're joined by Skechers CFO, John Vandemore. John joined the company in 2017 and directs Skechers' overall

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