Skechers USA Unlikely To Raise Outlook Due To Eurozone Hurdles, Says Analyst
Skechers USA Unlikely To Raise Outlook Due To Eurozone Hurdles, Says Analyst
Wedbush analyst Tom Nikic reiterated an Outperform rating on the shares of Skechers USA Inc (NYSE:SKX) with a price target of $68.
Nike Inc (NYSE:NKE) and Levi Strauss & Co (NYSE:LEVI) recently reported February-quarter results and both saw worsening EMEA trends sequentially, noted the analyst.
At over 20% of sales, Europe is a meaningful part of SKX's business, and though the management has counted it in a conservative guidance, the macro challenges in Europe likely limit upside to the quarter and guidance, noted the analyst.
According to the analyst, strong demand trends, particularly among the new Slip-In innovation, 1H23 was an exceptionally strong period for the U.S. DTC.
With the trends moderating in 2H23, the analyst sees further normalization to mid-single-digit growth in the first quarter and the rest of the year.
Based on the strengthening of the U.S. dollar since SKX reported fourth-quarter results, the analyst estimates a net EPS headwind of $0.10-$0.15.
Though the near-term story looks challenging, compelling points for a bullish stance include a strong product-innovation-and-marketing engine, momentum in Asia, which is larger than Europe for SKX, recovery potential in the U.S. wholesale channel and a strong balance sheet.
Given a tougher macro environment, the analyst guesses a reiteration of guidance is the most likely scenario.
Price Action: SKX shares are trading lower by 0.33% at $56.67 on the last check Friday.
Photo via Wikimedia Commons
Wedbush analyst Tom Nikic reiterated an Outperform rating on the shares of Skechers USA Inc (NYSE:SKX) with a price target of $68.
Wedbush分析師湯姆·尼基奇重申了對斯凱奇美國公司（紐約證券交易所代碼：SKX）股票的跑贏大盤評級，目標股價爲68美元。
Nike Inc (NYSE:NKE) and Levi Strauss & Co (NYSE:LEVI) recently reported February-quarter results and both saw worsening EMEA trends sequentially, noted the analyst.
該分析師指出，耐克公司（紐約證券交易所代碼：NKE）和李維·施特勞斯公司（紐約證券交易所代碼：LEVI）最近公佈了2月份的季度業績，兩者的歐洲、中東和非洲趨勢均連續惡化。
At over 20% of sales, Europe is a meaningful part of SKX's business, and though the management has counted it in a conservative guidance, the macro challenges in Europe likely limit upside to the quarter and guidance, noted the analyst.
分析師指出，歐洲佔銷售額的20％以上，是SKX業務的重要組成部分，儘管管理層在保守的指導下將其計算在內，但歐洲的宏觀挑戰可能會限制本季度的上行空間和指引。
According to the analyst, strong demand trends, particularly among the new Slip-In innovation, 1H23 was an exceptionally strong period for the U.S. DTC.
根據分析師的說法，強勁的需求趨勢，尤其是在新的滑入式創新中，對於美國DTC而言，23年上半年是一個異常強勁的時期。
With the trends moderating in 2H23, the analyst sees further normalization to mid-single-digit growth in the first quarter and the rest of the year.
隨着2H23年趨勢的放緩，分析師預計，第一季度和今年餘下的時間將進一步正常化至中等個位數的增長。
Based on the strengthening of the U.S. dollar since SKX reported fourth-quarter results, the analyst estimates a net EPS headwind of $0.10-$0.15.
根據自SKX公佈第四季度業績以來美元的走強，分析師估計淨每股收益爲0.10美元至0.15美元。
Though the near-term story looks challenging, compelling points for a bullish stance include a strong product-innovation-and-marketing engine, momentum in Asia, which is larger than Europe for SKX, recovery potential in the U.S. wholesale channel and a strong balance sheet.
儘管短期故事看起來充滿挑戰，但看漲立場的引人注目的要點包括強大的產品創新和營銷引擎、SKX的亞洲勢頭（SKX大於歐洲）、美國批發渠道的復甦潛力以及強勁的資產負債表。
Given a tougher macro environment, the analyst guesses a reiteration of guidance is the most likely scenario.
鑑於更艱難的宏觀環境，分析師猜測重申指導方針是最有可能的情況。
Price Action: SKX shares are trading lower by 0.33% at $56.67 on the last check Friday.
價格走勢：週五最後一次支票中，SKX股價下跌0.33％，至56.67美元。
Photo via Wikimedia Commons
照片來自維基共享資源
譯文內容由第三人軟體翻譯。
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