Skechers USA INC

Market Movers (8-K)

3G Capital has completed its acquisition of Skechers U.S.A., Inc., taking the footwear company private in a transaction valued at $63.00 per share cash or a mix of cash and Parent Units.
Capital raise
Skechers and 3G Capital announce receipt of all required regulatory approvals, paving the way for the acquisition to close on September 12, 2025.
Capital raise
Skechers U.S.A., Inc. reported strong second-quarter 2025 sales growth driven by international markets, but faced declines in gross and operating margins.
Skechers U.S.A., Inc. has disclosed pro forma financial information related to its pending merger with an affiliate of 3G Capital Partners L.P., highlighting a significant increase in debt and a projected decrease in net earnings for the combined entity.
Capital raise
Worse than expected
Skechers U.S.A., Inc. held its annual meeting on May 20, 2025, and elected three directors to the Board for a three-year term.
Skechers U.S.A., Inc. has agreed to be acquired by 3G Capital in a deal valuing the company at $63 per share, offering an alternative mixed consideration option to existing stockholders.

Quarterly Earnings (10-Q)

Skechers U.S.A., Inc. announced record quarterly sales and increased earnings per share, while detailing its pending merger agreement and associated risks.
Better than expected
Delay expected
Skechers U.S.A., Inc. announces record first-quarter sales of $2.4 billion, marking a 7.1% increase year-over-year, fueled by strong international demand and growth in both wholesale and direct-to-consumer segments.
Worse than expected
Skechers reports record quarterly sales of $2.35 billion, a 15.9% increase year-over-year, fueled by strong global demand and innovative footwear.
Better than expected
Skechers reported record second-quarter sales of $2.16 billion, a 7.2% increase year-over-year, fueled by strong international and direct-to-consumer performance.
Worse than expected
Skechers reported record sales of $2.25 billion in the first quarter of 2024, marking a 12.5% increase year-over-year, fueled by strong international and direct-to-consumer performance.
Better than expected

Annual Reports (10-K)

Skechers U.S.A., Inc. announces a 12.1% increase in sales, reaching a new annual record of $8.97 billion for the year ended December 31, 2024, fueled by growth in both international and domestic markets.
Delay expected
Better than expected
Skechers U.S.A., Inc.'s 10-K filing outlines the company's share structure, voting rights, and corporate governance policies as of December 31, 2023.

Insider Trading (Form 4)

Richard Siskind, a director of Skechers USA Inc., disposed of all his Class A Common Stock holdings as part of a merger agreement at $63.00 per share.
Skechers Director Zulema Garcia disposed of all her Class A Common Stock holdings, including unvested shares and RSUs, at $63 per share due to a merger agreement.
Skechers Director Morton Erlich disposed of over 55,000 shares of Class A Common Stock on September 12, 2025, as part of a merger agreement.
Skechers CEO Robert Greenberg and the Greenberg Family Trust disposed of significant Class A and Class B common stock holdings as part of a merger agreement.
Skechers Chief Operating Officer David Weinberg disposed of all his Class A Common Stock holdings as part of a merger agreement.
Skechers Director Yolanda Macias sells shares for cash in merger.

Proxy Statements (Def-14A)

Skechers U.S.A., Inc. is set to merge with Beach Acquisition Merger Sub, Inc., a subsidiary of 3G Capital's Beach Acquisition Co Parent, LLC, in a transaction valued at approximately $10.37 billion, offering shareholders a choice of cash or a mix of cash and illiquid Parent Units.
Capital raise
Skechers U.S.A., Inc. is holding its annual stockholder meeting on May 20, 2025, and stockholders are encouraged to vote on the proposals.
Skechers U.S.A., Inc. will hold its annual meeting of stockholders virtually on May 20, 2025, to elect directors and transact other business.
Better than expected
Skechers U.S.A., Inc. is holding its annual stockholder meeting on May 23, 2024, and provides information on how to vote on the proposals.
Skechers U.S.A., Inc. will hold its annual meeting of stockholders virtually on May 23, 2024, to vote on director elections and a stockholder proposal regarding emissions disclosures.

Schedule 13D - Activist Investments

Robert Greenberg and the Skechers Voting Trust have completed a previously announced transaction, ceasing beneficial ownership of Skechers Class A Common Stock.
Skechers U.S.A., Inc. has entered into a definitive merger agreement to be acquired by affiliates of 3G Capital Partners L.P., with key stockholders, including Robert Greenberg and the Skechers Voting Trust, providing irrevocable consent for the transaction.

Schedule 13G - Passive Investments

Pentwater Capital Management LP and Matthew Halbower have reported 0% beneficial ownership of Skechers USA Inc. Class A Common Stock in an amended Schedule 13G filing.
Pentwater Capital Management LP and Matthew Halbower have reported a beneficial ownership of 5.4% of Skechers USA Inc.'s Class A Common Stock.
FMR LLC, along with its affiliates and Abigail P. Johnson, has reported a reduced beneficial ownership of 4.3% in Skechers USA Inc.'s Class A Common Stock, down from a previously held stake above 5%.
Worse than expected
BlackRock, Inc. has filed an Amendment No. 18 to Schedule 13G, reporting its beneficial ownership of 8.6% of Skechers USA Inc.'s Class A Stock as of March 31, 2025.
BlackRock, Inc. has filed an Amendment No. 17 to its Schedule 13G, reporting beneficial ownership of 9.8% of Skechers USA Inc.'s Class A Common Stock as of December 31, 2024.