Skechers USA (SKX) | News Based Sentiment Analysis

• On September 21, 2025, Skechers reported a strong second quarter, exceeding analyst expectations with earnings of $1.13 per share – $0.27 above the $0.86 consensus estimate. Revenue also beat expectations, reaching $2.44 billion, a 13.1% increase year-over-year compared to the anticipated $2.35 billion, demonstrating robust financial performance.
• Skechers is aggressively expanding its presence in India, planning to open 60 new stores in the near future (as of September 30, 2025), maintaining a 50:50 split between company-owned and franchised locations. This expansion includes recent growth in Bengaluru and future plans for Punjab, signaling a commitment to the Indian market.
• The company continues to invest in brand building through strategic partnerships, exemplified by a new partnership with the Indian Premier League (IPL) team Mumbai Indians announced in 2025. Simultaneously, Skechers launched high-performance cricket shoes tailored for the Indian market, further solidifying its presence in the region.
• Despite the acquisition by 3G Capital closing on September 12, 2025, Skechers demonstrated continued operational momentum, extending its Premier partnership with Melbourne Victory for two seasons on September 19, 2025, coinciding with the launch of the new SKX_2 CTRL football boot.
• Institutional investors continued to show confidence, with Pallas Capital Advisors LLC increasing its holdings by 509.6% to 21,684 shares valued at $1,368,000 during the second quarter, and Amundi increasing its stake by 9.1% to 254,117 shares worth $14,429,000 (as of September 21, 2025).
• Analysts maintain a "Hold" rating on Skechers with a price target of $66.46 (as of September 21, 2025), based on 5 "buy", 9 "hold", and 0 "sell" ratings. This suggests the 3G Capital acquisition price of $63 per share was considered fair value by many on Wall Street.
• Short interest in Skechers decreased significantly by 25.4% to 2,550,000 shares as of August 31st, 2025, down from 3,420,000 shares on August 15th, 2025, indicating reduced bearish sentiment.

The Investment Story: September was a month of transition for Skechers, marked by the completion of its acquisition by 3G Capital, but also characterized by continued strong financial performance, strategic partnerships, and expansion into key international markets like India.

What It Means for Investors: The acquisition provides a clear exit for existing shareholders at $63 per share. While no longer publicly traded, the continued institutional interest, positive earnings report, and expansion plans suggest potential for future value creation under 3G Capital’s ownership.

Looking Ahead: Investors who received equity units will be closely watching 3G Capital’s integration plans and operational strategies, particularly how they leverage the brand’s momentum in markets like India and the continued success of product launches like the AERO series.

The Bottom Line: Skechers concluded its run as a public company on a positive note, delivering a solid return to shareholders and entering a new phase under private ownership with a strong foundation for continued growth and brand expansion.