The balance continues between operating margin expansion and investments to drive the quest towards $10 billion in revenue at Skechers, the company shared at Wells Fargo’s Consumer Conference. With a near-term goal of returning operating margin to 2019’s level of just under double digits, SKX sees no structural issues holding back the no. 3 sneaker brand from hitting its 11% to 13% long-term goal. The current game plan sees a strong gross margin accretion in DTC and international flowing down to offset needed investment.

Skechers’ believes its recent entry into the soccer ... Log in to view full article.