Gisela Wong's questions to Skechers USA Inc (SKX) leadership • Q2 2024
Question
Gisela Wong asked about the flow-through of delayed European shipments into Q3, the risk of port congestion, and whether China's high single-digit constant currency growth trend is expected to hold in the second half.
Answer
Executive David Weinberg used inventory data to illustrate the Q2 disruption, with on-hand inventory in Europe down 40% while in-transit was up over 150%, confirming this delayed product is now flowing through and supports the raised guidance. Regarding China, he declined to give specific country-level guidance but reiterated expectations for growth for the full year, acknowledging that hiccups are possible in the recovering market. He emphasized long-term optimism and continued investment in the region.