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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSkechers CFO: We're taking share across-the-board as we bring 'newness and innovation'John Vandemore, Skechers CFO, joins 'Money Movers' to discuss who the company is most taking share from, the distinction in the way Skechers' brand is being perceived, and how big celebrity endorsements are.
Persons: John Vandemore
Skechers on Thursday reported record quarterly sales. Skechers reported record quarterly sales on Thursday, and executives said that despite some "recessionary signals" in the marketplace, they expect a strong second half, buoyed by robust demand for its new slip-on shoes. Utah-based Kizik and industry leader Nike also are investing in slip-on technology in order to meet rising demand. The second half is where we see a ton of opportunity." Among the opportunities in the second half: slip-on shoes.
Ian Borden, McDonald’s CFO Photo: McDonald'sThere are really a couple of drivers for this year that resulted in that adjusted outlook. I think what I would say, coming into the role, is certainly it’s an area that I’m going to be focused on. But so far, we’ve seen [a] continued strong impact on our recommendations products from advancing developments in our AI work. We do expect that to be considerably higher than what we’ve seen in the past, reflecting the inflation that we’re dealing with across the business. When we talk about the impact of inflation, it is not just a domestic impact, it’s international as well.
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