Skechers beat analysts’ estimates for revenue in the fourth quarter. TheStreet’s Jim Cramer says the company’s great quarter is due to revenues expanding dramatically all over the globe. Skechers, he says, is a niche business, catering to the casual, older consumer. He says the company has a product that is not Nike and is not Under Armour. Their biggest problem, Cramer says, is distribution and whether they can get it to all the customers that want it. Skechers said revenue grew 26.4 percent year-over-year for the quarter. The company reported earnings of $0.43 a share which was in line with analysts’ estimates. Cramer believes the stock can go much higher.
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