Cramer: It's up 169% this year—with room to run
Once again, Skechers has crushed the competition with a monster earnings beat. Jim Cramer considers it one of the most well-managed footwear companies, and it has been on an epic multiyear run. Quarter after quarter, somehow it continues to trample Wall Street's expectations and send the stock higher.
Read MoreClick here to watch Cramer's interview with Skechers
Skechers reported a huge earnings beat on Wednesday night, posting $1.55 a share when the analysts were only looking for $1.01, and higher than expected revenue that increased 36.4 percent, year-over-year. It also posted double-digit increases in all three of its main business channels and 12.9 percent same-store-sales growth in company-owned stores.
Additionally, management provided bullish commentary; CEO Robert Greenberg confirmed that the present has never looked as colorful, comfortable and successful due to its product and marketing.
To hear more about the quarter, Cramer spoke with Skechers' chief operator and chief finance officer, David Weinberg.
"We think comfort rules, and we are working very hard to bring comfort to the game," Weinberg said.
Already the No. 1 walking brand in the country, Skechers also became the No. 2 athletic footwear brand in the U.S. in the past year. With its rapid growth in the U.S., Weinberg confirmed that the company is looking to gain more territory worldwide.
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In fact, even with all of the turmoil recently in China, the Skechers executive says the company has struggled to meet the demand of the buyers in China.
"We are a small player there, but it is starting to be very, very big for us, and it will be our biggest market outside of the United States," Weinberg said.
He added that the question will not be whether Skechers can meet the demand in China; it will be how big the demand is and how fast it will come. Skechers recently moved to a franchise model, which will allow it to grow with the rapid demand.
"We talk about Nike, we talk about Under Armour. This is the best one," Cramer said.
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