Reported 1 day ago
Skechers has withdrawn its sales guidance for 2025 due to uncertainties from global trade policies and tariffs, causing its stock to fall 7% in after-hours trading. The company's CFO clarified that the decision is not linked to consumer demand, but Skechers faces challenges as it imports all of its products in the U.S., with significant sourcing from China and Vietnam. Analysts warn of a tougher macroeconomic environment ahead, and Skechers' high exposure to China poses additional risks. Despite meeting first-quarter expectations, investor caution grows as many companies may follow Skechers in withdrawing guidance amid these uncertainties.
Source: YAHOO