Skechers falls after withdrawing annual outlook due to tariff uncertainty

Skechers USA

24/04/2025 21:25

** Shares of footwear maker Skechers SKX.N fall 8.21% to $46.25 in after market trade

** Co says it is withdrawing previous annual forecast due to macroeconomic uncertainty stemming from global trade policies

** It previously expected annual sales of $9.70 billion to $9.80 billion

** Posts Q1 sales of $2.41 billion compared to estimates of $2.43 billion, according to data compiled by LSEG

** Stock down ~25% YTD

 (Reporting by Sriparna Roy in Bengaluru)

 ((Sriparna.Roy@thomsonreuters.com;))