Skechers USA falls after annual forecasts below estimates

Skechers USA

06/02/2025 21:39

** Shares of footwear maker Skechers USA  SKX.N  down 13% at
$65.85 in extended trade
    ** Company's expects annual sales of $9.70 billion to $9.80
billion, below estimates of $9.88 billion, according to data
compiled by LSEG
    ** Annual adj. EPS forecast of $4.30 to $4.50 also below
estimates of $4.89
    ** Q4 net sales of $2.21 billion also miss estimates of
$2.22 billion as company battles weak demand in China
    ** In 2024, SKX rose 7.9%

 (Reporting by Juveria Tabassum in Bengaluru)
 ((Juveria.Tabassum@thomsonreuters.com;))