Skechers withdraws annual forecast due to trade uncertainty, shares drop 7%.

From Yahoo Finance.: 2025-04-24 18:04:00

Skechers withdraws annual forecast due to trade policy uncertainty. Shares drop 7%. Company aims to reduce production costs by diversifying sourcing. China accounts for 38% of U.S. sales. Tariffs on Chinese goods at 145% impact input costs and consumer prices. Uncertainty hinders business decisions. Skechers warns of significant tariff impacts. Q1 sales miss estimates, China sales down 16%. Footwear industry hit by Asia manufacturing exposure. Other companies lower forecasts due to tariff pressures. Skechers stock down 25% this year.



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