Footwear Major Skechers Stock Sinks On Q4 Miss & Weak Outlook; Inventory Piles Up
Footwear and apparel company Skechers USA Inc (NYSE:SKX) shares are trading lower on Friday. The company reported fourth-quarter sales growth of 12.8% year-on-year to $2.21 billion, missing the analyst consensus estimate of $2.
Skechers' Shares Down 14% After Outlook Misses Estimates Amid Tariff Concerns
Shares of Skechers retreated after the shoe maker's outlook came up short of Wall Street expectations as it warned about uncertainty around the impact of higher tariffs on goods from China. The stock was down 14% to $65.25 in post-market trading Thursday. Through the close shares are up 30% in past year.
The reality is that shoe stocks often trade at bargain valuations, and the valuation for Skechers is now coming down -- it ...
Skechers shares saw a double-digit loss as Q4 results fell short of expectations, highlighting challenges in China and FX ...
Thank you for joining Skechers fourth quarter and full year 2024 earnings conference call. My name is Jason D'Eath, and I ...
Skechers USA (SKX) may have been described as a better investment than Nike (NKE) today but it couldn’t help its share price running backwards ...
The Kansas City Chiefs will play the Philadelphia Eagles in New Orleans this Sunday for their third consecutive Super Bowl ...
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