Skechers Stock Tumbles on Weak Outlook, Concerns Over Trump Tariffs | Global News Avenue

Coater Skechers’ shares plunged 12% in previous market trading on Friday after disappointing prospects and CEO comments on the potential impact of tariffs.

Skechers(SkxBell reported the highest adjusted earnings in the fourth quarter, estimated at more than $130.3 million, or 86 cents a share, while $2.21 billion in revenue roughly matched analysts’ forecasts.

In Skechers’ forward-looking forecasts, the situation is not very positive, which analysts expect. The apparel maker said it expects revenues of $2.4 billion to $2.43 billion in the first quarter, Earnings per share (EPS) $1.10 to $1.15, below Visible Alpha compilation of EPS consensus estimates of $2.48 billion and $1.56.

The company has not yet estimated full-year estimates, with revenue of $9.7 billion to $9.8 billion, with revenue of $4.30 to $4.50 per share, with revenue of less than $9.86 billion per share, and each stock analyst is expected to lead the company’s income.

CEO says Skechers faces “several headwinds and uncertainties” in 2025

Skechers CEO John Vandemore said in the company’s call for revenue that the company faces “several headwinds and uncertainties” in 2025, such as exchange rates and “China’s ongoing macroeconomic weaknesses”, According to the transcript provided by Alphassence.

“The recently announced U.S. tariffs on Chinese goods have affected our visibility,” Van der Moore said. “While we have not yet fully considered its potential impact and our response to the guidance below, it may constitute a variety of actions, including Redistribution of certain production, supplier offers and pricing.”

Skechers’ shares fell more than 12% on Friday morning after entering a day of more than 30% in the past 12 months.