Overview

• Skechers withdrew its 2025 financial guidance, attributing the decision to macroeconomic uncertainty caused by volatile global trade policies.
• The company reported Q1 sales growth of 7.1%, falling short of analysts' expectations of 7.9%.
• Shares of Skechers dropped approximately 7% following the announcement, adding to the stock's 25% year-to-date decline.
• Executives warned of more significant tariff impacts emerging at the end of Q2 and intensifying in Q3, prompting a shift in sourcing strategies to reduce exposure to high-cost regions.
• Management emphasized that the decision to suspend guidance was unrelated to consumer demand, with two-thirds of the company's business unaffected by U.S. tariffs.