Overview

• Skechers suspended its full-year sales and profit outlook due to global trade policy uncertainty, including record-high U.S. tariffs on Chinese imports.
• The company reported Q1 revenue of $2.41 billion and adjusted EPS of $1.17, both narrowly missing analyst expectations.
• Shares fell 7% in after-hours trading following the announcement, extending a year-to-date decline of 25%.
• Skechers sources 40% of its U.S. products from China, now subject to 145% tariffs, and is actively diversifying its supply chain to reduce exposure.
• Executives warned of significant tariff-related cost impacts starting late Q2, with acute effects expected by Q3.