Skechers USA Stock Sinks as Footwear Firm Pulls Outlook

Key Takeaways

Skechers USA (

SKX

) shares tumbled in premarket trading Friday, a day after the footwear maker pulled its full-year forecasts amid tariffs uncertainty.

The shoe company said after the bell Thursday that it was suspending its full-year outlook it provided last quarter “due to macroeconomic uncertainty stemming from global trade policies.”

In February
, Skechers’ fiscal 2025 outlook disappointed as the company said it expected sales of $9.7 billion to $9.8 billion and
earnings per share (EPS)
of $4.30 to $4.50.

For the first quarter, Skechers reported $2.41 billion in sales along with adjusted EPS of $1.17, with both metrics coming in narrowly below Visible Alpha consensus estimates.

Last month
, Morgan Stanley analysts said footwear makers like Skechers could be particularly hard hit by tariffs on imports from countries like Vietnam, as roughly a third of the shoes imported into the U.S. last year came from the country. They said it would likely be difficult for many shoe companies to raise prices to offset the tariff costs without hurting demand for their products.

Skechers shares, which had lost about a quarter of their value so far this year entering Friday, were down 6.5% in premarket trading.

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