1747 ET - Skechers becomes the latest company this earnings period to withdraw its financial guidance, citing macroeconomic uncertainty stemming from global trade policies. The shoe company joins Sonic Automotive, American Airlines, Delta Air Lines, and Alaska Air, who are among the businesses to pull their full-year guidance recently. The withdrawn view comes as Skechers reported higher sales in the first quarter. Sales did fall 16% in China, but Skechers still sees growth opportunities there and will continue to expand its infrastructure. Shares fall 7% to $47 in aftermarket trading. The stock was already down 25% year-to-date through Thursday's close. (roshan.fernandez@wsj.com)
(END) Dow Jones Newswires
April 24, 2025 17:47 ET (21:47 GMT)
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