BUZZ-Skechers USA falls after annual forecasts below estimates
ReutersFeb 6, 2025 9:39 PM
Shares of footwear maker Skechers USA SKX.N down 13% at $65.85 in extended trade
Company's expects annual sales of $9.70 billion to $9.80 billion, below estimates of $9.88 billion, according to data compiled by LSEG
Annual adj. EPS forecast of $4.30 to $4.50 also below estimates of $4.89
Q4 net sales of $2.21 billion also miss estimates of $2.22 billion as company battles weak demand in China
In 2024, SKX rose 7.9%
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