Skechers falls after withdrawing annual forecast on economic uncertainty

Shares of footwear maker Skechers SKX.N up 6.9% at $47.00 premarket

Co pulls annual forecasts due to economic uncertainty fueled by President Trump's trade policy

Co says it will address impact from tariffs by cost sharing with vendors, sourcing optimization and price adjustments

Production shift is most challenged for co's kids segment, a smaller, lower margin yet additive business which is most China exposed - TD Cowen

Brokerage notes underlying business trends are strong; says demand creation will emphasize brand's "reasonable price" appeal

SKX's Q1 sales growth of 7.1% also misses estimates of a 7.9% jump - data compiled by LSEG

U.S.-listed shares of footwear cos Nike NKE.N, Crocs CROX.N, On Holdings ONON.N down about 1% each premarket

As of last close, SKX down ~25% YTD