Skechers Withdraws Its Annual Guidance Due to US Tariffs (1)

Skechers USA Inc. fell sharply in late trading after withdrawing its full-year outlook, citing “macroeconomic uncertainty stemming from global trade policies.”

The shares fell 7.1% at 4:58 p.m. in after-market trading in New York on Thursday. The stock has declined 25% this year through Thursday’s close.

Skechers Chief Executive Officer Robert Greenberg said in a statement that the company is moving to navigate through “economic volatility.” The company posted first-quarter sales that were slightly below the average analyst estimate.

Global supply chains have been roiled by US President Donald Trump’s trade war with the rest of the world, and ...