Skechers stock slides as it withdraws 2025 guidance due to economic and tariff uncertainties [Yahoo! Finance Canada]
Nike, Inc. (NKE)
Last nike, inc. earnings: 3/24 04:15 pm
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Source: Yahoo! Finance Canada
The shoemaker reported its first quarter results on Thursday after market close. It withdrew its 2025 guidance, citing "macroeconomic uncertainty stemming from global trade policies." It had released in February that it expected 2025 sales of $9.70 billion to $9.80 billion, and diluted earnings per share of $4.30 to $4.50. The company said it doesn't plan to provide any updated guidance at this time. This trend could be indicative of future earnings for sportswear giants like Lululemon ( LULU ) and Nike ( NKE ), which also imports a substantial portion of their products. Tariffs have shaken up Skechers' plans, as it imports 100% of its US products. Around 40% are from Vietnam, while another 40% are from China, which now faces a 145% duty. Shares fell as much as 8% following the results in after-hours trading. Year to date, Skechers stock is down nearly 25%. Peers Nike ( NKE ), Deckers ( DECK ), and Crocs ( CROX ) are down around 22%, 45%, and 9%, respectively. The S&P 500 ( ^
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NKE
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- 12/23/25 - Form 4
- 12/23/25 - Form 3/A
- 12/23/25 - Form 4
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