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Skechers's (SKX) fourth quarter annual sales and profit forecast fell short of expectations, with the company citing tariffs and currency effects as key factors. The company reported total sales of $8.97 billion for its 2024 fiscal year — a 12% rise from the previous year's $8 billion.
Skechers CFO John Vandemore warns that US tariffs on Chinese goods impacted the company's earnings visibility, while a strengthening dollar (DX=F, DX-Y.NYB) also hurt its numbers. Despite this, some analysts view Skechers as a growth stock.
Watch the video above to hear Yahoo Finance’s Julie Hyman discuss these challenges with Wealth host Brad Smith, highlighting the impact of currency as well as tariffs on the company's outlook.
To watch more expert insights and analysis on the latest market action, check out more Wealth here.
This post was written by Josh Lynch
