SKX
📉 Sketchers shares dropped significantly after the company withdrew its full-year financial guidance.
🌍 The withdrawal was attributed to macroeconomic uncertainty stemming from global trade policies, impacting future outlook.
📊 Although Q1 sales were only slightly below estimates, the guidance removal signals significant concern about future performance.
@bernardodegarcia:
“Let’s go with Sketchers. Let’s see if I can spell it right this time. Sketchers. There it is, SKX. Shares plummeting 7% after withdrawing its full-year guidance, citing macroeconomic uncertainty derived from global trade policies. The shares are falling 7.3% in pre-market trading. The stock has fallen more than 25% this year through Thursday’s close. Its CEO, Robert Greenberg, stated that the company is taking steps to address economic volatility. The company reported first-quarter sales slightly below average analyst estimates, but a 7% drop makes these retail companies increasingly interesting to me.”
Watch the exact part of the video where @bernardodegarcia talks about Sketchers here:
Watch the video on YouTube
Read more articles analyzing Sketchers (SKX) at the following link. SKX stock.
