Skechers Stock Declines Despite Reporting Earnings Beat in Q1
Skechers U.S.A., Inc. (SKX) reported first-quarter 2025 results, wherein the top line missed the Zacks Consensus Estimate but the bottom line surpassed the same. While both metrics showed year-over-year growth, the company withdrew its full-year guidance due to ongoing economic uncertainty related to global trade policies. As a result, shares of this Manhattan Beach, CA-based footwear company declined 6.5% in the after-hours trading session yesterday.The company’s first-quarter results were driven by strong ...