Footwear Major Skechers Stock Sinks On Q4 Miss & Weak Outlook; Inventory Piles Up
Shares of Skechers USA are down after the company posted Q4 sales of $2.21 billion, missing expectations. EPS of $0.65 also ...
Skechers Stock Tumbles on Weak Outlook, Concerns Over Trump Tariffs
Shares of shoe maker Skechers slumped 12% in premarket trading Friday following a disappointing outlook and the CEO's comments on the potential impact of tariffs.
Why Skechers Stock Dropped Like a Rock Today
The reality is that shoe stocks often trade at bargain valuations, and the valuation for Skechers is now coming down -- it trades at around 15 times forward earnings, which is fair. And the good news ...