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