Skechers Reports Record Q1 Sales But Withdraws 2025 Guidance Due to ‘Macroeconomic Uncertainty’
As economic uncertainty spurred by Trump’s tariffs takes hold across the footwear industry, Skechers USA Inc. started off fiscal 2025 with record sales, but it’s retracting its yearly guidance. The Manhattan Beach, Calif.-based footwear company reported net sales in the first quarter of fiscal 2025 of $2.41 billion, a 7.1 percent increase from $2.25 billion…