Skechers shares are trading lower by 5.7% to $47.61 during Friday's session. The company late Thursday announced record Q1 2025 sales of $2.41 billion.
Considering how this week started — with a heavy thud on threats to Jerome Powell’s job as Fed Chair — these indexes are up +2% to nearly +5% so far this week. Not too shabby.
Earnings season has arrived, with this week’s reporting docket notably stacked. Among the bunch scheduled to report are several consumer-facing companies, including Chipotle Mexican Grill, American Airlines, and Skechers.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how footwear stocks fared in Q4, starting with Genesco (NYSE:GCO).
The United States announced sweeping tariffs on several trading partners, including Asian nations such as Vietnam, Indonesia, and Bangladesh, which manufacture shoes and clothes for American labels.
Economist Peter Schiff warned on Thursday that Nike Inc. won't shift production to the United States despite newly imposed tariffs, predicting higher prices and reduced domestic sales for the footwear giant.
Shares of footwear company Skechers (NYSE:SKX)
fell 21.3% in the morning session after President Trump announced "reciprocal tariffs" on all US imports, set at a minimum rate of 10%.
The SPDR S&P 500, which tracks the S&P 500, is facing heavy selling pressure in Wednesday's after-hours session following reciprocal tariffs from the Trump Administration.
Looking back on footwear stocks’ Q4 earnings, we examine this quarter’s best and worst performers, including Steven Madden (NASDAQ:SHOO) and its peers.
Over the past six months, Skechers’s shares (currently trading at $63.53) have posted a disappointing 9.2% loss, well below the S&P 500’s 6.4% gain. This was partly driven by its softer quarterly results and may have investors wondering how to approach the situation.
