Footwear brand Skechers pulls annual forecast on trade uncertainty, shares drop
1. Skechers withdrew its annual forecast due to trade policy uncertainty. 2. Stock fell 7% in extended trading, indicating market reaction to the news.
FAQ
Why Bearish?
Withdrawing guidance typically signals trouble ahead, reminiscent of past downturns when companies faced trade woes.
How important is it?
Trade uncertainties can ripple through the retail sector, affecting SKX as a competitor.
Why Short Term?
Market reactions are usually swift; recent examples show fluctuations following guidance withdrawals.