Skechers' stock is skidding after the company fell short of expectations and said tariffs could cause it to shift production.
Why it matters: Apparel companies are especially susceptible to President Trump's threatened tariffs on China and Mexico, in particular.
State of play: Skechers' shares plummeted, closing down almost 13% despite the company reporting Q4 sales growth of 12.8%, to $2.21 billion.
CFO John Vandemore said on an earnings call that Trump's move to impose tariffs on China "has impacted our visibility" and will likely lead to "the reallocation of certain production, vendor concessions and pricing."
Yes, but: The company still enjoyed record sales in 2024.
