Summary of Skechers Stock Tumbles as CFO Gives Warning on China Outlook
Summary of Skechers Stock Tumbles as CFO Gives Warning on China Outlook
Skechers U.S.A. Inc. shares experienced their worst daily performance since February after the company's CFO, John Vandemore, told an industry conference that China sales will be under pressure for the rest of the year. This news caused shares to slip 9.6% to close at $61.56, the lowest level since early August. Footwear peers, including Nike Inc. and Under Armour Inc., saw their shares briefly dip before rebounding.
quoting nevent1q…veyeSkechers Stock Tumbles as CFO Gives Warning on China Outlook
https://s.yimg.com/ny/api/res/1.2/iJUAuvB77BPFZ7bqHxBP1w--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTU0MA--/https://media.zenfs.com/en/bloomberg_markets_842/28ab5fe7f28055fdfe7e944fb5b2411b
https://finance.yahoo.com/news/skechers-tumbles-most-since-2020-193617030.html
Skechers U.S.A. Inc. shares experienced their worst daily performance since February after the company's CFO, John Vandemore, told an industry conference that China sales will be under pressure for the rest of the year. This news caused shares to slip 9.6% to close at $61.56, the lowest level since early August. Footwear peers, including Nike Inc. and Under Armour Inc., saw their shares briefly dip before rebounding.