Skechers U.S.A., Inc. reported full-year 2024 constant currency sales of over $9 billion, a 13% increase, with diluted earnings per share of $4.40, up 26%. The company also achieved a robust gross margin of 53.2% and a double-digit operating margin of 10.1%.
However, the company announced the withdrawal of its full-year 2025 guidance, citing macroeconomic uncertainty stemming from global trade policies and waning consumer sentiment. Management stated that the current environment is 'simply too dynamic from which to plan results with a reasonable assurance of success.'
This decision reflects a cautious outlook despite strong past performance, as new U.S. tariffs on Chinese goods, with an effective rate of approximately 59%, are expected to be a significant headwind. The impacts of the current tariff regime are anticipated to be felt acutely in the third quarter of 2025.
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