Skechers Sets Conservative 2025 Outlook Despite Record 2024 Performance

Skechers USA projects 2025 sales between $9.7-$9.8 billion, falling short of analyst expectations following a record-breaking 2024 performance of $8.97 billion in annual sales. The footwear giant's outlook includes earnings per share guidance of $4.30-$4.50, below Wall Street's projected $4.85. Despite missing estimates, the company continues its aggressive global expansion with new distribution centers and product launches, including partnerships with John Deere and strategic growth in European markets. The company's direct-to-consumer and wholesale channels showed robust growth in 2024, with particularly strong performance in EMEA regions.

Sources: BusinessWire, SmartKarma, MarketWatch