Skechers Sees Q3 Sales $1.95B-$2.01B vs $2.07B Est.; Sees FY23 Sales $7.95B-$8.1B vs $8.08B Est.
Portfolio Pulse from Bill Haddad
Skechers has projected its Q3 sales to be between $1.95B and $2.01B, which is lower than the estimated $2.07B. The company also forecasts its FY23 sales to range from $7.95B to $8.1B, slightly above the estimated $8.08B.
July 27, 2023 | 8:14 pm
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NEGATIVE IMPACT
Skechers' lower than expected Q3 sales projection may negatively impact its stock price. However, the FY23 sales forecast being slightly above estimates could balance the impact.
Lower than expected sales often lead to a decrease in stock price as it indicates potential financial instability. However, the FY23 sales forecast being slightly above estimates could indicate long-term growth, potentially balancing the short-term negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100