Skechers shares are trading lower after the company discussed near-term China challenges.
Portfolio Pulse from Benzinga Newsdesk
Skechers shares are experiencing a decline due to the company's discussion of near-term challenges in the Chinese market.
September 19, 2024 | 7:30 pm
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Skechers shares are trading lower following the company's discussion of challenges in the Chinese market, which could impact their revenue and stock price in the short term.
The mention of near-term challenges in China is significant for Skechers as China is a major market for the company. This could lead to reduced revenue expectations, causing the stock price to decline.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100