Skechers CFO Expects Greater-Than-Anticipated Headwinds In China For Second Half Of 2024 Due To Slower Post-COVID Recovery, Despite Long-Term Growth Opportunities; Says "Not Really Going To Give Very Specific Guidance"
Portfolio Pulse from Benzinga Newsdesk
Skechers' CFO anticipates more significant challenges in China for the latter half of 2024 due to a slower post-COVID recovery, despite long-term growth prospects. The company refrains from providing specific guidance.
September 19, 2024 | 7:32 pm
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Skechers anticipates greater-than-expected challenges in China for H2 2024 due to a slower post-COVID recovery, impacting short-term revenue expectations.
The CFO's statement about greater-than-anticipated headwinds in China suggests potential short-term revenue challenges for Skechers, impacting investor sentiment negatively.
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