Shares of Skechers USA (NYSE:SKX) rose as much as 6.2% in intraday trading, marking the largest rise since September 26. The boost in stock value came after the company's Chief Financial Officer, John Vandemore, expressed optimism about the recent holiday sales.
Vandemore noted the results thus far have been "very encouraging," pointing to a steady consumer interest in innovative footwear products.
During a fireside chat at the Morgan Stanley (NYSE:MS) Global Consumer & Retail Conference, Vandemore highlighted that despite the positive sales trends, the shorter shopping window between Thanksgiving and Christmas this year could impact the overall performance of the holiday period.
He emphasized the importance of assessing the complete results of the season to gauge the company's success accurately.
Investors reacted favorably to the CFO's comments, signaling confidence in Skechers' performance during a critical sales period for retailers.
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