Currency impacts, persistent supply chain woes, a slower pace of recovery in China, and an overall uncertain global economic environment has Skechers taking a “cautious view” for the remainder of 2022 after reporting record quarterly revenues. Describing a volatile supply chain environment over the last 4 to 5 quarters, the company said it is currently difficult to estimate what upcoming periods will look like in that area.

Second quarter net income slipped 34% to $90.4 million from $137.4 million for the period ended June 30. Operating earnings were down 23% to $154.2 ... Log in to view full article.