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Skechers Stock Soars Toward Record High After Earnings. Here’s Why.

Skechers Stock Soars Toward Record High After Earnings. Here’s Why.

Skechers USA stock was climbing Friday after the sneaker maker raised its full-year financial guidance and posted strong first-quarter financial results. Shares of Skechers were up 14% Friday, which would be their largest percentage increase since April 23, 2021, according to Dow Jones Market Data. The stock was also on pace to hit a record closing high as shares hit $67.31.