Comment on Skechers Is Back on Track

Skechers Is Back on Track

Skechers' (NYSE: SKX) third-quarter report wasn't all good news, but it was enough to erase some of the losses the stock has suffered this year. The footwear company saw sales growth slow down, but the bottom line held up much better than it did during the second quarter. Skechers' guidance was also ahead of expectations, with the company calling for a return to earnings growth in the fourth quarter.Third-quarter sales grew by just 7.5% year over year, or 8.5% adjusted for currency.

 

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