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Skechers’ Sales Growth Could Improve in 2018

Skechers’ Sales Growth Could Improve in 2018

Skechers’ (SKX) sales growth rate has declined in recent quarters. In the third quarter, Skechers’ sales grew 7.5% to $1.18 billion. The company’s third-quarter sales lagged analysts’ expectation of $1.22 billion. The sales growth rate in the third quarter was slower compared to the 10.6% growth rate in the second quarter and the 16.2% growth in the third quarter of 2017.