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.