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Actionable news in SKX: SKECHERS U.S.A. Inc,

Skechers: Ugly Quarter, But There Is Opportunity

Summary

SKX missed estimates and guided lower, resulting in a share price that is off more than 20% in Friday trading.

Domestic growth through the first half of the year has been disappointing and is indicative of market saturation.

The international growth story remains strong, and that has always been where the upside is.

We see shares as having lots of upside from these depressed levels.

Skechers (NYSE:SKX) announced Q2 results after-hours Thursday, 7/21, and the numbers were quite ugly. Revenue missed, and even fell towards the bottom-end of what is usually conservative management guidance. There were some domestic...


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