Is Skechers Finally a Buy After Triple-Digit Sales Growth?
Value footwear company Skechers (NYSE: SKX) delivered a blowout second-quarter report last week that showed improvement, and mostly dramatic improvement, in every metric. The company's stock experienced a long period of ups and downs prior to the pandemic, and with its solid Q2 performance, it might be to time to give Skechers stock some love.
Skechers provides a cheaper alternative to brand-name athletic wear companies like Nike, a premium name that's also the largest U.S. apparel brand. Skechers posted $1.7 billion in sales in the second quarter ended June 30 versus Nike's $12.3 billion in sales in its fourth fiscal quarter ended May 31.
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Source Fool.com
