• The company suffered from a slowdown in its domestic wholesale business and currency headwinds in its international business, producing disappointing growth figures.
• However, margins and especially cash flow have strengthened considerably and the company’s balance sheet remains terrific.
• Growth is likely to accelerate in H2 and the shares aren’t expensive, in our view.

Source: Skechers’ Future Still Looks Good To Us – Skechers U.S.A., Inc. (NYSE:SKX) | Seeking Alpha