So, does SKX have an inventory problem?
Last cc this was brought up as a big deal by analysts w/ inventory build up at 38%. Mgt explained it away 2 fold: 28% backlog and new store openings.
Now analysts have thrown SKX in w/ the big Macy’s miss:
…Sequential Brands Group (SQBG -10%), Skechers (SKX -6.6%), G-III Apparel (GII -0.5%), and Columbia Sportswear (COLM -7%) are down sharply on the same concerns sweeping across the apparel store and department store sectors…
http://seekingalpha.com/news/2921266-retail-wipeout-includes…
W/ SKX running 35%+ of sales internationally and the dollar tracking higher including a potential Dec rate hike could SKX be in for another shock come January ER? Legal fees are supposed to continue into 2016 as well.
Analysts are calling for a 22% jump in revenue and a 50% jump in eps for the coming quarter. Is the bar set too high?
Is the ride over?