Will Skechers Rebound During Back-to-School Season?

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Skechers (NYSE: SKX)stock got beat up after earnings on July 21, posting its lowest sales growth in over four years. What happened that caused the stock to drop? With back-to-school shopping right around the corner, should investors forget this report and scoop up some more shares?

The quarter in review

Revenue was up 9.7% from a year ago and set a second-quarter record at $877.8 million. The growth was driven primarily by increases at company-owned retail stores and the international business. International sales specifically made up 41.9% of revenue as the company continues to grow its store footprint overseas with new openings.

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