LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) announces an investigation on behalf of Skechers U.S.A., Inc. (“Skechers” or the “Company”) (NYSE: SKX) investors concerning the Company and its officers’ possible violations of federal securities laws.
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On July 19, 2018, Skechers announced its financial and operating results for the second quarter 2018. Skechers reported selling, general and administrative (“SG&A”) expense growth of 19.7%, nearly twice its sales growth of 10.6% for the quarter, which caused earnings from operations to decrease by 5.7% and net earnings to decline by almost 24%. On this news, Skechers’ share price fell $6.98, or nearly 21%, to close at $26.27 on July 20, 2018, thereby injuring investors.
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If you purchased Skechers, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to shareholders@glancylaw.com, or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
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