06:19 PM EDT, 04/25/2024 (MT Newswires) -- Skechers USA ( SKX ) reported Q1 non-GAAP diluted earnings late Thursday of $1.37 per share, up from $0.96 a year earlier. SKET

Analysts polled by Capital IQ expected $1.11 normalized.

Sales in the quarter ended March 31 rose to a record $2.25 billion from $2 billion a year earlier.

Analysts surveyed by Capital IQ expected $2.2 billion.

The company expects Q2 diluted EPS of $0.85 to $0.90 on sales of $2.18 billion to $2.23 billion. Analysts surveyed by Capital IQ expect EPS of $1.08 on sales of $2.2 billion.

The company expects 2024 diluted EPS of $3.95 to $4.10 on sales of $8.73 billion to $8.88 billion. Analysts surveyed by Capital IQ expect EPS of $3.91 on sales of $8.78 billion.

Shares of the company jumped 12% in after-hours activity.

Price: 65.70, Change: +6.88, Percent Change: +11.70