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Skechers stock jumps, as 'growing awareness' of comfort shoes lifts results

By Bill Peters

Skechers stock jumps, as 'growing awareness' of comfort shoes lifts results

Shares of Skechers USA Inc. rallied after hours on Thursday after the sneaker maker boosted its full-year forecast, as enthusiasm for its comfort footwear held up despite a broader backdrop of more tepid demand.

The company said it expected full-year earnings per share of $4.20 to $4.25, better than a forecast in July for between $4.08 and $4.18. It said it expected full-year sales of $8.925 billion to $8.975 billion, with the low end of that forecast a bit more upbeat than July's outlook for $8.875 billion to $8.975 billion.

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