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.