Skechers U.S.A (SKX) reported Q1 earnings late Thursday of $1.34 per diluted share, up from $1.33 a year earlier.

Analysts polled by FactSet expected $1.17.

Sales for the quarter ended March 31 rose to $2.41 billion from $2.25 billion a year earlier.

Analysts surveyed by FactSet expected $2.43 billion.

The company said it is not issuing an updated financial outlook due to macroeconomic uncertainty driven by global trade policies, and is withdrawing its 2025 annual guidance issued on Feb. 6.

Shares of the company were down about 6% in recent after-hours activity.

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