Skechers U.S.A (SKX) reported Q4 earnings late Thursday of $0.65 per diluted share, up from $0.56 a year earlier.

Analysts polled by FactSet expected $0.74.

Sales for the quarter ended Dec. 31 rose to $2.21 billion from $1.96 billion a year earlier.

Analysts surveyed by FactSet expected $2.22 billion.

For Q1, the company expects EPS of $1.10 to $1.15 on sales of $2.40 billion to $2.43 billion.

The consensus is for $1.59 and $2.49 billion, respectively.

For 2025, Skechers projects EPS at $4.30 to $4.50 on sales of $9.70 billion to $9.80 billion. Analysts are looking for $4.87 and $9.88 billion, respectively.

The shares of Skechers were down past 12% in after-hours activity.