Shares of Skechers USA Inc. rose about 8% in after-hours trading on April 22, after the footwear and apparel manufacturer reported first-quarter sales and earnings that beat Wall Street expectations.

The Manhattan Beach-based company’s revenue for the quarter totaled $1.43 billion, a quarterly record that topped analysts’ expectations by $9 million.

“The momentum we experienced in the second half of 2020 continued into the first quarter as we achieved revenue growth of 15% over the same period in 2020, and an exceptional 12% increase over the first quarter of 2019,” Chief Financial Officer David Weinberg said in a statement.

 Net earnings for the period were $98.6 million, or 63 cents a share, a 97% jump compared to the first quarter of 2020. But those results were below the $108.7 million, or 71 cents a share, the company recorded for the same period in 2019. Analysts anticipated a net income of 46 cents a share.

Mattel Inc.’s quarterly results also surpassed Wall Street estimates with $874 million in revenue for the first quarter of 2021 — an increase of 47% from the same period a year ago and a 26.8% uptick from 2019.
 
The El Segundo-based toy manufacturer narrowed its losses from $210.7 million to $115.2 million, or 33 cents a share. Analysts anticipated a loss of 35 cents a share on $684.2 million in revenue for the quarter.

“While growth this quarter was partially driven by year-over-year Covid-related comparisons, we believe our outstanding results, overall, are attributable to the strength of our brands, quality and breadth of our product, world-class supply chain, global commercial capabilities, and very effective demand creation in close collaboration with our retail partners,” Chief Executive Ynon Kreiz said in a statement.

Mattel’s net sales in North America were $479.7 million, a 67% increase from first quarter sales in 2020. International markets contributed $349.4 million, a 30% jump.