Lifestyle footwear firm Skechers USA Inc has posted record results for its first quarter ended March 31.

Net sales for the quarter rose 11.6% to $384.9 million compared with $344.9 million for the same period in 2007. Net earnings were a record $32.8 million compared with $23.9 million.

Gross profit for the quarter of 2008 was $172.2 million, or 44.7% of net sales, compared with $149 million, or 43.2% of net sales, in the first quarter of last year.

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