Skechers (SKX) reported better-than-expected quarterly results on Friday and raised its outlook for the year.

The footwear company posted third-quarter earnings per share of $1.26, with revenue up 15.9% year-over-year to a quarterly record of $2.35 billion. Both figures beat analyst estimates compiled by Visible Alpha.

COO David Weinberg cited increased awareness and appreciation for the company’s “comfort technology products” such as its slip-in shoes, adding “increased awareness of our technologies such as the Skechers Hands Free Slip -ins, was an integral part of our global. growth.”

Skechers raises sales outlook for full year

The company forecast full-year sales of $8.925 billion to $8.975 billion and annual earnings per share of $4.20 to $4.25, higher than its previous forecast in July. Both were roughly in line with analysts’ estimates.

Shares of Skechers pared early gains and were 2 percent lower in intraday trading Friday. They have lost about 3% of their value since the beginning of the year.