Leading footwear manufacturer Skechers USA Inc said on Thursday it is "extremely pleased" with its sales performance for the first quarter and expects earnings to beat city forecasts.

The California-based company said it expects first quarter revenue to be around $235 million when it announces its first quarter results before the end of this month.

The firm reported sales of $227.5m in the year-ago period and net income of $17.1m, or 45 cents a diluted share. It said it is now on target to post earnings of around 42 cents a share for the first quarter of fiscal 2002.