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Article Date: August 2019
Word Count: 404

Crocs Net Jumps Double-Digits, Raises Full-Year Guidance


Net income grew 14% to $39,198,000 from $34,377,000 as revenues grew 9% (+13% CC) to $358,899,000 to $328,004,000, with a loss of $6 million in revenue due to store closures was more than offset by 9% growth in wholesale revenues, 18% growth in e-commerce revenues, and 11.8% growth in retail comparable store sales. CROX raised guidance for FY19, and now expects revenues to grow 9% to 11% over 2018 revenues of $1,088.2 million, compared to prior guidance of 5% to 7%. The company continues to expect 2019 revenues to be negatively impacted by approximately $25 million of currency changes and ... Log in to view full article.

 


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