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Article Date: October 2020
Word Count: 468

Crocs Net Surges on Double-Digit Sales Gain


Net income jumped 73% to $61,889,000 from $35,676,000 on revenues that were up 16% to $361,736,000 from $312,766,000, including a 6% increase in total pairs sold rose to 16.9 million and a 9% gain in ASP to $21.36. The bottom line benefited from growing brand heat coupled with lean inventory to push full price selling. Clogs turned in a strong quarter, up 31% in sales and accounting for 72% of total footwear revenue, up from 62%. Canceled sandal receipts early in the pandemic contributed to a 4% loss for the product, which made up 19% of footwear sales against 22%. ... Log in to view full article.

 


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