November 08, 2018
Net income was $6,520,000 in the third quarter against a loss of $2,263,000 on sales of $261,064,000, up 7% from $243,273,000 last year. The results sent CROX shares soaring over 30%.
FGL Sports revenue increased 2% to C$528.5 million ($404.4 mm) from a restated C$527.2 million in the third quarter and comp store sales increased 2.2% against a flat comp last year.
Total sales increased 0.6% to $61.9 million for the four weeks ended Nov. 3, up from $61.5 million for the comparable period last year, while comps increased 1.6% lapping a 6.6% gain last year.
Sherry Foster claims that the Ni-Cad batteries in her nine-year-old son’s S-Lights sneakers leaked and caused second-degree burns on his feet, in a class action complaint filed in So. NY District Court.