• Crocs posts strong sales growth, raises outlook

    13 days ago - By Fashion United

    Crocs website
    Crocs first quarter revenues were 460.1 million dollars, an increase of 63.6 percent from the same period last year, or 60.5 percent on a constant currency basis. The company said, direct-to-consumer revenues grew 93.3 percent and wholesale revenues grew 50.1 percent.
    Gross margin for the quarter of 55 percent increased 730 basis points, while adjusted gross margin of 55.2 percent rose 720 basis points from the same period last year. The company added that diluted earnings per share increased 818.8 percent to 1.47 dollars, while adjusted diluted earnings per share were 1.49...
    Read more ...