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“Crocs reports record revenue, raises full-year guidance amid strong demand”

“Here’s how the company did for its quarter ended June 30 compared with what analysts surveyed by Refinitiv were anticipating:

  • Earnings per share: $2.23 adjusted vs. $1.60 expected
  • Revenue: $640.8 million vs. $565.2 million expected

During the second quarter, Croc’s net income grew to $319.0 million , or $4.93 per share, compared to $56.6 million, or 83 cents per share, from a year earlier. Excluding one-time adjustments, the company earned $2.23 a share, beating the $1.60 that analysts surveyed by Refinitiv were anticipating.

Revenues in the second quarter grew 93% to $640.8 million, from $331.5 million a year earlier. The company’s digital sales grew 25.4% to represent 36.4% of revenue, compared to 56.1% a year ago. Crocs’ direct-to-consumer sales grew 78.6% compared to last year, and 86.4% compared to 2019, representing 52% of second-quarter revenues. The company’s revenue from the Americas grew 135.3% during the second quarter…”

https://www.cnbc.com/2021/07/22/crocs-crox-q2-2021-earnings.html

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