Crocs (CROX) Posts Q3 GAAP Loss of 37c/Share; New CFO Named

Crocs (NASDAQ: CROX) reported Q3 EPS of ($0.37), which may not compare with the analyst estimate of $0.09. Revenue for the quarter came in at $274.1 million versus the consensus estimate of $276.92 million.

Carrie Teffner is joining the company as chief financial officer from the company's board of directors effective December 16, 2015. Teffner is the former chief financial officer of PetSmart, Weber-Stephens, and Timberland. In conjunction with Teffner's new appointment she will be stepping down from the company's board of directors.

As outlined in detail in the non-GAAP reconciliations set forth later in this press release, the company recorded $8.6 million in non-recurring and special charges in the third quarter of 2015 compared with $17.4 million in non-recurring and special charges in the third quarter of 2014. Excluding these items the company reported:

• Non-GAAP operating loss of $12.1 million versus net income of $18.5 million in the comparable prior year period.
• On a comparable basis, non-GAAP adjusted net loss attributable to common shareholders of $19.2 million in the quarter versus net income of $29.4 million in the third quarter of 2014.

Crocs sees Q4 2015 revenue of $200-210 million, versus the consensus of $207.2 million.

For earnings history and earnings-related data on Crocs (CROX) click here.

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