Crocs (CROX) Trims Q3 Revenue Outlook Ahead of Investor Day Meeting

Crocs (NASDAQ: CROX) is hosting an Investor Day meeting in Boston beginning at approximately 9:00 am Eastern Time and ending at approximately 12:30 pm Eastern Time. A live audio broadcast of management's presentations and the presentation materials are available by clicking the 'Investor Relations' link under the company section on www.crocs.com. An audio replay of the webcast will be available on the Crocs website after the presentation.

In the presentation, the company is updating its third quarter 2015 consolidated revenue guidance to a range of $270 to $280 million, reflecting unfavorable changes in foreign currency exchange rates totaling approximately $4 million and the company's decision to hold back approximately $6 million of orders to select China distributors in the third quarter.

*** The company previously saw Q3 revenue of $280 - $290 million. Consensus estimates call for revenue of $286.7 million.

Also in the presentation, the company is reaffirming its mid-term operating margin target range of 10% to 12% as early as 2018.

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