Crocs (CROX) Posts Q3 GAAP Loss of 7c/Share; Guides Q4, FY16 Revenue Below Views

Crocs (NASDAQ: CROX) reported Q3 EPS of ($0.07), $0.02 worse than the analyst estimate of ($0.05). Revenue for the quarter came in at $245.9 million versus the consensus estimate of $251.23 million.

As outlined in detail in the GAAP to non-GAAP reconciliations set forth later in this press release, the company recorded net charges of $3.3 million unrelated to our core business in the three months ended September 30, 2016, compared to $8.6 million in the three months ended September 30, 2015. Excluding these items, the company reported on a comparable basis, non-GAAP adjusted net loss attributable to common shareholders of $2.0 million in the three months ended September 30, 2016, versus non-GAAP adjusted net loss attributable to common shareholders of $19.2 million in the three months ended September 30, 2015.

GUIDANCE:

Crocs sees Q4 2016 revenue of $185-195 million, versus the consensus of $213.4 million.

Crocs sees FY2016 revenue of $1.034-1.044 billion, versus the consensus of $1.07 billion.

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

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