Crocs (CROX) Tops Q4 EPS by 14c, Q1 Revenue Guidance Comes in Light

Crocs (NASDAQ: CROX) reported Q4 EPS of ($0.10), $0.14 better than the analyst estimate of ($0.24). Revenue for the quarter came in at $216 million versus the consensus estimate of $213.18 million.

GUIDANCE:

Crocs sees Q1 2019 revenue of $280-290 million, versus the consensus of $293.25 million.

• Gross margin to be approximately 45.5% compared to 49.4% in the first quarter of 2018. This decline reflects four things: (i) higher freight costs, including air freight to replenish fast selling items; (ii) the negative impact of the stronger U.S. Dollar; (iii) the late Easter, causing higher direct-to-consumer sales associated with the holiday to shift into the second quarter; and (iv) non-recurring charges relating to the new distribution center that will reduce gross margin by approximately 50 basis points.

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

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