Crocs (CROX) Tops Q1 EPS by 2c; Guides Q2 Revenues Above the Street

Crocs (NASDAQ: CROX) reported Q1 EPS of $0.15, $0.02 better than the analyst estimate of $0.13. Revenue for the quarter came in at $283.1 million versus the consensus estimate of $272.21 million.

GUIDANCE:

Crocs sees Q2 2018 revenue of $315-325 million, versus the consensus of $310.83 million.

For the year, the company expects revenues to increase low single digits over 2017 revenues of $1,023.5 million, as we expect double digit e-commerce growth and moderate wholesale growth to more than offset lower retail revenues due to operating fewer stores and business model changes

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

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