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Article Date: August 2018
Word Count: 299

Crocs Results Gain in Q2 on Better Margins


Net income improved 57% to $34,377,000 from $21,959,000 for the three months ended Jun. 30 on a 5% gain in sales to $328,004,000 from $313,221,000. The improvements were led by a 28.3% increase in digital sales to $63,931,000 from $51,642,000 with strong double-digit gains in all regions led by near 30% sales hikes in Asia and Europe. Wholesale grew 7% to $164,596,000 from $153,503,000, with a 25% gain in Europe and a 10% improvement in Asia/Pacific offsetting a 6% decline in the Americas that was caused by late reorders because of the late Spring. Retail sales were down 8% to ... Log in to view full article.

 


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