Net income tallied $204,887,000 against last year’s loss of $492,282,000 for the second quarter on a lap of a $737 million impairment charge on Heydude goodwill as revenue ticked up 3% to a record $1,179,468,000 over $1,149,373,000. Crocs brand sales were up 4% to $1,000.4 million, crossing the quarterly $1.0 billion mark for the first time, as DTC increased 13% to $558.9 million, offsetting a 5% wholesale decline to $441.5 million.
International sales contributed most of the Crocs brand sales increase with an 8% gain to $541.7 million. Direct-to-consumer sales soared 24% ... Log in to view full article.