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Crocs Inc (CROX.O)

CROX.O on Nasdaq

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Latest Key Developments (Source: Significant Developments)

Crocs Inc Reports Second Quarter 2019 Results
Thursday, 1 Aug 2019 07:00am EDT 

Aug 1 (Reuters) - Crocs Inc ::CROCS, INC. REPORTS SECOND QUARTER 2019 RESULTS.Q2 EARNINGS PER SHARE $0.55.Q2 ADJUSTED EARNINGS PER SHARE $0.59.SEES FY 2019 REVENUE UP 9 TO 11 PERCENT.SEES Q3 2019 REVENUE $295 MILLION TO $305 MILLION.Q2 REVENUE $358.9 MILLION VERSUS REFINITIV IBES ESTIMATE OF $358.9 MILLION.Q2 EARNINGS PER SHARE ESTIMATE $0.46 -- REFINITIV IBES DATA.SEES FY CAPITAL EXPENDITURES TO BE APPROXIMATELY $65 MILLION.EXPECTS TO INCUR A CHARGE OF APPROXIMATELY $400,000 IN INTEREST EXPENSE IN CONNECTION WITH AMENDED AND RESTATED CREDIT FACILITY IN Q3.CROCS - EXPECTS Q3 REVENUE TO BE NEGATIVELY IMPACTED BY ABOUT $2 MILLION OF CURRENCY CHANGES AND ABOUT $3 MILLION RESULTING FROM STORE CLOSURES.CROCS - CONTINUES TO EXPECT 2019 REVENUE TO BE NEGATIVELY IMPACTED BY ABOUT $25 MILLION OF CURRENCY CHANGES AND ABOUT $20 MILLION RESULTING FROM STORE CLOSURES.EXPECT REVENUE GROWTH IN BACK HALF OF YEAR TO SIGNIFICANTLY OUTPACE FIRST HALF.  Full Article

Crocs And Chinatown Market Release Limited-Edition Clog With Urban Outfitters
Monday, 15 Jul 2019 09:00am EDT 

July 15 (Reuters) - Crocs Inc ::CROCS AND CHINATOWN MARKET RELEASE LIMITED-EDITION CLOG WITH URBAN OUTFITTERS.  Full Article

Crocs Inc. Discloses Potential Impact Of Proposed Footwear Tariffs
Tuesday, 11 Jun 2019 07:00am EDT 

June 11 (Reuters) - Crocs Inc ::CROCS, INC. DISCLOSES POTENTIAL IMPACT OF PROPOSED FOOTWEAR TARIFFS IN ADVANCE OF PRESENTING AT THE STIFEL 2019 CROSS SECTOR INSIGHT CONFERENCE.CROCS INC - CURRENTLY IMPORT ABOUT 30% OF U.S. PRODUCT FROM CHINA.CROCS INC - ASSUMING A 25% TARIFF TAKES EFFECT ON AUGUST 1, 2019, ESTIMATE 2019 IMPACT AT ABOUT $5 MILLION.CROCS INC - DO NOT ANTICIPATE TARIFFS, IF PUT INTO EFFECT, WILL HAVE MATERIAL ADVERSE IMPACT ON OUR BUSINESS.CROCS - EVALUATING MITIGATION INITIATIVES TO BE IMPLEMENTED TO LESSEN IMPACT OF ANY TARIFFS PUT INTO EFFECT.CROCS INC - EXPECT AMOUNT OF U.S. PRODUCT SOURCED FROM CHINA WILL BE BELOW 10% FOR 2020.  Full Article

Crocs Inc says Board Of Directors Raised Co's Existing Common Stock Repurchase Authorization By Up To An Additional $500 Million
Tuesday, 7 May 2019 07:27am EDT 

May 7 (Reuters) - Crocs Inc ::CROCS INC - ON MAY 5 BOARD OF DIRECTORS INCREASED COMPANY'S EXISTING COMMON STOCK REPURCHASE AUTHORIZATION BY UP TO AN ADDITIONAL $500 MILLION.  Full Article

Crocs Q1 Earnings Per Share $0.33
Tuesday, 7 May 2019 07:00am EDT 

Crocs Inc ::CROCS, INC. REPORTS FIRST QUARTER 2019 RESULTS.Q1 EARNINGS PER SHARE $0.33.SEES Q2 2019 REVENUE $350 MILLION TO $360 MILLION.Q1 REVENUE $295.9 MILLION VERSUS REFINITIV IBES ESTIMATE OF $292 MILLION.Q1 EARNINGS PER SHARE ESTIMATE $0.26 -- REFINITIV IBES DATA.2019 GUIDANCE REAFFIRMED.QTRLY CASH AND CASH EQUIVALENTS WERE $86.3 MILLION.QTRLY CAPITAL EXPENDITURES WERE $10.6 MILLION.Q1 EARNINGS PER SHARE VIEW $0.26 -- REFINITIV IBES DATA.SEES Q2 GROSS MARGIN TO BE APPROXIMATELY 51%.Q2 REVENUE VIEW $357.6 MILLION -- REFINITIV IBES DATA.  Full Article

Crocs Enteres 18th Amendment To Credit Agreement Dated Dec 16, 2011
Tuesday, 12 Feb 2019 08:55am EST 

Feb 12 (Reuters) - Crocs Inc ::CROCS INC - ENTERED EIGHTEENTH AMENDMENT TO THE AMENDED AND RESTATED CREDIT AGREEMENT DATED DEC 16, 2011.CROCS - EXERCISED IN FULL ACCORDION FEATURE IN CREDIT AGREEMENT TO INCREASE TOTAL COMMITMENTS UNDER CREDIT AGREEMENT BY $50 MILLION - SEC FILING.  Full Article

Crocs Inc increases fourth quarter and 2018 revenue guidance
Monday, 14 Jan 2019 07:00am EST 

Jan 14 (Reuters) - Crocs Inc ::CROCS, INC. INCREASES FOURTH QUARTER AND 2018 REVENUE GUIDANCE ANNOUNCES PARTICIPATION IN THE 21ST ANNUAL ICR CONFERENCE.Q4 REVENUE $199.1 MILLION VERSUS REFINITIV IBES ESTIMATE OF $202.6 MILLION.SEES FY 2018 REVENUE UP ABOUT 6 PERCENT.SEES Q4 REVENUE $211 MILLION TO $214 MILLION.NOW ANTICIPATES Q4 REVENUES OF $211 TO $214 MILLION.CONTINUES TO EXPECT GROSS MARGIN TO INCREASE BY 80 TO 100 BASIS POINTS OVER 45.4% IN Q4 OF 2017.NOW ANTICIPATES 2018 REVENUES TO GROW APPROXIMATELY 6%.WITH RESPECT TO 2019 REVENUES, COMPANY CONTINUES TO EXPECT A MID-SINGLE DIGIT INCREASE OVER 2018 REVENUES.CROCS - ANTICIPATE 2019 E-COMMERCE, WHOLESALE GROWTH TO MORE THAN OFFSET LOWER RETAIL REVENUES ASSOCIATED WITH REDUCED STORE COUNT.EXPECT REDUCED STORE COUNT TO REDUCE 2019 REVENUE BY ABOUT $25 MILLION.ADDING BACK $25 MILLION REDUCTION FROM STORE CLOSURES, SEES 2019 REVENUE TO BE UP MID TO HIGH SINGLE DIGITS OVER ANTICIPATED 2018 REVENUE.Q4 REVENUE VIEW $202.6 MILLION -- REFINITIV IBES DATA.FY2019 REVENUE VIEW $1.13 BILLION -- REFINITIV IBES DATA.  Full Article

Crocs Sees Q4 Revenue $211 Mln To $214 Mln
Monday, 14 Jan 2019 07:00am EST 

Jan 14 (Reuters) - Crocs Inc ::CROCS, INC. INCREASES FOURTH QUARTER AND 2018 REVENUE GUIDANCE ANNOUNCES PARTICIPATION IN THE 21ST ANNUAL ICR CONFERENCE.CROCS HAD REPORTED Q4 2017 REVENUE OF $199.1 MILLION.SEES FY 2018 REVENUE UP ABOUT 6 PERCENT.SEES Q4 REVENUE $211 MILLION TO $214 MILLION.NOW ANTICIPATES Q4 REVENUES OF $211 TO $214 MILLION.CONTINUES TO EXPECT GROSS MARGIN TO INCREASE BY 80 TO 100 BASIS POINTS OVER 45.4% IN Q4 OF 2017.NOW ANTICIPATES 2018 REVENUES TO GROW APPROXIMATELY 6%.WITH RESPECT TO 2019 REVENUES, COMPANY CONTINUES TO EXPECT A MID-SINGLE DIGIT INCREASE OVER 2018 REVENUES.ANTICIPATE 2019 E-COMMERCE, WHOLESALE GROWTH TO MORE THAN OFFSET LOWER RETAIL REVENUES ASSOCIATED WITH REDUCED STORE COUNT.EXPECT REDUCED STORE COUNT TO REDUCE 2019 REVENUE BY ABOUT $25 MILLION.ADDING BACK $25 MILLION REDUCTION FROM STORE CLOSURES, SEES 2019 REVENUE TO BE UP MID TO HIGH SINGLE DIGITS OVER ANTICIPATED 2018 REVENUE.Q4 REVENUE VIEW $202.6 MILLION -- REFINITIV IBES DATA.FY2019 REVENUE VIEW $1.13 BILLION -- REFINITIV IBES DATA.  Full Article

Crocs Inc Reports Q2 Earnings Per Share $0.35
Tuesday, 7 Aug 2018 07:00am EDT 

Aug 7 (Reuters) - Crocs Inc ::CROCS, INC. REPORTS SECOND QUARTER 2018 RESULTS; DILUTED EARNINGS PER SHARE INCREASE 75% TO $0.35.Q2 EARNINGS PER SHARE $0.35.SEES Q3 2018 REVENUE $240 MILLION TO $250 MILLION.Q2 REVENUE $328 MILLION VERSUS I/B/E/S VIEW $321.8 MILLION.Q2 EARNINGS PER SHARE VIEW $0.31 -- THOMSON REUTERS I/B/E/S.SEES FY REVENUES TO INCREASE LOW SINGLE DIGITS OVER 2017 REVENUES OF $1,023.5 MILLION.ANNOUNCES CFO TRANSITION; ANNE MEHLMAN TO SUCCEED CARRIE TEFFNER.Q3 REVENUE VIEW $243.7 MILLION -- THOMSON REUTERS I/B/E/S.FY2018 REVENUE VIEW $1.05 BILLION -- THOMSON REUTERS I/B/E/S.QTRLY RETAIL COMPARABLE STORE SALES INCREASED 7.1%.QTRLY GROSS MARGIN WAS 55.3%, IMPROVING 110 BASIS POINTS OVER LAST YEAR'S Q2.INVENTORY DECLINED 16.6% TO $129.9 MILLION AS OF JUNE 30, 2018 COMPARED TO $155.7 MILLION AS OF JUNE 30, 2017.DURING Q2, CLOSED ITS MANUFACTURING FACILITY IN MEXICO.SEES Q3 GROSS MARGIN TO BE APPROXIMATELY 50 BASIS POINTS ABOVE LAST YEAR'S 50.8% RATE.DURING Q2, MOVED AHEAD WITH PLANS TO CLOSE LAST MANUFACTURING FACILITY, LOCATED IN ITALY.SEES FY 2018 GROSS MARGIN TO INCREASE APPROXIMATELY 70 TO 100 BASIS POINTS OVER 2017 GROSS MARGIN OF 50.5%.  Full Article

Crocs Inc. reports Q4 Loss Per Share $0.41
Wednesday, 28 Feb 2018 07:00am EST 

Feb 28 (Reuters) - Crocs Inc ::CROCS, INC. REPORTS FOURTH QUARTER AND FULL YEAR 2017 RESULTS.Q4 LOSS PER SHARE $0.41.SEES Q1 2018 REVENUE $265 MILLION TO $275 MILLION.Q4 REVENUE ROSE 6.2 PERCENT TO $199.1 MILLION.‍WHOLESALE AND E-COMMERCE BUSINESSES GREW AT DOUBLE-DIGIT RATES AND RETAIL BUSINESS DELIVERED POSITIVE COMPARABLE STORE SALES IN QUARTER​.‍BOARD RECENTLY INCREASED SHARE REPURCHASE AUTHORIZATION TO $500 MILLION​.SEES Q1 2018‍ GROSS MARGIN TO BE APPROXIMATELY 49%​.SEES 2018‍ REVENUES TO BE RELATIVELY FLAT TO PRIOR YEAR​.CROCS - 2018 ‍REVENUES TO BE NEGATIVELY IMPACTED BY ABOUT $60 MILLION COMPARED TO 2017 DUE TO IMPACT OF BUSINESS MODEL CHANGES & STORE CLOSURES​.SEES 2018 ‍GROSS MARGIN TO BE UP APPROXIMATELY 70 TO 100 BASIS POINTS OVER 2017 GROSS MARGIN OF 50.5%​.Q4 EARNINGS PER SHARE VIEW $-0.33, REVENUE VIEW $195.0 MILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Crocs to cut Chinese production for U.S. market

Crocs Inc will aim to cut the volume of its shoes and accessories produced in China for the U.S. market by more than two-thirds over the next year, as it guards against the impact of President Donald Trump's trade war with Beijing.