Categories Earnings, Retail

Crocs, Inc. (CROX): Q4 2019 Earnings Snapshot

Earnings Update by AlphaStreet

—  Crocs, Inc. (NASDAQ: CROX) reported earnings of $0.12 per share in the fourth quarter of 2019, vs $0.07 per share expected.

— Q4 revenue rose 21.8% to $263 million, vs. $260.8 million expected. Wholesale revenues grew 22.4%, e-commerce revenues rose 34.3%, and retail comparable store sales jumped 16%.

— For the first quarter of 2020, the company expects revenues between $305 and $325 million and operating margin of 9-12%. The outlook takes into account the disruption caused due to coronavirus outbreak. 

— For the full year 2020, revenues are projected to increase by 8-12%. Operating margin is expected between 11% and 13%. 

— CROX shares were slightly trading higher immediately following the announcement. 

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