— Crocs Inc. (NASDAQ: CROX) reported its third-quarter 2019 earnings of $0.51 per share and adjusted earnings of $0.57 per share. This is compared to the analysts’ expectations of $0.40 per share.
— Revenues grew by 20% to $312.8 million versus $302.06 million expected. Currencies negatively impacted revenue by about $3 million while store closures reduced the top line by about $4 million.
— Wholesale revenues increased by 25.4%, e-commerce revenues grew by 28.2%, and retail comparable store sales advanced by 12.5%.
— Looking ahead into the fourth quarter, the company predicts revenue in the range of $245 million to $255 million compared to $216 million in the fourth quarter of 2018.
— For the full year 2019, the company lifted its revenue growth outlook to the range of 11% to 12% over 2018 revenue of $1.09 billion, compared to the prior estimate of 9% to 11%. The top line will be negatively impacted by currency changes and store closures.
— Capital expenditures are now anticipated to be about $60 million for the full year, lower than the previous forecast of about $65 million.
— With respect to 2020 revenues, the company expects 12% to 14% growth over 2019 revenues. This estimate assumes that currency will negatively impact results by about $10 million.
CarMax, Inc. (NYSE:KMX) reported second quarter 2023 earnings results today. Net revenues rose 2% year-over-year to $8.1 billion. Net earnings were $125.9 million, or $0.79 per share, compared to $285.2 million,
The fast-food industry is among the worst affected by the inflation-induced dip in consumer confidence, which is weighing on the demand for discretionary items. Domino’s Pizza, Inc. (NYSE: DPZ) is
Paychex Inc. (NASDAQ: PAYX) reported first quarter 2023 earnings results today. Total revenue rose 11% year-over-year to $1.20 billion. Net income grew 14% to $379.2 million, or $1.05 per share,