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CROX - Crocs Inc News Story

$39.49 0.1  0.3%

Last Trade - 14/08/20

Sector
Consumer Cyclicals
Size
Mid Cap
Market Cap £2.03bn
Enterprise Value £2.13bn
Revenue £909.8m
Position in Universe 1587th / 6381

BRIEF-Crocs, Inc. Reports Q4 Earnings Per Share $0.29

Thu 27th February, 2020 12:40pm
Feb 27 (Reuters) - Crocs Inc  CROX.O :
    * CROCS, INC. REPORTS RECORD REVENUES FOR FOURTH QUARTER AND
FULL
YEAR 2019; FULL YEAR OPERATING INCOME INCREASED 104.4%;
OPERATING MARGIN IMPROVED TO 10.5%; FULL YEAR EPS INCREASED TO
$1.66
    * Q4 EARNINGS PER SHARE $0.29
    * Q4 ADJUSTED PRO FORMA EARNINGS PER SHARE $0.12 EXCLUDING
ITEMS
    * Q4 REVENUE $263 MILLION VERSUS REFINITIV IBES ESTIMATE OF
$260.1
MILLION
    * Q4 EARNINGS PER SHARE ESTIMATE $0.08 -- REFINITIV IBES
DATA
    * SEES  Q1 REVENUES TO BE BETWEEN $305 AND $325 MILLION
    * SEES REVENUES FOR Q1 NEGATIVELY IMPACTED BY ABOUT $20 TO
$30
MILLION DUE TO DISRUPTIONS TO ASIA BUSINESS FROM COVID-19
    * MANY OF OUR PARTNER STORES IN CHINA ARE CLOSED TEMPORARILY
    * SEES FY REVENUES TO BE UP 8% TO 12%
    * CROCS - SEES 2020 REVENUES WILL BE NEGATIVELY IMPACTED BY
$40 TO
$60 MILLION AS A RESULT OF DISRUPTIONS TO ASIA BUSINESS FROM
CORONAVIRUS
    * ALSO SEEING BROADER CORONAVIRUS IMPACT AS WE ARE
EXPERIENCING
TRAFFIC DECLINES THROUGHOUT MANY OF OUR KEY COUNTRIES IN ASIA
    * FY REVENUE VIEW $1.38 BILLION -- REFINITIV IBES DATA

Source text for Eikon:  ID:nBw5cwCRxa 
Further company coverage:  CROX.O 

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