Increase in earnings for Crocs

10/05/2016

Footwear brand Crocs reported earnings of $6.4 million in the first quarter of 2016 up from $6 million in the same period last year.

Revenue for the quarter was $279.1 million, 6.5% higher than the $262.2 reported in the first quarter of 2015. This represented an increase of 9.2% in currency-neutral terms.

“We are pleased with our start to the new year. There is still work to be done to position the company for sustained success; however, we remain confident that we are on track to deliver our full year and future sales and profit objectives,” said Crocs CERO Gregg Ribatt.

The company forecasts second quarter revenues of between $340 and $350 million, which would be consistent with the figures for Q2 in 2015.