Fourth-Quarter Earnings Beat Expectations for Crocs
BROOMFIELD, Colo. - Crocs Inc. (CROX) reported a strong fourth quarter, with earnings per share exceeding analyst estimates.
The footwear company posted earnings of $6.36 per share, surpassing the consensus estimate of $2.29 per share. Adjusted for non-recurring gains, earnings were $2.52 per share.
Revenue also topped expectations, reaching $989.8 million, compared to the forecasted $960.1 million. This brought Crocs' full-year revenue to $4.1 billion, with earnings of $950.1 million or $15.88 per share.
Looking ahead, Crocs projects per-share earnings between $2.38 and $2.52 for the current quarter ending in March and between $12.70 and $13.15 for the full year.