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Crocs Inc (CROX.OQ)

CROX.OQ on NASDAQ Stock Exchange Global Select Market

27.01USD
20 Sep 2019
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Latest Key Developments (Source: Significant Developments)

Crocs Q4 Loss Per Share $1.72
Thursday, 28 Feb 2019 

Feb 28 (Reuters) - Crocs Inc ::CROCS, INC. REPORTS FOURTH QUARTER AND FULL YEAR 2018 RESULTS; FOURTH QUARTER REVENUES INCREASED 8.5%; 2018 REVENUES INCREASED 6.3% AND INCOME FROM OPERATIONS INCREASED 263.1%; RAISES 2019 REVENUE GUIDANCE.Q4 LOSS PER SHARE $1.72.Q4 ADJUSTED NON-GAAP LOSS PER SHARE $0.10.SEES FY 2019 REVENUE UP 5 TO 7 PERCENT.Q4 REVENUE $216 MILLION VERSUS REFINITIV IBES ESTIMATE OF $213.2 MILLION.Q4 EARNINGS PER SHARE ESTIMATE $-0.24 -- REFINITIV IBES DATA.SEES Q1 2019 REVENUE $280 MILLION TO $290 MILLION.ANTICIPATES REVENUES FOR Q1 OF 2019 WILL BE NEGATIVELY IMPACTED BY APPROXIMATELY $6 MILLION DUE TO STORE CLOSURES.SEES Q1 GROSS MARGIN TO BE APPROXIMATELY 45.5% COMPARED TO 49.4% IN Q1 OF 2018..SEES 2019 CAPITAL EXPENDITURES TO BE ABOUT $65 MILLION, COMPARED TO $12.0 MILLION IN 2018.SEES 2019 REVENUES TO BE UP 5% TO 7% OVER 2018 REVENUES OF $1,088.2 MILLION.SEES 2019 GROSS MARGIN OF APPROXIMATELY 49.5% COMPARED TO 51.5% IN 2018.SEES 2019 REVENUES NEGATIVELY IMPACTED BY ABOUT $20 MILLION RESULTING FROM STORE CLOSURES & AND ABOUT $20 MILLION OF CURRENCY CHANGES.FY2019 REVENUE VIEW $1.14 BILLION -- REFINITIV IBES DATA.Q1 REVENUE VIEW $293.3 MILLION -- REFINITIV IBES DATA.  Full Article

Crocs Announces Repurchase & Conversion Of Convertible Preferred Stock Owned By Blackstone
Monday, 3 Dec 2018 

Dec 3 (Reuters) - Crocs Inc ::CROCS, INC. ANNOUNCES REPURCHASE AND CONVERSION OF CONVERTIBLE PREFERRED STOCK OWNED BY BLACKSTONE; TRANSACTION INCREASES PRO-FORMA YTD 2018 EPS APPROXIMATELY $0.18 OR 30%.SEES FY 2018 REVENUE UP 4 TO 5 PERCENT.SEES Q4 2018 REVENUE $195 MILLION TO $205 MILLION.PARTIES ENTER INTO LOCK-UP AGREEMENT.Q4 AND FULL YEAR 2018 GUIDANCE REAFFIRMED.WILL REPURCHASE HALF OF OUTSTANDING PREFERRED SHARES, REPRESENTING APPROXIMATELY 6.9 MILLION COMMON SHARES ON AN AS-CONVERTED BASIS.AS PART OF AGREEMENT, CO WILL PAY BLACKSTONE A ONE-TIME ADDITIONAL PAYMENT OF $15.0 MILLION.WILL INCUR $15.5 MILLION OF NON-RECURRING CASH CHARGES ASSOCIATED WITH TRANSACTION.AS PART OF AGREEMENT, BLACKSTONE'S RIGHT TO NOMINATE FUTURE DIRECTORS WILL BE REDUCED FROM 2 TO 1.SEES 2019 REVENUES MID-SINGLE DIGIT INCREASE OVER 2018 REVENUES.TRANSACTION WILL BE FINANCED USING CASH ON HAND WITH BALANCE COMING FROM CO'S SENIOR REVOLVING CREDIT FACILITY.IN CONNECTION WITH TRANSACTION, CREDIT FACILITY WAS INCREASED TO $250 MILLION, WITH SIMILAR TERMS.ANTICIPATE THAT E-COMMERCE AND WHOLESALE GROWTH WILL MORE THAN OFFSET LOWER RETAIL REVENUES IN 2019.FY2018 REVENUE VIEW $1.07 BILLION -- REFINITIV IBES DATA.FY2019 REVENUE VIEW $1.13 BILLION -- REFINITIV IBES DATA.WILL REPURCHASE ABOUT 6.9 MILLION COMMON SHARES ON AN AS-CONVERTED BASIS, FOR $183.7 MILLION, OR $26.64 PER SHARE.BLACKSTONE WILL IMMEDIATELY CONVERT ITS REMAINING PREFERRED SHARES INTO ABOUT 6.9 MILLION SHARES OF CO'S COMMON STOCK.  Full Article

Crocs Reports Third Quarter Earnings Per Share $0.07
Thursday, 8 Nov 2018 

Nov 8 (Reuters) - Crocs Inc ::CROCS, INC. REPORTS THIRD QUARTER 2018 RESULTS.Q3 EARNINGS PER SHARE $0.07.SEES FY 2018 REVENUE UP 4 TO 5 PERCENT.SEES Q4 2018 REVENUE $195 MILLION TO $205 MILLION.Q3 REVENUE $261.1 MILLION VERSUS I/B/E/S VIEW $246.4 MILLION.Q3 EARNINGS PER SHARE VIEW $-0.02 -- THOMSON REUTERS I/B/E/S.EXPECTS A MID-SINGLE DIGIT INCREASE OVER 2018 REVENUES FOR 2019.CROCS - SEES E-COMMERCE & WHOLESALE GROWTH TO MORE THAN OFFSET LOWER RETAIL REVENUE RELATED TO REDUCED STORE COUNT, TO REDUCE REVENUE BY ABOUT $25 MILLION IN 2019.SEES FY 2018 INCOME FROM OPERATIONS TO BE SLIGHTLY UNDER $60 MILLION.  Full Article

Crocs Inc Reaffirms Third Quarter And 2018 Guidance
Friday, 31 Aug 2018 

Aug 30 (Reuters) - Crocs Inc ::CROCS, INC. REAFFIRMS THIRD QUARTER AND 2018 GUIDANCE; ANNOUNCES PARTICIPATION IN THE GOLDMAN SACHS 25TH ANNUAL GLOBAL RETAILING CONFERENCE.SEES Q3 2018 REVENUE $240 MILLION TO $250 MILLION.FY2018 REVENUE VIEW $1.05 BILLION -- THOMSON REUTERS I/B/E/S.Q3 REVENUE VIEW $246.4 MILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Crocs Inc Says Increasing Q4 Expected Gross Margin Guidance By 200 Basis Points To About 45 Pct
Monday, 8 Jan 2018 

Jan 8 (Reuters) - Crocs Inc ::COMPANY CONTINUES TO EXPECT 2017 REVENUES TO BE DOWN LOW SINGLE DIGITS COMPARED TO $1.036 BILLION IN 2016.INCREASING Q4 EXPECTED GROSS MARGIN GUIDANCE BY 200 BASIS POINTS FROM APPROXIMATELY 43% TO APPROXIMATELY 45%.CROCS, INC. INCREASES FOURTH QUARTER 2017 GUIDANCE; ANNOUNCES PARTICIPATION IN THE 20TH ANNUAL ICR CONFERENCE.Q4 REVENUE $187.4 MILLION VERSUS I/B/E/S VIEW $186.7 MILLION.CONTINUES TO EXPECT GROSS MARGIN FOR 2017 TO BE APPROXIMATELY 50%.FY2017 REVENUE VIEW $1.01 BILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Crocs Says Expects Q4 Revenue Between $195 Mln And $198 Mln
Monday, 8 Jan 2018 

Jan 8 (Reuters) - Crocs Inc ::SEES Q4 REVENUE BETWEEN $195 MILLION AND $198 MILLION.Q4 REVENUE VIEW $186.7 MILLION -- THOMSON REUTERS I/B/E/S.- COMPANY CONTINUES TO EXPECT 2017 REVENUES TO BE DOWN LOW SINGLE DIGITS COMPARED TO $1.036 BILLION IN 2016.- INCREASING Q4 EXPECTED GROSS MARGIN GUIDANCE BY 200 BASIS POINTS FROM APPROXIMATELY 43% TO APPROXIMATELY 45%.CROCS, INC. INCREASES FOURTH QUARTER 2017 GUIDANCE; ANNOUNCES PARTICIPATION IN THE 20TH ANNUAL ICR CONFERENCE.- CONTINUES TO EXPECT GROSS MARGIN FOR 2017 TO BE APPROXIMATELY 50%.FY2017 REVENUE VIEW $1.01 BILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Crocs reports Q3 loss per share $0.03
Tuesday, 7 Nov 2017 

Nov 7 (Reuters) - Crocs Inc :Crocs, Inc. reports third quarter 2017 results.Q3 loss per share $0.03.Sees Q4 2017 revenue $180 million to $190 million.Q3 revenue $243.3 million versus I/B/E/S view $237.5 million.Q3 earnings per share view $-0.05 -- Thomson Reuters I/B/E/S.Q4 revenue view $191.9 million -- Thomson Reuters I/B/E/S.Crocs Inc - ‍Continues to expect 2017 revenue to be down low single digits versus 2016​.FY2017 revenue view $1.01 billion -- Thomson Reuters I/B/E/S.Crocs Inc - ‍Q3 gross margin was 50.8%, up 100 basis points over last year's Q3​.Crocs Inc - Sees Q4 gross margin to be about 43%, up 100 basis points above last year's Q4.  Full Article

Crocs says co, co's units and Western Brands enters into 14th amendment to amended and restated credit agreement​
Thursday, 19 Oct 2017 

Oct 18 (Reuters) - Crocs Inc :Crocs inc - ‍on Oct. 13, co, its units and Western Brands Holding entered into fourteenth amendment to amended and restated credit agreement​.Crocs Inc says amendment increases total commitments under company's revolving credit facility from $80 million to $100 million -SEC filing​.Crocs Inc says amendment permits certain intercompany loans of up to $375 million​.  Full Article

Crocs to cut Chinese production for U.S. market

Crocs Inc will aim to cut the volume of its shoes and accessories produced in China for the U.S. market by more than two-thirds over the next year, as it guards against the impact of President Donald Trump's trade war with Beijing.