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July 22, 2021, 7:27 a.m. EDT

Crocs shares jump after record revenue

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By Tonya Garcia

Crocs Inc. /zigman2/quotes/201458716/composite CROX -3.85% stock jumped 3.8% in Thursday premarket trading after the shoe company reported record second-quarter revenue. Net income totaled $319.0 million, or $4.93 per share, up from $56.6 million, or 83 cents per share last year. Adjusted EPS of $2.23 blew past the FactSet consensus for $1.59. Revenue was $640.8 million, nearly double the $331.5 million last year and also ahead of the FactSet consensus for $567.0 million. For the third quarter, Crocs is guiding for revenue growth between 60% and 70%. The FactSet consensus is for $510.2 million, implying a 41.1% rise. And for the full year, Crocs is forecasting revenue growth between 60% and 65%. The FactSet consensus is for $2.051 billion, suggesting an increase of 47.9%. Crocs is also making a commitment to net zero emissions by 2030 by moving to sustainable ingredients in its products, reducing packaging and taking other measures. Crocs stock has skyrocketed 91.5% for the year to date while the S&P 500 index /zigman2/quotes/210599714/realtime SPX -0.97% is up 16% for the period.

/zigman2/quotes/201458716/composite
US : U.S.: Nasdaq
$ 113.52
-4.54 -3.85%
Volume: 1.64M
Jan. 19, 2022 4:00p
P/E Ratio
9.85
Dividend Yield
N/A
Market Cap
$6.95 billion
Rev. per Employee
$464,847
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/zigman2/quotes/210599714/realtime
US : S&P US
4,532.76
-44.35 -0.97%
Volume: 2.48B
Jan. 19, 2022 4:58p
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