Crocs (CROX) reported earnings on Thur 1 Aug 2019 (b/o)

** charts after earnings **

 

Crocs beats by $0.10, reports revs in-line; guides Q3 revs above consensus; raises FY19 revs guidance

Reports Q2 (Jun) earnings of $0.55 per share, $0.10 better than the S&P Capital IQ Consensus of $0.45; revenues rose 9.4% year/year to $358.9 mln vs the $360.46 mln S&P Capital IQ Consensus.

Co issues upside guidance for Q3, sees Q3 revs of $295-305 mln vs. $278.33 mln S&P Capital IQ Consensus.

Co issues upside guidance for FY19, sees FY19 revs of +9-11% yr/yr to ~$1.19-1.21 bln vs. $1.17 bln S&P Capital IQ Consensus, and compared to prior guidance of 5% to 7%