Crocs raises outlook, expects FY18 revenues to increase by 6 percent

Crocs, Inc. anticipates fourth quarter revenues of 211 to 214 million dollars compared with prior guidance of 195 to 205 million dollars. The company continues to expect gross margin to increase by 80 to 100 basis points over 45.4 percent in the fourth quarter of 2017. Crocs now anticipates 2018 revenues to grow approximately 6 percent compared to prior guidance predicting revenue growth of 4 to 5 percent over 2017 revenues of 1,023.5 million dollars. The Company continues to expect gross margin to increase approximately 100 basis points over the 50.5 percent rate in 2017 and income from operations to be over 60 million dollars, up from prior guidance of slightly under 60 million dollars, and 17.3 million dollars in 2017.