Q3 revenues increase 192% at Crocs
US-based footwear designer, manufacturer and marketer Crocs, Inc. has posted improved financial results for the third quarter ended September 30.
Revenues increased 192% to $111 million compared with $38 million for same period in 2005. Revenue for the nine months ended September 30 increased by 223% to $242 million compared with $75 million for the prior year period.
Net income for the third quarter was $22 million compared with $7 million for the same period in 2005. Net income for the nine-month period was $44 million compared with $13 million for the 2005 period.
Gross profit for the third quarter was $65 million compared with $22 million and for the nine-month period gross profit was $136 million compared with $43 million.
For the fourth quarter ending December 31, the company currently anticipates total revenues in the range of $92 to $95 million. For the fiscal year ending December 31, the company forecasts that total revenues will be in the range of $334 to $337 million.
