Domestic sales slip at Crocs
Crocs, Inc. has reported relatively flat sales for the quarter ended June 30.
Revenues for the quarter totalled $222.8 million compared with $224.3 million in the quarter ended June 30, 2007. International sales rose approximately 20% to $130.1 million compared with $108.9 million for the same period a year ago. However, domestic sales decreased 20% to $92.6 million compared with $115.4 million for the prior-year period.
Net income was $2.1 million compared with $48.5 million in the corresponding quarter last year, while gross profit was $90.3 million compared with $131.9 million in the second quarter of 2007.