Crocs results beat expectations
US designer and manufacturer of footwear for men, women and children, Crocs, Inc. has reported record financial results for the fourth quarter, ended December 31. Revenues increased 236% to $112.9 million versus $33.6 million in the fourth quarter of 2005, whilst net income improved 395.2% to reach $20.8 million versus $4.2 million. For the full year, revenues increased 226.6% to $354.7 million compared with $108.6 million in 2005 and net income rose 278.8% to reach $64.4 million compared with $17 million.