In the second quarter ended June 30, Crocs recorded a 15 percent increase in turnover to $228.0 million, with increases in sales from all channels. Wholesale revenues were up by 12 percent to $140.0 million, retail grew by 20 percent to $66.4 million, and e-commerce did very well, up by 24 percent to $21.6 million.
Net income ended up at $32.3 million, compared with a loss of $30.3 million for the same period last year. The gross profit margin climbed by 6.7 percentage points to 57.8 percent, and the operating margin reached 16.9 percent.
By region, European revenues rose by 7 percent to $34.6 million and Asian sales increased by 11 percent to $88.6 million. Sales in the Americas jumped by 23 percent to $104.8 million
For the third quarter, Crocs says its sales should increase by another 24 percent to about $205 million (more in Shoe Intelligence).
