Edition:
United Kingdom

Crocs Inc Says Increasing Q4 Expected Gross Margin Guidance By 200 Basis Points To About 45 Pct


Monday, 8 Jan 2018 

Jan 8 (Reuters) - Crocs Inc ::COMPANY CONTINUES TO EXPECT 2017 REVENUES TO BE DOWN LOW SINGLE DIGITS COMPARED TO $1.036 BILLION IN 2016.INCREASING Q4 EXPECTED GROSS MARGIN GUIDANCE BY 200 BASIS POINTS FROM APPROXIMATELY 43% TO APPROXIMATELY 45%.CROCS, INC. INCREASES FOURTH QUARTER 2017 GUIDANCE; ANNOUNCES PARTICIPATION IN THE 20TH ANNUAL ICR CONFERENCE.Q4 REVENUE $187.4 MILLION VERSUS I/B/E/S VIEW $186.7 MILLION.CONTINUES TO EXPECT GROSS MARGIN FOR 2017 TO BE APPROXIMATELY 50%.FY2017 REVENUE VIEW $1.01 BILLION -- THOMSON REUTERS I/B/E/S.