Edition:
United Kingdom

Crocs Q4 Loss Per Share $1.72


Thursday, 28 Feb 2019 

Feb 28 (Reuters) - Crocs Inc ::CROCS, INC. REPORTS FOURTH QUARTER AND FULL YEAR 2018 RESULTS; FOURTH QUARTER REVENUES INCREASED 8.5%; 2018 REVENUES INCREASED 6.3% AND INCOME FROM OPERATIONS INCREASED 263.1%; RAISES 2019 REVENUE GUIDANCE.Q4 LOSS PER SHARE $1.72.Q4 ADJUSTED NON-GAAP LOSS PER SHARE $0.10.SEES FY 2019 REVENUE UP 5 TO 7 PERCENT.Q4 REVENUE $216 MILLION VERSUS REFINITIV IBES ESTIMATE OF $213.2 MILLION.Q4 EARNINGS PER SHARE ESTIMATE $-0.24 -- REFINITIV IBES DATA.SEES Q1 2019 REVENUE $280 MILLION TO $290 MILLION.ANTICIPATES REVENUES FOR Q1 OF 2019 WILL BE NEGATIVELY IMPACTED BY APPROXIMATELY $6 MILLION DUE TO STORE CLOSURES.SEES Q1 GROSS MARGIN TO BE APPROXIMATELY 45.5% COMPARED TO 49.4% IN Q1 OF 2018..SEES 2019 CAPITAL EXPENDITURES TO BE ABOUT $65 MILLION, COMPARED TO $12.0 MILLION IN 2018.SEES 2019 REVENUES TO BE UP 5% TO 7% OVER 2018 REVENUES OF $1,088.2 MILLION.SEES 2019 GROSS MARGIN OF APPROXIMATELY 49.5% COMPARED TO 51.5% IN 2018.SEES 2019 REVENUES NEGATIVELY IMPACTED BY ABOUT $20 MILLION RESULTING FROM STORE CLOSURES & AND ABOUT $20 MILLION OF CURRENCY CHANGES.FY2019 REVENUE VIEW $1.14 BILLION -- REFINITIV IBES DATA.Q1 REVENUE VIEW $293.3 MILLION -- REFINITIV IBES DATA.