Crocs Beats on Both Top and Bottom Lines

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Crocs (NAS: CROX) reported earnings on April 25. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q1), Crocs beat slightly on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue expanded significantly and GAAP earnings per share increased significantly.


Margins expanded across the board.

Revenue details
Crocs tallied revenue of $271.8 million. The eight analysts polled by S&P Capital IQ foresaw sales of $266.7 million on the same basis. GAAP reported sales were 20% higher than the prior-year quarter's $226.7 million.

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Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
Non-GAAP EPS came in at $0.32. The six earnings estimates compiled by S&P Capital IQ anticipated $0.26 per share on the same basis. GAAP EPS of $0.31 for Q1 were 29% higher than the prior-year quarter's $0.24 per share.

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Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 53.3%, 70 basis points better than the prior-year quarter. Operating margin was 15.0%, 150 basis points better than the prior-year quarter. Net margin was 10.4%, 90 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $351.4 million. On the bottom line, the average EPS estimate is $0.64.

Next year's average estimate for revenue is $1.18 billion. The average EPS estimate is $1.41.

Investor sentiment
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 1,638 members out of 2,309 rating the stock outperform, and 671 members rating it underperform. Among 502 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 347 give Crocs a green thumbs-up, and 155 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Crocs is outperform, with an average price target of $25.67.

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At the time this article was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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