Crocs Turned Into The Tide, Crocco'S Three Quarter, Over Expected Stock Prices Soared 30%

After the three quarter results that exceeded market expectations, the United States struggled before.

Manufacturer Crocs Inc. (NASDAQ:CROX)

The stock price surged 8 days, and the intraday price surged more than three to $28.20, or 31.5%.

As of the end of September, the three quarter, the net profit rose sharply from 544.1% to 1 million 629 thousand US dollars to 10 million 492 thousand US dollars. The net profit attributable to ordinary shareholders was increased from deficit to profit, from -226.3 million or earnings per share -0.03 to 6 million 520 thousand US dollars or earnings per share 0.07 US dollars, far exceeding the market expected -0.02 US dollar.

Quarterly revenue grew 7.3% to $261 million 100 thousand, compared with $243 million 300 thousand in the same period last year, exceeding the market forecast of $246 million 400 thousand.

CEO Andrew Rees was excited about the strong performance of the previous quarter, and announced the partnership with star Post Malone. It is not that the brand chose the rapper, but that the rapper is a fan of Carlo's choice to cooperate with the brand.

Crocking, a popular global shoe consumer, has been popular among consumers of all ages. However, since 2012, there has been a problem. After many years of struggle and reorganization, the fashion pformation has suddenly come to a favorable turn. The brand suddenly turned into a tidal wave and met with requests from several large brand designers. At the same time, a series of cooperation with entertainment stars also went on sale.

As of Thursday's end, the company's share price has surged nearly 110%, the best performing retailer in the US, and has surged 170% in the past 12 months.

Stifel analyst Jim Duffy highly praised Carlo's current virtuous cycle in Thursday's report, streamlining costs, saving capital, reinvesting, and win-win cooperation between celebrities and brands.

Andrew Rees excitedly said in the financial statement that the re - favor of the classic style Clogs "cave shoes" made the group's three quarter profit soar. "Clogs is not only a basic household basic, but a warm welcome to college students and high school students in the return season."

According to him, sales of Clogs products surged 12.7% in the three quarter.

In addition, the Jibbitz series specially designed for "cave shoes" has made a great contribution to the bestseller of Clogs.

Andrew Rees says consumers need to meet personalization, while Jibbitz's accessories series is expanding.

During the reporting period, electricity supplier revenue increased by 23.2%, wholesale business grew by 9.3%, and retail outlet sales rose by 15%.

Quarterly gross profit margin of 53.3% rose 250 basis points year-on-year.

Carlo's four quarter income is expected to be 1.95-2.05 billion, gross profit margin is expected to increase by 80-100 basis points on the basis of last year's 45.4%; annual revenue growth is expected to increase by 4-5%, and gross profit margin is expected to increase by 100 basis points to 51.5%.

The company also looks ahead to the 2019 fiscal year and expects the median revenue growth in 2019 fiscal year.

(pictures are all sourced from the Internet)