Crocs shares soar after document income

Crocs Inc. CROX, +0.82% inventory jumped 7.3% in Tuesday premarket buying and selling after the shoe firm reported document first-quarter income. Web earnings totaled $98.4 million, or $1.47 per share, up from $11.1 million, or 16 cents per share, final yr. Income reached a document $460.1 million, up from $281.2 million final yr. The FactSet


Crocs Inc.
CROX,
+0.82%

inventory jumped 7.3% in Tuesday premarket buying and selling after the shoe firm reported document first-quarter income. Web earnings totaled $98.4 million, or $1.47 per share, up from $11.1 million, or 16 cents per share, final yr. Income reached a document $460.1 million, up from $281.2 million final yr. The FactSet consensus was for EPS of 88 cents and income of $416.0 million. Digital gross sales grew 75.3%, and direct-to-consumer income practically doubled, up 93.3% to $170.1 million. Through the month of April, Crocs authorised extra funding for its share repurchase program, bringing the obtainable complete to $1 billion. For the second quarter, Crocs is guiding for a year-over-year income enhance between 60% and 70%. The FactSet consensus is for income of $464.5 million, implying a rise of 40.1%. And for the full-year, Crocs expects income progress between 40% and 50% in comparison with 2020. The FactSet consensus is for $1.735 billion, suggesting 25.2% progress. Crocs inventory has gained 35.4% for the yr thus far, outpacing the S&P 500 index
SPX,
+0.18%
,
which is up 11.5% for the interval.



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