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Crocs says 4Q sales will reach high end of outlook
Crocs says 4th-quarter sales will reach high end of guidance; annual sales will top $1billion
http://finance.yahoo.com/news/Crocs-says-4Q-sales-reach-apf-2878206870.html?x=0
NIWOT, Colo. (AP) -- Shoemaker Crocs Inc. said Tuesday that it expects its fourth-quarter sales to be at the high end of its guidance, taking its annual revenue over $1 billion.
The company has said it expects $200 million to $205 million in revenue during the fourth quarter, up from $179.2 million in the fourth quarter of 2010.
Analysts expect Crocs to report $204.4 million in revenue in the fourth quarter, according to FactSet.
Crocs reported $790 million in revenue in 2010.
Shares of Crocs rose 65 cents, or 4.3 percent, to close at $15.95. They climbed 93 cents, or 5.8 percent, to $16.88 in after-hours trading.
Welcome to Crox 2012
http://www.egischat.com/forum/viewtopic.php?f=17&t=189
Yes, it should be fine this year. Happy New Year.
exactly what I paid 2 months later..gonna pop in January
Back to the old $18.35 resistance......the trading machine continues....
Crocs upgraded to Buy from Neutral at DA Davidson
http://finance.yahoo.com/news/Crocs-upgraded-Buy-Neutral-DA-theflyonthewall-776458645.html?x=0&.v=1
New Star Analyst Rankings for Crocs, Inc.
http://finance.yahoo.com/q/sa?s=crox
Sterne Agee Raises EPS Estimates on Crocs
A report from Sterne Agee reiterates its Buy rating and $30 price target, and raises its FY '11 and '12 estimates to $1.25 and $1.48 on Crocs (NYSE: CROX). The report states,
“We are raising our FY11 and FY12 adjusted EPS estimates from $1.19 and $1.42 to $1.25 and $1.48 . We believe there is no reason our FY12 revenue estimate of $1,187M (+18%) shouldn't be met or exceeded given the accelerating backlogs and continued demand for product."
"We are raising our Q4 EPS slightly and maintaining our Street-high $1.52 FY12 estimate as we believe CROX continues to evolve into a diversified, global footwear brand. Reiterate Overweight rating and $30 price target."
Crocs, Inc. Reports 2011 Third Quarter Financial Results
Third Quarter Revenue Increased 27.5% to $274.9 million
Cash Increased 54.1% to $220.4 million
Consolidated Backlog up 30.3%
http://finance.yahoo.com/news/Crocs-Inc-Reports-2011-Third-bw-152779937.html?x=0&.v=1
http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=8075274-772-146633&type=sect&dcn=0001104659-11-043145
NIWOT, Colo.--(BUSINESS WIRE)-- Crocs, Inc. (NASDAQ:CROX - News) today reported financial results for the third quarter ended September 30, 2011.
Revenue for the third quarter of 2011 increased 27.5% to $274.9 million compared to revenue of $215.6 million in the third quarter of 2010. Net income for the third quarter of 2011 increased 20.8% to $30.2 million, or $0.33 per diluted share compared to net income of $25.0 million, or $0.28 per diluted share in the third quarter 2010 which included a one-time tax benefit of $3.0 million, or $0.03 per diluted share.
John McCarvel, President and Chief Executive Officer, stated:
“We continued to experience strong global demand versus the prior year period, particularly in Asia. The performance of our spring / summer 2011 product line and the composition of our backlog at September 30, 2011 underscores the progress we have made diversifying Crocs beyond its clog origins. We still remain confident that our long-term brand and growing selection of sneakers, casual shoes, and boots have the ability to penetrate the cold weather selling season in each of our geographic regions. While these are competitive categories with established leaders, we believe we can continue to capture market share and further reduce the seasonality of our business over the long-term.”
Wholesale sales increased 24.3% to $154.0 million;
Retail sales increased 31.4% to $95.3 million; and
Internet sales increased 33.7% to $25.6 million.
Asia increased 40.6% to $111.2 million;
Americas increased 18.0% to $122.7 million; and
Europe increased 25.9% to $41.0 million.
“Our fourth quarter guidance reflects recent softness in our European business due to the current macroeconomic conditions. While we expect Europe to remain challenging as we move into 2012, we are pleased with the strength of our spring 2012 backlog in Asia and the Americas. We believe strong 33% growth in our consolidated spring backlog sets us up for continued growth into next year. The response from retailers to our new product introductions has been very positive in Asia and the Americas and we believe it will provide us with good momentum to start the New Year.”
Is there going to be buyout announcement tomorrow with earnings ?
I think that it is coming sooner than later.
probably alot of margin calls on this big a drop
Wow...still a lot of selling pressure. Thought we'd see a bigger bounce today! Averaged in at 16.46 right now.
Step right up folks and place those bets.
CROX is going to get hit with tax loss selling now. The tug of war is on.
Crocs, Inc. (CROX) downgraded to Neutral with price target $25 by DA Davidson
http://www.gainerstoday.com/Gains-Stock-91120-CROX
I posted some LT charts including weekly last night.
http://www.egischat.com/forum/viewtopic.php?f=17&t=159&start=17
Watch that weekly 100w.moving average
Crocs (NASDAQ:CROX): Stifel Nicolaus reiterated its rating of Buy for this company and changed its price target from $35 to $21. About the company: Crocs, Inc. designs and manufactures shoes. The Company produces soft, lightweight, non-marking, slip- and odor-resistant shoes made of closed-cell resin material. Crocs manufactures men’s, women’s, and children’s shoes and markets them to retail chains.
http://wallstcheatsheet.com/stocks/analysts-issue-new-share-price-targets-for-these-companies-today.html/
I nibbled and lost. if it sets up at some point in the future, then i'll try again. definitely short biased once it can successfully rally
you like CROX here?
cant say until close. play w/ caution
Do you see a bounce happening or the PPS will settle soon at this new 40% low
im guessing the revised financial report for 3rd quarter was more accurate than previous one with more company issues...
Why is crox free falling?
Crocs, Inc. Revises Third Quarter 2011 Revenue and Earnings Guidance
http://finance.yahoo.com/news/Crocs-Inc-Revises-Third-bw-2496890738.html?x=0&.v=1
NIWOT, Colo.--(BUSINESS WIRE)-- Crocs, Inc. (NASDAQ:CROX - News) today revised its revenue and earnings guidance for the third quarter ended September 30, 2011.
For the third quarter of 2011, the Company now expects revenue to be in the range of $273.0 to $275.0 million, an increase of approximately 27% over the $215.6 million of revenue reported in the third quarter last year. This compares to the Company’s previous guidance for third quarter 2011 revenue of $280.0 million. For the third quarter 2011, the Company now expects diluted earnings per share to be between $0.31 and $0.33 compared to its previous guidance of diluted earnings per share of $0.40.
John McCarvel, President and Chief Executive Officer, stated: “Our business in Asia has continued to perform very well on the strength of our new product introductions. After a very positive response to our spring / summer 2011 product line in the Americas, we experienced some softness in our consumer direct channel in kiosk and outlet locations. Gross margins on a consolidated basis were slightly lower in the quarter than our initial expectations driven in part by lower direct sales as a percentage of total revenue.
“While we are disappointed with this guidance revision, we are very pleased with our year-to-date performance and believe that the Crocs brand has never been stronger,” continued Mr. McCarvel. “We remain focused on further penetrating new footwear categories and committed to building our market presence during the fall and holiday seasons. Looking ahead, based on current trends, we believe that fourth quarter revenue will grow in the low teen range on a percentage basis over the same period a year ago.”
The Company also announced that its backlog at September 30, 2011 was approximately $297 million an increase of about 30% compared to the same period a year ago.
Mr. McCarvel concluded, “We are very pleased with the 30% increase in our wholesale backlog at the end of the third quarter which comes on top of a 37% increase a year ago. Building on recent product successes, we are expanding our translucent, Crocs chameleon, and sneaker collections as we head into Spring 2012. Impacted by macro economic headwinds in Europe, growth in our European business has slowed in Q3 and Q4 and is also evident in our spring/summer backlog for 2012. The solid backlog growth rate in Americas and Asia, provides key long-term building blocks to benefit from our increasing product breadth. In addition, our balance sheet remains healthy with record levels of cash and quarter end inventory levels that are projected to be down slightly on a sequential basis.”
Crocs will report full third quarter 2011 financial results on Thursday, October 27, 2011.
$21/$22s look damn good if anyone bought low and decided to dump em recently lol
Trading Machine!!
Chart update....$22 could be in works vs $29 to the upside.
http://www.egischat.com/forum/viewtopic.php?f=17&t=159&p=1623#p1623
Trading machine!!! LoL
low $20s could be coming soon near u.
ITC grants exclusion order for Crocs on infringing shoes
http://www.internationallawoffice.com/newsletters/detail.aspx?g=f3f1fc04-0440-4159-b4b5-0134b2a4af5f
Piper Jaffray Reiterates Overweight Rating on Crocs
Piper Jaffray has published a research report on Crocs Inc (NASDAQ: CROX)
In the report, Piper Jaffray , wrote, "We are reiterating our Overweight rating and $38 price target following a preview of Spring 2012 styles at the FN Platform trade show. Key takeaways from our visit include unit and ASP growth driven by product innovation, strong wholesale growth supported by visual merchandising and product segmentation, and leverage from the "re-use" of existing product molds."
Piper Jaffray rated Crocs an Overweight with a price target of $38.00 .
i like buying more....but of this stock only
It's a trading machine/dream!
it aint right i tell ya it aint right...theres no reason for this stock to drop.
Great trading machine if one can time it properly! LoL
go more go more
Crocs target raised to $41 from $33 at DA Davidson
http://www.theflyonthewall.com/permalinks/entry.php/CROXid1467029/CROX-Crocs-target-raised-to--from---at-DA-Davidson
im gonna wait till this debt thing gets settled...
Nicely done! I gotta figure out if this gap will be a runnaway or if it will close soon. 2 gaps from March and April were runaway gaps so we'll see.
today was real good...i bought tuesday...sold today
Nice, I been playing since the big drop from $14 to $10.50ish I think the low was....Big gap up today too lol
i been playin this since 12/14 range...wish i would have socked away an forgot about it...
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Crocs, Inc. (NASDAQ:CROX) engages in the design, manufacture, and marketing of footwear for men, women, and children under the 'crocs' brand worldwide. The company produces soft and lightweight, nonmarking, and slip- and odor-resistant shoes. It also manufactures and sells a line of crocs-branded apparel and accessory items, which include t-shirts, sweatshirts, hats, beanies, and socks, sunglasses, baseball hats, power straps, and kneepads; and nonbranded products, such as spa pillows and kayak seats that are marketed to original equipment manufacturers. The company sells its products through various footwear channels, including specialty footwear stores, outdoor retailers, and sporting goods and department stores. It also sells its products through other specialty channels, including gift shops, uniform suppliers, independent bicycle dealers, specialty food retailers, health and beauty stores, and other specialty stores. In addition, Crocs sells its products directly to consumers through its Web site, www.crocs.com, and through company-operated kiosks that are located in high foot traffic areas. As of December 31, 2005, it operated 50 retail kiosks domestically and internationally. The company distributes its products through approximately 6,500 store locations in the United States. The company was founded in 1999 as Western Brands, LLC and changed its name to Crocs, Inc. in January 2005. Crocs is based in Niwot, Colorado.
As a global leader in casual footwear, Crocs, Inc. looks out not only for the comfort of our fans, but also for the health and wellbeing of communities in need. Giving back is a strong part of Crocs' culture, and the Crocs Cares℠ program provides a platform for Crocs employees to support organizations that benefit local and global communities alike.
Since 2007, more than 2.5 million pairs of shoes were distributed to those in need in impoverished areas, as well as those affected by natural disasters in more than 40 countries. Most recently, we donated more than 80,000 pairs of shoes to one of Haiti's largest medical providers, an organization dedicated to providing healthcare following the country's devastating earthquake.
Because of the lack of footwear worldwide, non-profit donation partners such as UNICEF, Brothers Brother Foundation, and Feed The Children, to name a few, have teamed up with Crocs Cares℠ to reduce the rate of skin infections, parasites, and cuts acquired through the lack of foot protection. With these partner organizations, we seek to provide families and children with information and education on the importance of proper footwear.
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