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Crocs Shows Some Bite in Q4

Crocs updated its guidance for the fourth quarter, approximating 5 percent growth over the prior year’s fourth quarter revenues of $187.4 million to between $195 and $198 million. The company is also increasing its fourth quarter expected gross margin guidance by 200 basis points from approximately 43 percent to approximately 45 percent, which is a 300 basis point increase over the prior year’s gross margin. As for the year as a whole, Crocs expects 2017 revenues to be down low single digits compared to $1.036 billion in 2016.

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