Crocs continues to expect full year 2017 revenue to be down low single digits compared to 1.036 billion US dollars in 2016. Still, Crocs continues to expect gross margin for 2017 to be approximately 50%.
Crocs increases fourth quarter guidance
The US-based casual footwear company has updated its guidance for the fourth quarter and full year ended on the 31st of December. Crocs is more optimistic about its performance
Crocs is increasing its previous fourth quarter revenue guidance from between 180 million US dollars and 190 million US dollars million to between 195 million US dollars and 198 million US dollars, which approximates 5% growth over the prior year’s fourth quarter revenue of 187.4 million Us dollars.
The clogs company is also increasing its fourth quarter expected gross margin guidance by 200 basis points from approximately 43% to approximately 45%, which is a 300-basis point increase over the prior year’s fourth quarter gross margin.