Crocs IncBeat revenue and EPS estimates, though EPS guidance slightly missed; stock up 25.5%.
Crocs reported first-quarter revenues of $921.5 million, a 1.7% decline year on year, yet exceeded analyst expectations by 2.1%. The company also beat earnings per share estimates, though its EPS guidance for the next quarter slightly missed forecasts. Among seven tracked consumer discretionary footwear stocks, the group collectively beat revenue consensus by 1.7%, with Genesco posting the biggest beat at 2.9% revenue growth and Deckers raising its full-year guidance the most. Crocs delivered the slowest revenue growth in the group, but its stock has risen 25.5% since reporting.
Crocs IncBeat revenue and EPS estimates, though EPS guidance slightly missed; stock up 25.5%.
Deckers Outdoor CorporationRaised full-year guidance the most among tracked footwear stocks.
Genesco IncPosted the biggest revenue beat at 2.9% growth.
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