Shoe Company Crocs Keeps Good Development In The First Half Year

Crocs 2010 first quarter total revenue rose 23.7%

In the first quarter of 2010, Crocs's total revenue was $166 million 900 thousand, up 23.7% compared to the same period last year, and it was 134 million 900 thousand US dollars in the same period of 09 years. Net income was $5 million 700 thousand, earnings per share were 7 cents, 09 US dollars for the same period, and earnings per share were 27 cents. The cost of sales was $80 million 148 thousand, compared with $85 million 161 thousand in the same period in 09 years. Gross profit was $86 million 704 thousand, compared with $49 million 731 thousand in the same period in 09 years.

Wholesale sales amounted to US $120 million 200 thousand, up 26.1% over the same period last year. Retail sales amounted to US $34 million 400 thousand, up 23.3% over the same period last year. Network sales of $12 million 300 thousand, an increase of 5.1% over the same period. European income was $38 million, up 34.3% over the same period last year. Asia's income was $54 million 700 thousand, up 40.3% over the same period last year. American income was $74 million 200 thousand, up 9.8% over the same period last year.

As of March 31st, cash and cash equivalents amounted to $53 million 800 thousand, and in 09 years he could rise to $50 million 600 thousand. Inventories were $107 million 200 thousand, compared with $131 million 200 thousand in the same period in 09 years. Accounts receivable amounted to $97 million 400 thousand, compared with $60 million 600 thousand in the same period in 09 years.

　　 Crocs President and Chief Executive Officer John McCarvel "The revenue of all channels of our company has increased year-on-year, mainly because new products bring good returns. Wholesale channels have made a favorable turn, and revenues around the world have improved over the same period in 09 years. In 2010, we continued to implement the established plan and keep it well. Development "

Crocs company's total revenue rose 31% in the second quarter of 2010.

Recently, Crocs announced its revenue in the second quarter of 2010, with a total revenue of US $228 million, up 31% over the same period last year. Net income was $32 million 300 thousand, diluted earnings per share were $0.37, net loss in the 09 year period was $30 million 300 thousand, and the loss per diluted share was 36 cents. Gross profit was $131 million 900 thousand, up 30% over the same period last year. Sales, administration, daily expenses and donations were $93 million 200 thousand, down 25.8% from the same period last year.

Wholesale sales amounted to US $140 million, up 12% over the same period last year. Retail sales amounted to US $66 million 400 thousand, up 20% over the same period last year. The amount of network marketing was $21 million 600 thousand, up 24% over the same period last year.

The total income of the Americas was 104 million 800 thousand US dollars, up 23% over the same period last year. Asia's total revenue was $88 million 600 thousand, up 11% over the same period last year. Europe's total revenue was $34 million 600 thousand, up 7% over the same period last year.

At present, Crocs's cash and cash equivalents are $96 million 900 thousand, up 25% compared with the same period last year, without bank debt. Inventories were $113 million 600 thousand, up 2% from the same period last year, and 111 million 600 thousand US dollars in the same period 09 years ago. By the end of the second quarter, accounts receivable was $94 million, compared with $67 million 100 thousand in 09 years.

John McCarvel, President and chief executive officer of Crocs, said: "we are pleased to see the second quarter's revenue, reflecting the strength of our global wholesale and direct business. Revenue growth is mainly influenced by product innovation, thoughtful service, brand development strategy, wholesale and other good developments. Most importantly, we have improved our business model, increased profits and improved capital flows. I believe that with the strength of our balance sheet, we will take advantage of global opportunities for better development.

Crocs expects total revenue in the third quarter of 2010 to be about $205 million, up 24% over the same period last year. Diluted earnings per share were about 22-24 cents, and 9 cents in the 09 quarter of the third quarter.