Footwear brand Crocs Q1 net profit rises 217% to $142.0mn
04 May '07
3 min read
Stock Split Crocs announced that on May 2, 2007, its Board of Directors declared a two-for-one stock split of the Company's common shares, to be effected in the form of a common stock dividend. All shareholders of record at the close of business on May 31, 2007, will receive one additional share of common stock for each share held on that date. The additional share of common stock will be distributed on June 14, 2007. Information pertaining to shares and earnings per share does not reflect this split.
Guidance For the second quarter of 2007, the Company currently anticipates total revenues to range from $180 million to $190 million and projects its net income per diluted share to range from $0.80 to $0.85.
Crocs also raised its fiscal 2007 guidance. The Company now expects total revenues to range from $670 million to $680 million and net income per diluted share to range from $2.90 to $2.95.
Mr. Snyder concluded, “Crocs is quickly becoming a global lifestyle brand and we are confident that our diversified operating model affords us substantial growth prospects across the board and well into the future. Our momentum is robust, our financials are strong, and we remain committed to fully capitalizing on our growing position in the market.”
Crocs Inc. is a rapidly growing designer, manufacturer and retailer of footwear for men, women and children under the Crocs brand.
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