Footwear maker Crocs Inc announced that the Company has raised its sales and net income per diluted common share guidance for the second quarter ending June 30, 2006.
Based on strong demand from consumers, which has resulted in faster than anticipated re-orders from our customers both in the U.S. and overseas, the Company now expects sales for the second quarter of fiscal 2006 to be between $62 million and $65 million compared to its previous sales guidance range of $53 million to $55 million.
The Company also stated that it now anticipates net income per diluted common share to range from $0.23 to $0.25, versus its previous expectation of net income per diluted common share of $0.21 to $0.22. The Company's expected net income per diluted common share for the second quarter of 2006 includes estimated share-based compensation expense.
Crocs Inc is a rapidly growing designer, manufacturer and marketer of footwear for men, women and children under the crocs brand.
All of our footwear products incorporate our proprietary closed-cell resin material, which we believe represents a substantial innovation in footwear comfort and functionality. such as boating, hiking, fishing and gardening, and have enabled us to successfully market our products to a broad range of consumers.
marketing@alchempro.com
