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Mar 31, 2020
Crocs Q1 2020 Earnings Report
Crocs reported first quarter results, with Americas revenues increasing and e-commerce revenues rising despite COVID-19 related store closures.
Key Takeaways
Crocs, Inc. announced its first quarter 2020 financial results. Total revenue held up well with exceptional performance in the Americas and e-commerce businesses, but was overshadowed by COVID-19 related store closures. The company has taken precautionary measures to address the impact of COVID-19 and the recessionary environment.
Revenues were $281.2 million, declining 5.0% from the first quarter of 2019.
Gross margin was 47.7%, compared to 46.5% in last year’s first quarter.
Diluted earnings per share fell to $0.16, as compared with $0.33 in the first quarter of 2019.
Cash and cash equivalents were $107.0 million as of March 31, 2020.
Revenue by Geographic Location
Forward Guidance
Given the continued disruption and uncertainty globally related to COVID-19, Crocs previously withdrew the guidance it provided on February 27, 2020. Crocs is also not providing full second quarter or full year guidance at this time beyond what is outlined above.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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