Crocs Q1 results in line with expectations

11 May '09

4 min read

"With this rapid growth came a number of challenges which, along with the recent recession, have negatively impacted the business. In response, Crocs took several steps throughout 2008 to better align its expense structure with lower sales volumes and strengthen its balance sheet. Our intention in 2009 is to preserve the strength of the Crocs brand while endeavoring to strike a balance between lowering our fixed cost base and responsibly reducing our inventory. I am confident that with the solid foundation already in place and the talented group of people working here that we can accomplish our near-term objectives while creating a stronger, more efficient company for the future.”

Guidance
The Company expects to generate between $135 to $160 million in revenue during its fiscal second quarter, with a diluted loss per share between ($0.31) and ($0.15). Due to uncertainties created by the current global economic downturn, the Company is not providing annual guidance at this time.

CROCS INC

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