American footwear brand Crocs recorded record revenue in the second quarter of the current fiscal year, it amounted to $ 640,8 million. Growth is noted in all regions of the global brand's presence, writes Worldfootwear.com.
“We continue to see strong consumer demand for the Crocs brand worldwide. Against the backdrop of record second quarter results and continued growth, we are raising our forecast for 2021, ”said Crocs CEO Andrew Rees.
During the conference call, Rees expressed concern about the short-term impact of COVID-19, recalling that “global logistics remains challenging and volatile,” but at the same time, he noted that the same supply issues have already been factored into the forecasts and remain just as optimistic. ...
In the second quarter of the current fiscal year, Crocs revenue increased 93,3%, or 88,4% excluding currency fluctuations, compared to 2020, totaling $ 640,8 million. Direct-to-consumer sales are up 78,6. 2020% compared to 52, accounting for 112,1% of revenue in the second quarter, and wholesale revenue increased by 405,7%. In the Americas, revenues reached $ 135,6 million, an increase of XNUMX%.
In the Asia-Pacific region, revenues were $ 126,8 million, an increase of 27,1% excluding currency fluctuations. In the EMEA region, revenues were $ 108,3 million, an increase of 52,6% excluding currency fluctuations. Operating income more than tripled to $ 195,3 million over the same period last year ($ 56,6 million), while operating margin increased to 30,5% from 17,1%.
Adjusted operating income rose 166,1% to $ 196,4 million, and adjusted operating margin was 30,7%, up from 22,3% in the same period in 2020.
For the third quarter of fiscal 2021, Crocs expects revenue growth to be between 60% and 70% compared to $ 361,7 million in Q2020 2021. Throughout 60, the company expects revenue growth of 65-2020% compared to 1,386 revenue of $ XNUMX billion.
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