Shoe company Crocs released its second quarter 2012 financials. In the period ending June 30, the company's sales rose 12% over the same period last year, from $ 295,6 million to $ 330,9 million.
For the company, this is the highest level of sales growth in a three-month period in history. In the third quarter, the company expects to receive revenue of $ 300 million.
Net income in the second quarter of 2012 year amounted to $ 61,5 million, last year this figure was $ 55,5 million.
Sales growth in the second quarter was supported by good results in Asia and the American continents, while in Europe, on the contrary, there was a decline. In the Americas, sales rose 10,9% and in Asia, 20,5%. And in Europe, the figure fell by 5,2%.
Wholesale sales grew by 7,3% on an annualized basis, from $ 175,8 million to 188,5 million. Retail sales grew by 22,6% - from $ 91,8 million to $ 112,5 million. According to the results for the second quarter, 484 had retail stores, whereas a year ago this the figure was 397. The total comparable sales in stores in the second quarter increased by 1,8%, and online sales rose by 6% - from $ 28,1 million to $ 29,9 million. This is reported by riamoda.ru.
This year, Crocs is celebrating its 10th anniversary, and plans to release casual shoes for men, women and children for the anniversary - these will be several collections that unite 300 shoes for all seasons.