Footwear company Crocs (NASDAQ:CROX) reported its first-quarter results before the market opened on May 8. Revenue grew despite a headwind created by store closings, with solid wholesale and e-commerce sales offsetting a lower store count. The bottom line surged as well, with Crocs’ multiyear cost-cutting effort knocking down expenses. Here’s what investors need to know about Crocs’ first-quarter report.
Crocs results: The raw numbers
Metric
Q1 2018
Q1 2017
Year-Over-Year Change
Revenue
$283.1 million
$267.9 million
5.7%
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