01 Oct Crocs Lowers Q3 Revenue Guidance
Posted at 09:40h in Home, Latest News
In the presentation, the company is updating its third quarter 2015 consolidated revenue guidance to a range of $270 to $280 million, reflecting unfavorable changes in foreign currency exchange rates totaling approximately $4 million and the company’s decision to hold back approximately $6 million of orders to select China distributors in the third quarter.
In reporting second-quarter results on July 30, Crocs said it expected Q3 revenue in the $280 to $290 million range compared to $302 million last year.
The company reaffirmed its mid-term operating margin target range of 10 percent to 12 percent as early as 2018.