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Boost for Crocs' profit figures

Crocs reported earnings of £4.5 million ($6.4 million) in the first quarter of 2016 – up from the £4.2 million ($6 million) figure announced for the same period last year. Overall revenue for the quarter was £194.3 million ($279.1 million) – around 6.5 per cent higher than the £182.6 million ($262.2 million) for Q1 of 2015.

Crocs' chief executive Gregg Ribatt expressed his satisfaction with the Colorado-based company's start to the new year, while confirming that there is still work to be done to achieve a position for sustained success.

"We remain confident that we are on track to deliver our full year and future sales and profit objectives," he added.

The company has forecasted second quarter revenues of £236.7 to £243.7 million ($340 to $350 million).

Photograph above shows chief executive Gregg Ribatt, who expressed his satisfaction with Croc’s Q1 figures.

Publishing Data

This article was originally published on page 2 of the July/August 2016 issue of SATRA Bulletin.

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