Footwear company Crocs recently announced its first quarter results for 2018. The results revealed earnings beat which consequently boosted its shares during the release.
Revenue for the period saw an 0.7% increase in a year over year basis. The growth was recorded regardless of the loss of about $12 million of sales experienced during the period.
Also, the company revealed a 15 cents earnings per share during the period. This is an improvement if to compare with last year’s data of just 8 cents per share. The data also exceeded the market estimates of just 13 cents for the quarter.
As for the net income, the company reported a $16.45 million data for the first quarter of 2018. It also improved from last year’s data of just $11.01 million in the same period.
Drew Barrymore ♥ Crocs Chevron Collection
Crocs has also announced the global debut of its Drew Barrymore ♥ Crocs Chevron Collection. The new line-up will be featuring various crocs footwear with the personal designs of Drew Barrymore herself.
In further details, the product line up took the playful, everyday-authentic sensibility route in where children and women can appreciate enjoy the collection.
Additionally, the collaboration features designs combinations of white, black, tan and tomato. The design also comes with popular chevron geometric graphics.
“I really love the Chevron Collection.” Barrymore, expressed in statement. “I think the designs we came up with are extremely fun and wearable, which makes them perfect for moms and kids. There’s a great sophistication to the colortones we used, but also this inspired playfulness.”
“Drew certainly sees herself as a mother first, so we were thrilled to design a collection that helped her tell that story,” Crocs’ Sr. Vice President of Global Product and Marketing Michelle Poole, told reports. “The trend-right graphics, patterns and embellishments pair nicely with Drew’s brand of upbeat, modern-boho style, while the mix of silhouettes make the collection a perfect option for that ‘mommy and me’ wearing occasion.”
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