Crocs, Inc. (NASDAQ: CROX), manufacturer of the eponymous resin footwear, issued its 4Q2011 earnings on Thursday, showing double digit growth in full year and fourth quarter earnings, as well as massive growth in its order backlog and cash position. From the company’s press release:
“We had a good fourth quarter that concluded a year in which we achieved profitability in all four quarters for the first time since 2007,” said John McCarvel, President and Chief Executive Officer. “We reengaged the consumer during 2010 through great product and more effective marketing and merchandising programs. Our recent performance demonstrates we are succeeding at generating new demand and evolving into a year round brand as we continue to diversify our product line.”
Wall Street Strategy wrote last year on Seeking Alpha:
[P]rices are higher on these embellished products relative to Crocs Classics, oil-based input costs have been benign on the inflation front, so Crocs must be making a killing on margins.
Given the recent run-up in oil prices, one may wonder whether CROX will suffer margin compression in the coming quarters. For the time being, the market has shrugged these concerns off, sending the company’s shares up 5.48% to $18.09 in regular trading and then still higher in after hours.
Covestor models that hold CROX as of end of day 2/24 – click through for more info on the models:
- Bottom-Up Analysis from Epic Advisors
- Bottom-Up Analysis Aggressive from Epic Advisors
Sources:
“Crocs, Inc. Reports 2010 Fourth Quarter and Full Year Financial Results” Crocs, Inc. 2/24/2011. http://investors.crocs.com/phoenix.zhtml?c=193409&p=irol-newsArticle&ID=1532723&highlight=
“Is Crocs Cool Again?” Wall Street Strategies. SeekingAlpha, 9/29/2010. https://seekingalpha.com/article/227456-is-crocs-cool-again
