Crocs Q3 revenues increase 7.3 percent, raises outlook

Crocs, Inc. for its third quarter reported revenues of 261.1 million dollars, a 7.3 percent or 9.3 percent increase on a constant currency basis. The company said, this growth was achieved despite the loss of approximately 15 million dollars due to operating fewer stores and business model changes. E-commerce grew 23.2 percent, wholesale 9.3 percent, and retail comparable store sales increased 15 percent.