NASDAQ$CROX
Crocs Inc · Q2 2020 earnings
Q2 2020 earnings · · Investor relations
Briefing
Crocs reported second quarter fiscal 2020 results with diluted EPS increasing 51% and operating income growing 18%.
Crocs, Inc. announced its second quarter 2020 financial results, reporting global revenues of $331.5 million, a decline of 7.6% from the second quarter of 2019. Diluted earnings per share grew 50.9% to $0.83, and operating income increased 18.3% to $56.6 million.
- Global revenues were $331.5 million, declining 7.6% from the second quarter of 2019.
- Global e-commerce revenue increased by 67.7% with strong growth in all regions.
- Operating margin rose approximately 380 basis points to 17.1%.
- Diluted earnings per share grew 50.9% to $0.83.
Headline financials
Revenue & EPS history
Crocs · Revenue · Quarterly
$332M
Revenue by segment
Crocs · $247M total across 1 segment · Q3 2023
- HEYDUDE Brand$247M-8.4%100.0%
Forward guidance
Excluding the impact of any future shutdowns in major markets for full year 2020, we expect revenue for the remainder of 2020 to be approximately flat compared to the back-half of 2019. A tax rate of 11% for 2020. Inventory to be constrained throughout the remainder of 2020 reflecting our decision to significantly reduce inventory purchases as a result of the pandemic. Approximately $50 million in capital expenditures.
Tailwinds
- Revenue for the remainder of 2020 to be approximately flat compared to the back-half of 2019
- A tax rate of 11% for 2020
- Investments to support future growth that we had previously deferred
Headwinds
- Continued disruption and global uncertainty related to COVID-19
- Inventory to be constrained throughout the remainder of 2020 reflecting our decision to significantly reduce inventory purchases as a result of the pandemic
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2020
-0.2%
Avg return
Earnings day
+0.6%
Avg return
5 days after
+3.5%
Avg return
30 days after
52%
34 / 65 earnings
Positive
+27.3%
Q3 2022
Best reaction
-23.3%
Q2 2016
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -1.6% | +2.8% | +18.4% | |
| Q4 2025 | +19.0% | +20.8% | -5.8% | |
| Q3 2025 | -2.4% | -7.1% | +0.3% | |
| Q1 2025 | +9.8% | +19.4% | +0.7% | |
| Q4 2024 | +23.9% | +20.8% | +11.0% | |
| Q3 2024 | -21.0% | -23.1% | -23.5% | |
| Q2 2024 | -8.2% | -5.7% | +8.8% | |
| Q1 2024 | +6.9% | +13.1% | +17.2% | |
| Q4 2023 | +9.8% | +6.7% | +18.3% | |
| Q3 2023 | -4.0% | -3.4% | +21.9% | |
| Q2 2023 | -9.7% | -10.7% | -20.2% | |
| Q1 2023 | -16.3% | -18.7% | -27.8% | |
| Q4 2022 | +4.6% | -5.5% | -4.6% | |
| Q3 2022 | +27.3% | +23.7% | +55.1% | |
| Q2 2022 | -4.9% | -8.3% | -8.2% | |
| Q1 2022 | -15.7% | -24.9% | -15.7% | |
| Q4 2021 | -18.9% | -21.7% | -17.9% | |
| Q3 2021 | +10.2% | +13.5% | +29.1% | |
| Q2 2021 | +9.4% | +7.3% | +18.3% | |
| Q1 2021 | +16.0% | +18.0% | +20.0% | |
| Q4 2020 | -6.5% | -7.7% | -6.5% | |
| Q3 2020 | +3.2% | +0.2% | +14.8% | |
| Q2 2020 | -3.8% | -2.6% | +10.1% | |
| Q1 2020 | -7.7% | +1.8% | +14.6% | |
| Q4 2019 | -22.7% | -23.0% | -46.8% | |
| Q3 2019 | +5.0% | +7.4% | +4.7% | |
| Q2 2019 | +7.2% | +8.7% | -2.4% | |
| Q1 2019 | -13.9% | -18.0% | -32.0% | |
| Q4 2018 | -11.9% | -11.5% | -9.7% | |
| Q3 2018 | +18.3% | +23.8% | +16.6% | |
| Q2 2018 | +0.8% | +2.3% | +14.7% | |
| Q1 2018 | +3.7% | +5.6% | +22.4% | |
| Q4 2017 | -8.2% | -3.9% | +15.5% | |
| Q3 2017 | +2.5% | +9.7% | +12.0% | |
| Q2 2017 | +10.0% | +16.2% | +15.8% | |
| Q1 2017 | +11.9% | +5.0% | +15.5% | |
| Q4 2016 | +8.4% | +7.2% | +6.3% | |
| Q3 2016 | -2.8% | +8.3% | -2.6% | |
| Q2 2016 | -23.3% | -23.9% | -22.5% | |
| Q1 2016 | +23.5% | — | — | |
| Q4 2015 | -6.4% | — | — | |
| Q3 2015 | -8.0% | — | — | |
| Q2 2015 | +11.3% | — | — | |
| Q1 2015 | +8.2% | — | — | |
| Q4 2014 | +4.8% | — | — | |
| Q3 2014 | -2.2% | — | — | |
| Q2 2014 | +12.2% | — | — | |
| Q1 2014 | +1.6% | — | — | |
| Q4 2013 | +2.9% | — | — | |
| Q3 2013 | -6.7% | — | — | |
| Q2 2013 | -21.7% | — | — | |
| Q1 2013 | +5.1% | — | — | |
| Q4 2012 | +1.4% | — | — | |
| Q4 2011 | -1.0% | — | — | |
| Q3 2012 | -22.2% | — | — | |
| Q2 2012 | +16.7% | — | — | |
| Q1 2011 | +0.7% | — | — | |
| Q1 2012 | -9.6% | — | — | |
| Q4 2009 | -3.9% | — | — | |
| Q3 2011 | +3.6% | — | — | |
| Q3 2010 | +3.6% | — | — | |
| Q4 2010 | -9.6% | — | — | |
| Q2 2010 | -9.6% | — | — | |
| Q2 2011 | -9.6% | — | — | |
| Q1 2010 | +0.2% | — | — |
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