Crocs, Inc. Hosts 2015 Investor Day Meeting
September 30 2015 - 9:07AM
Updates Third Quarter 2015 Sales
Guidance
Reaffirms Mid-Term Operating Margin
Target
Crocs, Inc. (NASDAQ:CROX) today is hosting an Investor Day meeting
in Boston beginning at approximately 9:00 am Eastern Time and
ending at approximately 12:30 pm Eastern Time. A live audio
broadcast of management's presentations and the presentation
materials are available by clicking the 'Investor Relations' link
under the company section on www.crocs.com. An audio replay of the
webcast will be available on the Crocs website after the
presentation.
In the presentation, the company is updating its third quarter
2015 consolidated revenue guidance to a range of $270 to $280
million, reflecting unfavorable changes in foreign currency
exchange rates totaling approximately $4 million and the company's
decision to hold back approximately $6 million of orders to select
China distributors in the third quarter.
Also in the presentation, the company is reaffirming its
mid-term operating margin target range of 10% to 12% as early as
2018.
About Crocs, Inc.
Crocs, Inc. is a world leader in innovative casual footwear for
men, women and children. Crocs offers several distinct shoe
collections with more than 300 four-season footwear styles. All
Crocs™ shoes feature Croslite™ material, a proprietary,
revolutionary technology that gives each pair of shoes the soft,
comfortable, lightweight, non-marking and odor-resistant qualities
that Crocs fans know and love. Crocs fans "Get Crocs Inside" every
pair of shoes, from the iconic clog to new sneakers, sandals, boots
and heels. Since its inception in 2002, Crocs has sold more than
200 million pairs of shoes in more than 90 countries around the
world.
Visit www.crocs.com for additional information.
The matters regarding the future discussed in this news release
include "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995. These statements
include, but are not limited to, statements regarding prospects,
investments in our business and outlook. These statements involve
known and unknown risks, uncertainties and other factors which may
cause our actual results, performance or achievements to be
materially different from any future results, performances, or
achievements expressed or implied by the forward-looking
statements. These risks and uncertainties include, but are not
limited to, the following: macroeconomic issues, including, but not
limited to, the current global financial conditions; the effect of
competition in our industry; our ability to effectively manage our
future growth or declines in revenue; changing fashion trends; our
ability to maintain and expand revenues and gross margin; our
ability to accurately forecast consumer demand for our products;
our ability to successfully implement our strategic plans; our
ability to develop and sell new products; our ability to obtain and
protect intellectual property rights; the effect of potential
adverse currency exchange rate fluctuations and other international
operating risks; and other factors described in our most recent
annual report on Form 10-K under the heading "Risk Factors" and our
subsequent filings with the Securities and Exchange Commission.
Readers are encouraged to review that section and all other
disclosures appearing in our filings with the Securities and
Exchange Commission.
All information in this document speaks as of September 30,
2015. We do not undertake any obligation to update publicly any
forward-looking statements, including, without limitation, any
estimate regarding revenues or earnings, whether as a result of the
receipt of new information, future events, or otherwise.
CONTACT: Investor Contact: Brendon Frey, ICR
(203) 682-8200
Brendon.Frey@icrinc.com
Media Contact: Katy Michael/Crocs Inc.
(303) 848-7000
kmichael@crocs.com
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