Crocs Streamlining Business Will Close Shop

The partial withdrawal of the Chinese market also stems from the continued weakness of the market, especially the consumption habits of Chinese consumers. In the first quarter, Asia Pacific market, including China, plunged by 23.8%, down from US $130 million 900 thousand in the same period last year to US $99 million 775 thousand.

Crocs Inc. Crocs The two quarter is expected to earn 340 million US $-3.50 billion, which is basically in line with analysts' expectations.

　　 Crocs Producer Crocs Inc. Carol released the first quarter earnings before the end of the first quarter of March 31, 2015. The first quarter of the year, Crocs Inc., Carol Chi, was a net loss of $2 million 425 thousand, a net profit of $9 million 124 thousand in the same period last year. In the first quarter, EPS recorded a -0.08 US dollar, which was much lower than the analyst's expected -0.04 dollar, compared with a profit of $0.06 per share during the same period last year. In the first quarter, Crocs Inc. Carol income recorded $262 million 200 thousand, down 16.1% from a year earlier, slightly less than analysts expected $262 million 500 thousand.

suffer Profits fall The impact of Crocs Inc. carloy opened slightly down, but it was backed by the investment bank's Wunderlich Securities buy rating report. The company's share price subsequently rebounded sharply. By the end of the press release, 2:07PM rose 6.29% to $14.02. Wunderlich Securities analyst responded to the commentary of Crocs Inc.'s new chief executive, Gregg Ribatt, saying that the company is in transition. Despite the negative impact of the exchange rate, it is believed that the company will focus on the profit market and contract business not only in the short term but also in the long run. Wunderlich Securities Crocs raised the target price of Crocs Inc. Carlo from $15.5 to $17.

In January 2015, Gregg Ribatt officially became the Crocs Inc. Karo Chi CEO, and made reforms to the "hole shoes" that had been popular but with a shrinking business, strengthened the core market business, and closed some stores in the weak market such as China. In the earnings report, Crocs Inc. Carlo announced the removal of chief executive officer and senior vice president of global supply chain, while chief operating officer Scott Crutchfield will quit. Gregg Ribatt's old subordinate Phil Blake will join the senior vice president of global sourcing, while the 8 year senior employee Dennis Sheldon has been promoted to senior vice president of global distribution and logistics.