- Crocs (NASDAQ:CROX) reports Q3 results above expectations, but sets Q4 guidance below the consensus estimates of analysts.
- Revenue in Europe +12.5% to $60.65M.
- Sales in the Americas +9.7% to $127.48M.
- Sales growth in Asia Pacific and Japan was negative.
- Non-GAAP gross margin -140 bps to 51.8% during the period.
- Guidance: The retailer sets its outlook for Q4 revenue at $200M-$210M vs. $226.6M consensus.
- Shares halted until 4:30 PM ET.