- Crocs (NASDAQ:CROX) reports global comparable-store sales fell 5.3% in Q1 (-1.5% constant currency).
- A reduced store count and narrower global focus from the company was a factor in the quarter.
- Revenue in Europe -6.5% to $44.65M (+18% constant currency).
- Sales in the Americas -12.8% to $61.18M (-10.5% constant currency).
- Sales in Asia Pacific -26.8% to $72.5M (-21.7% constant currency).
- Store count -27 Q/Q to 558.
- Guidance: The retailer expects Q2 revenue of $340M to $350M.
- Previously: Crocs EPS of -$0.08