=Crocs (CROX) reported earnings on Tue 8 May 2018 (b/o)

Crocs beats by $0.01, beats on revs; guides Q2 revs above consensus; guides FY18 revs above consensus 

• Reports Q1 (Mar) earnings of $0.15 per share, $0.01 better than the Capital IQ Consensus of $0.14; revenues rose 5.7% year/year to $283.15 mln vs the $272.21 mln Capital IQ Consensus.
  • E-commerce grew 24.1%, wholesale grew 6.5%, and the retail channel delivered positive comps of 7.6%.
• Co issues upside guidance for Q2, sees Q2 revs of $315-325 mln vs. $310.8 mln Capital IQ Consensus Estimate.
• Co issues upside guidance for FY18, sees FY18 revs of low single digit growth vs. prior guidance of relative flat. 2017 revenue came in at $1.0235 bln, so low single digit growth is above the $1.02 bln Capital IQ Consensus Estimate.
• "Our Spring/Summer 2018 collection is being well-received, and our LiteRide launch surpassed our expectations."