-=Crocs (CROX) reported earnings on Thur 8 Nov 2018 (b/o)

Crocs beats by $0.02, beats on revs; guides Q4 revs in-line; Sees FY18 revs in the range of +4-5% y/y, prior outlook was low single digits

Reports Q3 (Sep) earnings of $0.07 per share, excluding non-recurring items, $0.02 better thanthe S&P Capital IQ Consensus of $0.05; revenues rose 7.3% year/year to $261.1 mln vs the $246.47 mln S&P Capital IQ Consensus.

• Gross margin was 53.3%, improving 250 basis points over last year's third quarter.
• Inventory declined 16.1% to $117.7 million as of September 30, 2018 compared to $140.3 million as of September 30, 2017, reflecting the Company's continued focus on inventory management.

Co issues in-line guidancefor Q4, sees Q4 revs of $195-205 mln vs. $197.27 mln S&P Capital IQ Consensus.

• Gross margin to be approximately 80 to 100 basis points above last year's 45.4% rate.

Co issues in-line guidancefor FY18, sees FY18 revs of +4-5% (Approx $1.063-1.074 bln; Prior outlook low single digits) vs. $1.05 bln S&P Capital IQ Consensus.