Crocs, Inc. has raised its sales and net income per diluted common share guidance for the second quarter ending June 30, 2006.
Based on strong demand from consumers, which has resulted in faster than anticipated re-orders from our customers both in the U.S. and overseas, the Company now expects sales for the second quarter of fiscal 2006 to be between $62 million and $65 million compared to its previous sales guidance range of $53 million to $55 million.
The Company also stated that it now anticipates net income per diluted common share to range from 23 cents to 25 cents, versus its previous expectation of net income per diluted common share of 21 cents to 22 cents. The Company’s expected net income per diluted common share for the second quarter of 2006 includes estimated share-based compensation expense.
