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Crocs posts strong sales growth, raises outlook

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Crocs first quarter revenues were 460.1 million dollars, an increase of 63.6 percent from the same period last year, or 60.5 percent on a constant currency basis. The company said, direct-to-consumer (DTC) revenues grew 93.3 percent and wholesale revenues grew 50.1 percent.

Gross margin for the quarter of 55 percent increased 730 basis points, while adjusted gross margin of 55.2 percent rose 720 basis points from the same period last year. The company added that diluted earnings per share increased 818.8 percent to 1.47 dollars, while adjusted diluted earnings per share were 1.49 dollars or 577.3 percent above the 22 cents for the same period last year.

Commenting on the first quarter trading, Andrew Rees, Crocs chief executive officer, said: “Demand for the Crocs brand is stronger than ever with expected 2021 revenue growth of 40 percent to 50 percent. In the first quarter we achieved record revenues and profitability, with growth in all regions and all channels.”

Crocs posts sales growth across geographies

The company further said that Americas revenues of 276.4 million dollars increased 87.5 percent on a constant currency basis, Asia Pacific revenues of 82.6 million dollars increased 20.1 percent on a constant currency basis, while EMEA revenues of 101.1 million dollars increased 41 percent on a constant currency basis.

With respect to the second quarter of 2021, the company expects revenue growth to be between 60 percent and 70 percent compared to second quarter 2020 revenues of 331.5 million dollars and non-GAAP operating margin to be between 21 percent and 23 percent.

For the full year 2021, Crocs expects revenue growth to be between 40 percent and 50 percent compared to 2020 revenues of 1,386 million dollars and non-GAAP operating margin to be between 22 percent and 24 percent.

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Video: Anne Barge SS22 collection

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Video: Anne Barge SS22 collection

In this video, fashion label Anne Barge has presented its SS22
collection at New York Bridal Fashion Week (NYFW).

Watch the video below.

Do you want to see more clothing collections? Click here to view the FashionUnited Marketplace.

Video: VRAI Magazine via YouTube

Photo credit: VRAI Magazine, YouTube

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Fila collaborates with Flock Together initiative on capsule

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Image: Fila x LN-CC x Flock Together
Image: Fila x LN-CC x Flock Together

Sportswear label Fila has unveiled a collaboration with birdwatching initiative Flock Together in the form of an apparel and footwear capsule, to be exclusively sold through LN-CC.

In a range of hike-wear gear made for urban exploring, the collection intends to bring people into nature and engage with their community. The selection includes a reinvented version of the Fila Trailblazer hiking shoe and two shearling fleece designs.

The colourways of the line are inspired by the Kingfisher bird, with a scannable near field communication (NFC) tag present in the hiking shoe that takes buyers to a dedicated page outlining the best places in the UK to spot a Kingfisher.

Image: Fila x LN-CC x Flock Together
Image: Fila x LN-CC x Flock Together

15 percent of all sales of the collection will go towards the Flock Together community fund.

Buying and creative director at LN-CC, Reece Crisp, expressed his enthusiasm over the collaboration in a release, stating: “We’re super excited for LN-CC to be part of this project.

“Flock Together encompasses everything that’s great about community and wellness, two driving forces that are integral to LN-CC too.

“Flock Together’s growth has been both a reaction to, and antidote from, a difficult eighteen months by bringing people together and encouraging outdoor consciousness, so we are honoured to share our platform in amplifying its much-needed positivity while working with Fila in creating this tribute to the Kingfisher.”

Flock Together, founded back in the 2020 covid-19 lockdowns, brings BIPOC together to engage in birdwatching and other nature-oriented activities.

It has previously partnered on an event with Timberland, hosting a range of spoken word presentations at the nature reserve, Woodbury Wetlands. Sponsored by the apparel label, the event aimed to promote the voices in its growing community adjacent to guiding guests through the nature reserve.

Image: Fila x LN-CC x Flock Together
Image: Fila x LN-CC x Flock Together
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Video: Jenny Yoo SS22 collection

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Video: Jenny Yoo SS22 collection

In this video, fashion label Jenny Yoo has presented its SS22 collection
at New York Bridal Fashion Week (NYFW).

Watch the video below.

Do you want to see more clothing collections? Click here to view the FashionUnited Marketplace.

Video: Jenny Yoo via YouTube

Photo credit: Jenny Yoo, YouTube

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