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Crocs Inc. CROX,
reported fourth quarter net income of $ 183.3 million, or $ 2.69 per share, compared to $ 19.9 million or 29 cents per share last year. Adjusted EPS of $ 1.06 was well ahead of the FactSet consensus for 81 cents. Revenue of $ 411.5 million hit a record high, according to the company, from $ 263.0 million last year and also ahead of the FactSet consensus of $ 408.0 million. Annual revenues also hit a record $ 1.4 billion, up 12.6% from the previous year. Comparable fourth quarter retail sales increased 40.9% and e-commerce sales increased 92%. For the first quarter, Crocs expects sales growth of between 40% and 50%. The FactSet consensus is $ 363.4 million, which suggests growth of 29.2%. And for the entire year, Crocs is driving revenue growth between 20% and 25%. The FactSet consensus is $ 1.694 billion, which suggests growth of 22.2%. Shares of Crocs fell 0.3% in pre-market trading on Tuesday, but have more than doubled in the past year, up 126.5%. The S&P 500 SPX benchmark,
has gained 16.1% over the past year.
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