CEO of Crocs, Inc. (CROX) Discusses Second Quarter Results and Growth Initiatives for the Remainder of 2008
Crocs, Inc. (NASDAQ: CROX), a designer, manufacturer and retailer of footwear for men, women and children under the Crocs™ brand, recently announced the company’s second quarter financial results for the period ending June 30, 2008. Total revenues for the second quarter of the year were recorded at $222.8 million, down slightly from $224.3 million for the same period one year earlier. Net income totaled $2.1 million, or $0.03 per diluted share, down sharply from net income of $48.5 million, or $0.58 per diluted share, for the quarter ended June 30, 2007. Ron Snyder, the president and chief executive officer, stated…