Revenue Growth and Outperformance
Enterprise revenues of $937 million grew 1% to prior year, coming in ahead of the guidance which called for a revenue decline of approximately 1.5% on a constant currency basis.
Crocs Brand Revenue Growth
Crocs brand revenues of $762 million grew 4% to prior year, led by double-digit growth in International and outperforming in North America.
Strong Adjusted Gross and Operating Margins
Enterprise adjusted gross margins of 57.8% gained 180 basis points to prior year, and adjusted operating margins of 23.8% came in more than 200 basis points above guidance.
Adjusted Diluted EPS Exceeds Expectations
Adjusted diluted earnings per share was $3, nearly 20% above the high end of the guidance range.
International Revenue Growth
Crocs achieved 12% revenue growth in international markets, with China accelerating more than 30% compared to the prior year.