Crocs lifted its sales by 19.9 percent to $271.8 million for the quarter, in spite of a sales decline of 2.7 percent in Europe. This was more than compensated by sales increases of 17.1 percent in the Americas and 40.5 percent in Asia. The company's wholesale revenues jumped by 15.9 percent to $190.7 million, while its retail sales advanced by 32.2 percent to $60.6 million, including a comparable sales increase of 10.2 percent for the quarter. Crocs had 439 stores at the end of March, compared with 371 stores at the same time last year, and it intends to open another 80 to 100 stores by the end of the year. The company's gross profit margin increased by 0.7 percentage points to 53.3 percent, and its net income for the quarter reached $28.3 million, up by 31.6 percent. The upward trend will apparently continue, albeit at a lower level, since orders were up by 11 percent to $289 million (more in Shoe Intelligence).
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