Similar companies
Income Statement (USD)
Q2 '24 | QoQ | |
---|---|---|
Revenue | 1.11B | 22.6% |
Gross Profit | 682M | 30.6% |
Cost of Revenue | 786M | 6.7% |
Operating expense | 356M | 11.4% |
Net Income | 229M | 50.1% |
Balance Sheet (USD)
Q2 '24 | QoQ | |
---|---|---|
Total Assets | 4.72B | 1.6% |
Total Liabilities | 3.07B | 4.1% |
Total Equity | 1.65B | 3.5% |
Shares Outstanding | 60M | 1.8% |
Cash Flow (USD)
Q2 '24 | QoQ | |
---|---|---|
Cash from operations | 401M | 1555.1% |
Cash from investing | -17M | 8.3% |
Cash from financing | -375M | 783.9% |
EPS
Financial Highlights for Crocs in Q2 '24
Crocs reported a revenue of 1.11B, which is a 22.6% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 682M, marking a 30.6% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 786M, a 6.7% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 356M, showing a 11.4% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 229M, showing a 50.1% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
It was a positive quarter for Crocs with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies. A decline in EBITDA signals potential operational challenges or increased costs.