Shares of Crocs, Inc. (NASDAQ:CROX) ended Friday session in red amid volatile trading. The shares closed down -0.15 points or -1.74% at $8.49 with 926,971.00 shares getting traded. Post opening the session at $8.61, the shares hit an intraday low of $8.47 and an intraday high of $8.76 and the price vacillated in this range throughout the day. The company has a market cap of $638.67 million and the numbers of outstanding shares have been calculated to be 73.49 million shares.
Crocs, Inc. (CROX) on Aug. 03, 2016 reported financial results for the three months ended June 30, 2016.
Second Quarter Highlights:
- Revenue decreased 6.3% to $323.8 million compared to the three months ended June 30, 2015. On a constant currency basis, revenue decreased 6.2%.
- Net income attributable to common stockholders on a GAAP basis increased 21.1% to $11.7 million or $0.13 per diluted share, compared to the three months ended June 30, 2015.
Gregg Ribatt, Chief Executive Officer, said: “Despite a decline in our revenue, I am encouraged by our strategic progress which has enabled us to help mitigate the top-line pressure on profitability by delivering better than expected gross margins and managing expenses while reducing inventories. The global retail environment became more challenging as the second quarter progressed. This impacted our wholesale reorder opportunities and contributed to our sales shortfall relative to expectations. These headwinds were partially offset by a 2.9% increase in global direct-to-consumer comparable store sales, which is a positive indication that consumers are responding favorably to our new product line and enhanced marketing efforts. We remain confident that we have successfully repositioned the business and built the platform to provide sustained growth and profitability over the long-term.”
Shares of Mead Johnson Nutrition CO (NYSE:MJN) ended Friday session in red amid volatile trading. The shares closed down -0.92 points or -1.16% at $78.35 with 885,831.00 shares getting traded. Post opening the session at $79.07, the shares hit an intraday low of $78.33 and an intraday high of $79.19 and the price vacillated in this range throughout the day. The company has a market cap of $14.67 billion and the numbers of outstanding shares have been calculated to be 184.70 million shares.
Mead Johnson Nutrition CO (MJN) on September 8, 2016 announced that its board of directors has declared a regular quarterly dividend of $0.4125 per share for the quarter ending September 30, 2016.
The dividend will be paid on October 3, 2016, to shareholders of record at close of business on September 19, 2016.