July 27, 2012, 3:16 PM

Except for Europe, the worldwide web was a good place for Crocs in Q2

European web sales declined 17%, but grew 17% and 44% in North America and Asia.

Mark Brohan

Research Director

Lead Photo

The gains in e-commerce came in the U.S. and Asia, but it was a different story in Europe.

For the quarter ended June 30, Crocs, No. 183 in the 2012 Internet Retailer Top 500, reported:

  • E-commerce sales increased year over year 6.4% to $29.9 million from $28.1 million.
  • Web sales for North America grew 17.0% to $17.9 million from $15.3 million in the second quarter of 2011.
  • Web sales for Asia grew 44.1% to $4.9 million from $3.4 million in the second quarter of 2011.
  • Web sales for Europe decreased 17.0% to $7.8 million from $9.4 million in the second quarter of 2011.
  • Total sales increased year over year 11.9% to $330.9 million from $295.6 million.
  • Same-store sales grew year over year 1.8%.
  • Net income increased 10.8% to $61.5 million from $55.5 million.

The web accounted for 9.0% of total sales compared with 9.5% in the second quarter of 2011.

“Conditions in Europe, including currency headwinds, and slower than expected retail sales in the Americas resulted in slightly lower growth than expected,” says CEO John McCarvel.

For the first six months:

  • E-commerce sales increased year over year 13.0% to $50.5 million from $44.7 million.
  • Web sales for North America grew 6.4% to $30.0 million from $28.2 million in the first two quarters of 2011.
  • Web sales for Asia grew 48% to $7.4 million from $5.0 million in the first two quarters of 2011.
  • Web sales for Europe decreased 9.7% to $13.1 million from $14.5 million in the first two quarters of 2011.
  • Total sales increased year over year 15.4% to $602.7 million from $522.3 million.
  • Net income increased 16.6% to $89.8 million from $77 million in the first two quarters of 2011.

The web accounted for 8.4% of total sales compared with 8.6% in in the first two quarters of 2011.

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