Following a long period of loss, Crocs Inc has posted a first quarter income of $10.1million, compared with its $2.4million loss in the same time period last year. Crocs CEO, Gregg Ribatt, said that strong performance in the American market has directly attributed to the company’s economic growth, with sales advancing nearly 20 percent.
“As we proceed in 2016, we believe our financial performance will increasingly reflect the benefit of the significant improvements. Despite having more work to do, we’re off to a good start as evidenced by solid Q1 performance. We remain confident that we’re on track to further transform and achieve both our full-year and future sales and profit objectives,” said Ribatt.