Crocs, Whirlpool report strong Q2 earnings as retail sector reopens

July 22, 2021 03:21 PM PDT | By Team Kalkine Media
Follow us on Google News:


  • Consumer products are in demand as the retail sector reopens.
  • Crocs, Inc. (NASDAQ: CROX) sold 29.1 million pairs of shoes worldwide in Q2. Its net income jumped 464% year-over-year.
  • Whirlpool Corporation’s (NYSE: WHR) revenue rose by 32% YoY. It has increased its dividend payouts for nine consecutive years.

Crocs, Inc. (NASDAQ: CROX) and Whirlpool Corporation (NYSE: WHR) reported their robust second-quarter earnings on Thursday, July 22. Crocs, Inc.’s stock jumped over 9%, while Whirlpool Corporation’s share fell 1.33% in intraday trading after the quarterly results.

CROX was priced at US$131.35, up 9.48%, at 3:27 pm ET, and WHR stock traded at US$214.36, down 1.33%, at 3:27 pm ET.

Crocs sold 29.1 million pairs of shoes worldwide in the latest quarter compared to 16.3 million pairs in Q2 of 2020. Its geographical revenue contributors are Americas, Asia Pacific, and EMEA, representing 63%, 20%, and 17%, sequentially, in the quarter. Its total revenue was US$640.77 million compared to US$331.55 million in the same quarter the previous year, showing a 93.3% increase year-over-year.

Also Read: Six pipeline stocks to explore as energy demand soars

Its net income grew to US$318.95 million in this quarter from US$56.55 in the June quarter of 2020, showing a growth of 464% year-over-year. CROX’s net income per common share diluted is US$4.93 compared to US$0.83 for the same period the previous year.

The company’s cash and cash equivalent also increased to US$197.85 million compared to US$135.8 million in the December quarter of 2020.

Crocs’ market capitalization is US$8,63 billion, and the P/E ratio is 22.42. The share volume is 5,059,842. 

Also Read: Six hot penny stocks to explore when Delta fear settles down


Source: Pixabay       

Also Read: 5 hot entertainment stocks to keep an eye on

On the other hand, WHR’s revenue segments are North America, Latin America, Asia, Europe, and Africa. North America is a major contributor to its sales. Its major product categories are laundry appliances, refrigerators & freezers, cooking, and dishwashing appliances.

Its net sales are US$5.32 billion for the June quarter, 2021, compared to US$4.04 billion, recording a 32% growth. The net income is US$581 million against US$30 million for the June quarter a year ago, reflecting an 1837% increase YoY. Its net EPS diluted rose to US$9.15 from US$0.47 a year ago.

WHR’s cash and cash equivalent position is flat with US$2.97 billion in the June quarter, 2021, compared to US$2.92 billion in the December quarter of 2020.

Its Market capitalization is US$13.44 billion, and the P/E ratio is 7.15.

Also Read: Looking for growth stocks? Here are two options

It has increased its dividends for the last nine consecutive years. It announced to increase the dividend by 12% on common stock to US$1.40 per share from US$1.25 per share in this quarter. Its dividend yield is 2.63%.

Please note: The above constitutes a preliminary view and any interest in stocks/cryptocurrencies should be evaluated further from an investment point of view.


The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media LLC (Kalkine Media, we or us) and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures/music displayed/used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it, as necessary.

Top Listed Companies