Crocs’ strong sales can’t overcome guidance cut

BROOMFIELD — Crocs Inc. (Nasdaq: CROX) grew its year-over-year sales 6.2% in the third quarter to nearly $1.05 billion, but the casual footwear giant saw its stock price slip on Thursday on news that it is lowering its full-year revenue growth and earnings per share guidance.

Income from operations increased 3.7% year-over-year to $273.9 million in the most recent period. 

“We delivered a strong third quarter, exceeding the high-end of our guidance, led by double-digit revenue growth in our Crocs Brand supported by healthy full-price selling and industry-leading operating margins,” Crocs CEO Andrew Rees said in a prepared statement. “Both our brands…