Crocs President Andrew Rees commented: "Revenues in the quarter were in line with our expectations in three out of four regions. Despite unfavorable exchange rates, we saw 13% year-over-year revenue growth in Europe, with the greatest part of that coming from strong wholesale channel performance. In the Americas, we saw a 10% revenue rise, as US same-store sales trends began to improve in the back half of the quarter. Revenue declined slightly in Asia, where results were substantially impacted by weaker performance in our China wholesale and retail businesses. While Internet sales increased slightly in Japan, revenue for the region was down 9% overall due to weak retail same-store sales, lower at-once demand and continued weakness in the Yen."

The company announced revenue of 302.4 million US dollars for the three months ended on the 30th September, up by 4.8% from the 288.5 million US dollars registered in similar period in 2013. Net income for the period reached 15.8 million US dollars growing 19.1% from the 13.2 million US dollars registered in similar period last year. In the last quarter sales declined 8.9% in Japan and 1.4% in Asia Pacific, while in the Americas revenue was up by 9.7% and in Europe 12.5%.

"Factors driving our third quarter 2014 performance included strong revenue growth in Europe, particularly in the wholesale channel, and improvements in the Americas region, where wholesale channel performance also led the way", commented Jeff Lasher, Crocs Chief Financial Officer. "These were offset by negative currency impacts in Europe and Japan and weak performance in Asia, where our China wholesale volume declined significantly and retail sales at comparable stores declined by double digits in China, Korea and Hong Kong. The quarter also was impacted by a reserve for doubtful accounts in excess of 5 million US dollars primarily as a result of delayed payments from partner-owned stores in China."

For the nine months period ended 30th September revenue totaled 991.8 million US dollars, a 2.9% increment from similar period in 2013. Despite the good revenue performance in revenue, net income was still down by 37.6% from similar period last year.

As previously announced, a search is underway for a new Chief Executive Officer for the company. On the 21st of October, Crocs, Inc. made public several management team changes, including the appointments of Bob Munroe to the position of General Manager of Crocs Americas region; Greg Sullivan to the new role of Senior Vice President of global business transformation; Scott Yuan to General Manager of Greater China; and Michelle Poole to Senior Vice President of global product creation and merchandising.