Crocs has lowered its third-quarter revenue and earnings guidance on the back of "softness" in its consumer direct channel in kiosk and outlet stores.

The company said yesterday (17 October) that it now expects revenue to be in the range of US$273-275m, down on the previous forecast of $280m. It now expects diluted earnings per share to reach $0.31-0.33 a share, compared to its previous guidance of $0.40.

"After a very positive response to our spring/summer product line in the Americas, we experienced some softness in our consumer direct channel in kiosk and outlet locations. Gross margins on a consolidated basis were slightly lower in the quarter than our initial expectations, driven in part by lower direct sales as a percentage of total revenue," said president and CEO John McCarvel.

"While we are disappointed with this guidance revision, we are very pleased with our year-to-date performance and believe that the Crocs brand has never been stronger. We remain focused on further penetrating new footwear categories and committed to building our market presence during the fall and holiday seasons."

The company expects fourth-quarter revenue to grow in the "low teen range on a percentage basis" over the same period a year ago.

The company will report its third-quarter results on 27 October.