Crocs has reported better-than-expected results for the first quarter, with both of its brands contributing to a solid margin gain.

The company’s consolidated revenue for the quarter ended March 31 was $937 million, which was flat on a reported basis and up 1.4 per cent on constant currency.

Gross margin rose from 55.6 per cent in the prior-year period to 57.8 per cent. Net income increased 5 per cent to $160 million.

CEO Andrew Rees said the results were better than expected despite “an increasingly volatile macroeconomic backdrop since the onset of the year”.

“Both our Crocs and Heydude brands contributed to the outperformance with gross margins, operating margins, adjusted earnings per share, and cash flow coming in above plan.”

Sales at the Crocs brands increased 2.4 per cent to $762 million (up 4.2 per cent in constant currency), with a 3.8 per cent drop in North America more than offset by a 8.9 per cent uplift in international revenues.

At Heydude, sales slid 9.8 per cent to $176 million (down 9.5 per cent in constant currency).

The company has withdrawn its full-year outlook, citing macroeconomic uncertainties stemming from global trade policies.

“While we are pleased by the performance of our overall business in April, the new global trade environment, as well as business and consumer uncertainty, has made it challenging to predict how consumers may respond in the future,” Rees explained.