Crocs raised its earnings and profit guidance on the back of healthy demand in the second quarter.

The footwear maker said it now expects revenue to be up 1% to 2% for the year, compared with previous guidance for it to be somewhere between down 1% and up 1%. The Crocs brand should post at least 2% higher revenue while the Heydude brand should decline by just 2% to 4%, rather than 5% to 7% as previously anticipated.

Crocs also now expects adjusted earnings of $13.70 to $14, up from a prior forecast of $13.20 to $13.75 a share.

For the third quarter, Crocs is expecting revenue to be flat year-over-year and adjusted earnings to be $3.20 to $3.30. Analysts polled by FactSet are projecting $3.53 a share.

Crocs stock fell 11% to $118.99 in premarket trading.

For the second quarter, the company posted a profit of $204.9 million, or $4.13 a share, compared with a loss of $492.3 million, or $8.82 a share, in the same quarter a year earlier.

Stripping out one-time items, adjusted earnings were 4.55 a share, beating analyst estimates by 20 cents.

Revenue rose 2.6% to $1.18 billion, ahead of forecasts for $1.15 billion.