Welcome to our dedicated page for Crocs news (Ticker: $CROX), a resource for investors and traders seeking the latest updates and insights on Crocs stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Crocs's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Crocs's position in the market.
Rhea-AI Summary
Crocs, Inc. reports strong third quarter 2023 financial results, with consolidated revenues of $1,045.7 million, an increase of 6.2% from the same period last year. Crocs Brand revenues grew 11.6% to $798.8 million, fueled by Asia revenue growth of 26.5% and North America direct-to-consumer comparable sales growth of 10.2%. Diluted EPS increased 5.5% to $2.87, and adjusted diluted EPS increased 9.4% to $3.25. The company repurchased approximately 1.4 million shares for $150.0 million during the quarter.
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End-of-Day
-5.29%
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Crocs launches Retail Takeback Pilot Program to address fashion waste and extend the use of old shoes. Consumers can bring their old Crocs shoes to select stores in 10 states. Gently used shoes will be donated to Soles4Souls, while unwearable ones will be repurposed. The program aims to reduce waste and help people in need.
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-0.43%
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Crocs to host conference call to discuss Q3 2023 results
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-1%
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Crocs kicks off Croctober with a month-long celebration of its fan base, including the release of the highly anticipated Crocs Classic Cowboy Boot.
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-1.43%
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Erinn Murphy hired as Senior VP, Investor Relations & Corporate Strategy at Crocs, Inc.
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0.52%
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HEYDUDE shoes announces partnership with Dude Perfect, creating bespoke content for the brand. Dude Perfect's fun sports-themed content aligns with HEYDUDE's brand ethos. The partnership will bring new and exciting content to Dude Perfect's YouTube audience while highlighting new HEYDUDE products.
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End-of-Day
-1.43%
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Crocs, Inc. (NASDAQ: CROX) announces the successful repricing of its $1.18 billion outstanding under its Term Loan B facility through a refinancing amendment, resulting in a 0.50% reduction in interest rate margins. The company's EVP and Chief Financial Officer, Anne Mehlman, expresses satisfaction with the outcome, highlighting the strong credit profile and free cash flow generation. Since acquiring HEYDUDE in February 2022, $850M in debt has been repaid, and the company plans to balance debt repayment and share repurchases as it approaches its long-term net leverage target.
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-1.07%
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Pop-Tarts and Crocs have teamed up to create Pop-Tarts Croc-Tarts, a limited-edition collaboration that combines flavor and footwear. The collaboration includes custom Crocs Classic Clogs with Pop-Tarts-inspired Jibbitz charms and a box of Unfrosted Strawberry Pop-Tarts with Crocs-shaped candy Jibbitz charms. This collaboration allows fans to express themselves and challenge traditional ideas of where Pop-Tarts can be enjoyed.
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-0.4%
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Crocs, Inc. (NASDAQ: CROX) announces record quarterly revenues of over $1 billion, with a 12% growth. Operating margin reached 30%, and full-year outlook for revenues, operating margin, and earnings per share has been raised. The Crocs and HEYDUDE brands both experienced significant growth, with Crocs Brand revenues increasing by 13.8% and HEYDUDE Brand DTC revenues growing by 29.7%.
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-14.61%
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Rhea-AI Summary
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-1.55%
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Crocs, Inc.
Nasdaq:CROX
CROX Rankings
CROX Stock Data
7.54B
58.44M
2.9%
95.64%
8.4%
Footwear Manufacturing
Manufacturing
United States of America
BROOMFIELD
About CROX
crocs, inc. (nasdaq: crox) is a world leader in innovative casual footwear for men, women and children with more than $1 billion in annual revenue. the company offers several distinct shoe collections with more than 300 four-season footwear styles. all crocs™ shoes feature croslite™ material, a proprietary, revolutionary technology that gives each pair of shoes the soft, comfortable, lightweight, non-marking and odor-resistant qualities that crocs wearers know and love. crocs fans “get crocs inside” every pair of shoes, from the iconic clog to new sneakers, sandals, boots and heels. since its inception in 2002, crocs has sold more than 200 million pairs of shoes in more than 90 countries around the world.