Crocs Inc Stock Price, News & Analysis

Crocs released its 2023 Comfort Report, showcasing strides in sustainability, innovation, and community engagement. The report highlights the company's progress in three core areas: Comfort for the Planet, Comfort for Our Communities, and Comfort for All People.

In 2023, Crocs expanded its 'Old Crocs. New Life' takeback program, achieving a 6.1% carbon reduction for its Classic Clog since 2021. The company increased bio-circular content in Croslite™ to over 20%, a significant step towards its 2030 carbon reduction goal and 2040 Net Zero ambition.

Crocs also donated more than $12 million in funds and shoes, improved supply chain oversight, and enhanced inclusivity efforts. The company's strong financial performance in 2023 supports ongoing investments in innovation and sustainability while meeting customer expectations.

Lee has announced a summer collaboration with footwear brand HEYDUDE, featuring actor Chase Stokes of 'Outer Banks' fame. This collection blends Lee's workwear heritage with HEYDUDE's playful designs, offering a variety of men's, women's, and unisex apparel and shoes.

The seven-piece collection includes items like the Men's Wally Lee Shoe, Women's Wendy Lee Shoe, Carpenter Shorts, and unisex t-shirts and hats. Prices range from $25 to $75. The collection is available on Lee.com, Amazon.com, and HEYDUDE.com.

Crocs, Inc. (NASDAQ: CROX), a global leader in innovative casual footwear, will present at Baird's 2024 Global Consumer, Technology & Services Conference on June 6, 2024, at 8:30 AM ET. The live broadcast and subsequent replay will be available on Crocs' Investor Relations website. Headquartered in Broomfield, Colorado, Crocs offers brands including Crocs and HEYDUDE, with products sold in over 85 countries through various channels.

To access more information, the Investor Relations section of the Crocs website is available, and their PR and investor contacts are Erinn Murphy and Melissa Layton, respectively.

Crocs, Inc. (NASDAQ: CROX) expands its 'Old Crocs. New Life' shoe takeback program nationwide, offering fans a 10% discount when they bring used shoes to retail locations or use a mail-back option. The program aims to address environmental challenges by repurposing or donating old Crocs. The company partners with Soles4Souls for donations and focuses on sustainable practices.

Crocs, Inc. reported a 6% increase in first-quarter revenue, reaching a record $939 million, with diluted EPS up 5% to $2.50 and adjusted diluted EPS up 16% to $3.02. The fiscal year 2024 adjusted diluted earnings per share guidance was raised, driven by the strength of the Crocs brand. The company experienced growth in both North American and international markets, with significant improvements in gross margins. However, revenue expectations for the HEYDUDE brand were reduced for the year.

Crocs, Inc. has appointed Susan Healy as the Executive Vice President and Chief Financial Officer, effective June 3, succeeding Anne Mehlman. Healy brings over three decades of financial and operational leadership experience to the company, having served in various senior financial roles in reputed organizations. She will be responsible for financial planning, accounting, investor relations, tax, internal audit, and corporate development. Healy aims to drive profitable growth and deliver top-tier total shareholder returns for Crocs, Inc.