Crocs Inc Stock Price, News & Analysis

Crocs (NASDAQ: CROX) has launched the Keep It Going Classic Clog, featuring 25% post-consumer recycled content from shoes collected through their 'Old Crocs. New Life' takeback program. This -edition clog, priced the same as the Classic Clog, showcases Crocs' commitment to circularity and sustainability. The brand recently achieved 25% bio-circular content across its entire Croslite material portfolio.

The new clog's Moon Dust color includes visible specs of recycled material, making each pair unique. Crocs continues to focus on reducing waste in manufacturing, distribution, and end-of-life processes to promote a more circular economy in footwear. The 'Old Crocs. New Life' program also donates gently used shoes to Soles4Souls, supporting communities worldwide.

Crocs (NASDAQ: CROX) has achieved a significant sustainability milestone by incorporating 25% bio-circular content in its proprietary Croslite material, which accounts for over 80% of the company's total materials used. This advancement applies across Crocs' entire product portfolio, including the iconic Classic Clog, at no additional cost to consumers.

The company's innovative approach to sustainability involves using plant-based byproducts, such as cooking oil from the food industry, that would otherwise become waste. This method has led to a 3% reduction in absolute emissions in Crocs' overall carbon footprint and a 6.1% reduction in emissions per pair of Classic Clogs compared to its 2021 baseline.

Crocs aims to reach 50% bio-circular content in its Croslite material by 2030 and achieve Net Zero emissions by 2040. The company's focus on sustainability and circularity demonstrates its commitment to creating a more comfortable world for all while reducing its environmental impact.

HEYDUDE, a popular footwear brand owned by Crocs, Inc. (Nasdaq: CROX), has announced a long-term global partnership with Sydney Sweeney as their new spokesperson. The Emmy-nominated actress and producer will lead HEYDUDE's new brand campaign focused on comfort and confidence. The campaign, featuring Sweeney as the 'Director of Dudes', aims to redefine what it means to be a 'Dude' - emphasizing comfort, style, and self-expression.

HEYDUDE, known for its lightweight and comfortable footwear, is rapidly growing its fanbase with over two million social media followers. The brand is expanding its portfolio beyond classic silhouettes to include new styles like the Wendy and Wally Slip, and Wendy and Wally COMF. This partnership with Sweeney is expected to further boost the brand's visibility and appeal to a wider audience.

Crocs, Inc. (NASDAQ: CROX) reported record second quarter results for 2024, with revenues increasing 3.6% to $1,112 million. The Crocs Brand saw strong growth, especially internationally, while HEYDUDE faced challenges. Key highlights include:

- Diluted EPS up 11.2% to $3.77
- Adjusted diluted EPS up 11.7% to $4.01
- Gross margin improved to 61.4%
- Crocs Brand revenues increased 9.7% to $914 million
- HEYDUDE Brand revenues decreased 17.5% to $198 million

The company raised its full-year 2024 earnings per share outlook and maintained revenue guidance. Crocs expects revenue growth of 3-5% for 2024 and adjusted diluted EPS of $12.45 to $12.90.

Crocs, Inc. (NASDAQ: CROX) has announced a conference call scheduled for Thursday, August 1, 2024, at 8:30 am ET to discuss the company's second quarter 2024 earnings results. The quarter ended on June 30, 2024. Interested parties can register for the call details through the Investor Relations section of the Crocs website at investors.crocs.com. A live webcast of the call will be available, and a replay will be accessible through August 1, 2025, on the same site.

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.