Crocs, Inc. reports developments in its global casual footwear business through the Crocs and HEYDUDE brands. News commonly covers quarterly results and outlooks, direct-to-consumer and wholesale channel trends, international performance, product innovation, brand storytelling and marketing platforms, and consumer response across product categories.
Company updates also address capital allocation such as share repurchases and debt reduction, cost-efficiency initiatives, and leadership changes tied to brand operations. The business sells casual footwear and accessories for men, women and children through wholesale and direct-to-consumer channels in more than 80 countries.
Crocs, Inc. (NASDAQ: CROX) has announced it will host a conference call on Tuesday, October 29, 2024, at 8:30 am ET to discuss the results of its third quarter ended September 30, 2024. Interested parties can register for the call details at the Investor Relations section of the Crocs website, investors.crocs.com. The company will also provide a live webcast of the call, which will be available for replay through October 29, 2025 on the same site.
Crocs (NASDAQ: CROX) is celebrating Croctober with fan-inspired creations. The brand is launching Pet Crocs, designed in partnership with BARK, alongside matching Classic Lined Clogs for humans. These will be available globally on Croc Day, October 23, in two glow-in-the-dark colorways: Green Slime and Pink Dragon Fruit.
Additionally, Crocs is releasing a life-sized Crocs Costume resembling the iconic Classic Clog, complete with Jibbitz™ charms and available in left and right versions. This costume allows fans to become a living Crocs shoe, with arm openings in place of ventilation holes.
Anne Mehlman, Brand President of Crocs, emphasized the brand's commitment to celebrating fan creativity. Crocs is encouraging fans to share their Croctober experiences on social media using the hashtag #Croctober.
HEYDUDE announces a global partnership with singer-songwriter Jelly Roll, launching a -edition shoe design. The collaboration coincides with Jelly Roll's upcoming album 'Beautifully Broken', set for release on October 11th. The partnership aims to encourage self-acceptance and inspire positive change, aligning with HEYDUDE's 'movement of Dudes' initiative.
Key points:
- -edition HEYDUDE x Jelly Roll shoe available for $79.99
- Each purchase includes a vinyl copy of 'Beautifully Broken' album
- Partnership includes collaboration with Big Brothers Big Sisters mentoring organization
- Future plans involve new product releases and coordinated marketing efforts
The collaboration emphasizes HEYDUDE's focus on comfort and lightweight materials, while expanding its product portfolio beyond classic styles.
Jazwares and Crocs have partnered to launch a Squishmallows x Crocs collection, featuring three vibrant designs of Crocs footwear and Jibbitz charms inspired by the popular plush toys. The -edition collection includes the Caedia Classic Clog, Cam Cozzzy Sandal, and Squishmallows Multi Clog, available in full family sizing. An exclusive Jibbitz charm 5-pack is also part of the lineup.
The collaboration aims to combine Squishmallows' colorful personality with Crocs' comfortable styling, offering fans a new way to showcase their love for the brand. The collection is now available at Crocs retailers and on Crocs.com. This partnership marks a significant expansion for the Squishmallows brand, diversifying its product offerings and appealing to consumers of all ages.
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.