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.
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. 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.
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.
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