Crocs Inc Stock Price, News & Analysis

Crocs, Inc. announced record revenues of $3.6 billion for 2022, a 53.7% increase from 2021, with adjusted operating income at $986 million and diluted EPS of $8.71. The Crocs and HEYDUDE brands contributed to this growth, with a projected revenue increase of 10% to 13% in 2023. Despite a decline in gross margin, adjusted diluted EPS is anticipated to rise to between $11.00 and $11.31. The company reduced debt by $550 million post-HEYDUDE acquisition, improving leverage to 2.25 times. Strong consumer demand, particularly in sandals, is expected to drive further growth in 2023.

Crocs, Inc. (NASDAQ: CROX) will host a conference call on February 16, 2023, at 8:30 a.m. ET to discuss its fourth quarter results ending December 31, 2022. Investors can register for the call at the company’s Investor Relations website. The call will be available live and for replay for one year. Crocs is a leader in casual footwear, selling products like Crocs and HEYDUDE in over 85 countries through various channels. For further details, visit www.crocs.com.

Crocs, Inc. (NASDAQ: CROX) anticipates record revenues of approximately $3.55 billion for 2022, marking a 53% increase from 2021. The company expects fourth-quarter growth of about 60%. Looking forward, Crocs projects a revenue increase of 10-13% for 2023, estimating revenues of $3.9 to $4.0 billion. Significant reduction in borrowings by $500 million since acquiring HEYDUDE is noted. The company maintains a non-GAAP operating margin target of 27% for the fiscal year.

Crocs, Inc. (NASDAQ: CROX) will present at the 2023 ICR Conference on January 10, 2023, at 8:00am ET. Interested parties can access a live broadcast of the presentation through the Investor Relations section of Crocs' website. A replay will also be available post-conference. Crocs is recognized for its innovative casual footwear for all ages and operates in over 85 countries. The brand promotes comfort and style, with products sold through wholesale and direct-to-consumer channels.

Crocs, Inc. (NASDAQ: CROX) will present at Morgan Stanley's Global Consumer & Retail Conference on December 6, 2022, at 1:45 PM ET. Interested parties can access a live broadcast via the Investor Relations section of the Crocs website. A replay will be available post-conference. Crocs, known for its innovative casual footwear, operates in over 85 countries and markets brands including Crocs and HEYDUDE. For further inquiries, contact investor relations.

Crocs, Inc. reported robust third quarter 2022 results, achieving record revenue of $985.1 million, a 57.4% increase year-over-year. The Crocs Brand generated $715.7 million in revenue, reflecting 14.3% growth, while HEYDUDE Brand revenues surged 87% to $269.4 million. The adjusted operating margin was 27.9%, and diluted EPS rose to $2.97, up 20.2%. For 2022, the company revised revenue guidance to $3.455 to $3.520 billion. Notable challenges included lower gross margins due to inflationary pressures. Gross margins declined to 54.9%, impacted by rising costs.

Crocs, Inc. (NASDAQ: CROX) will host a conference call on November 3, 2022, at 8:30 a.m. ET to discuss its third-quarter earnings results for the period ending September 30, 2022. Investors can register for the call via the Investor Relations section of Crocs' website. The live call will also be available for replay until November 3, 2023. Crocs is known for its comfortable and stylish footwear, including its brands Crocs and HEYDUDE, sold in over 85 countries.

Crocs (NASDAQ: CROX) is celebrating its 20th anniversary during Croctober, starting October 1, 2022, with a global 'Free Pair For All' shoe giveaway. The brand aims to engage its fanbase through surprise giveaways, new product launches, and a special limited-edition release on Croc Day, October 23. Highlights include a unique Metaverse experience on Zepeto and Roblox, allowing fans to interact in innovative ways. This celebration acknowledges the support of its loyal fans while solidifying Crocs' position in the casual footwear market.

Crocs, Inc. (NASDAQ: CROX), a leader in innovative casual footwear, will present at Piper Sandler's Growth Frontiers Conference on September 13, 2022, at 10:30 AM ET. The event will be live-streamed via the investor relations section of Crocs' website, with a replay available for one year. Crocs offers stylish and comfortable footwear for all ages and is sold in over 85 countries through various channels.