Crocs Inc Stock Price, News & Analysis

Crocs, Inc. (NASDAQ: CROX) announced a conference call on May 5, 2022, at 8:30 a.m. ET to discuss its first quarter earnings results for the period ending March 31, 2022. Interested parties can register for the call through the Investor Relations section of Crocs' website, which will also provide a replay until May 5, 2023. Crocs operates in over 85 countries and is known for its innovative casual footwear.

Crocs, Inc. (NASDAQ: CROX) announced on March 9, 2022, the suspension of its direct-to-consumer operations in Russia, including e-commerce and retail, due to the ongoing war in Ukraine. The company is committed to supporting its employees in Russia who will continue to receive wages during this period. Crocs has also paused the import of goods into the country and donated to UNICEF to aid in humanitarian efforts for displaced families and children affected by the conflict.

Crocs, Inc. (NASDAQ: CROX) will present at the UBS Global Consumer and Retail Conference on March 9, 2022, at 3:00 pm ET. The presentation will be available via live broadcast on the Investor Relations section of the Crocs website. An investor presentation will also be accessible starting at 4:30 pm ET and archived for replay until March 9, 2023. Crocs is a leader in innovative casual footwear and operates globally with brands like Crocs and HEYDUDE.

Crocs, Inc. has successfully completed the acquisition of HEYDUDE, a growing casual footwear brand, as of February 17, 2022. The acquisition aims to enhance Crocs' portfolio with a high-margin brand, leveraging its global presence for growth. HEYDUDE is projected to generate revenues between $700 million and $750 million, contributing to Crocs’ revenue and earnings. The deal was financed through $2.05 billion in cash and stock. A new $2 billion Term Loan B has been secured, maturing in 2029, which may affect future financial flexibility.

Crocs, Inc. (CROX) reported strong financial results for Q4 and full year 2021, achieving record revenues of $2.3 billion, a 67% increase year-over-year. The company boasts a robust 30% operating margin, driven by continued global consumer demand. Q4 revenues were $586.6 million, up 42.6%, with DTC revenues growing by 44.5%. While earnings per share decreased slightly to $2.57 due to a tax benefit drop, adjusted EPS surged to $2.15. Moving forward, Crocs aims for $6 billion in revenues by 2026, underpinned by the HEYDUDE acquisition and anticipated revenue growth of over 20% in 2022.

Crocs, Inc. (NASDAQ: CROX) announced a conference call scheduled for February 16, 2022 at 8:30 a.m. ET to discuss its fourth-quarter earnings results for the period ending December 31, 2021. Investors can register for details through the Investor Relations section on Crocs' website. The call will be available live and for replay until February 16, 2023. Known for comfortable casual footwear, Crocs combines style and value, primarily using its proprietary Croslite™ material.

Crocs, Inc. (NASDAQ: CROX) announced a projected 67% revenue growth for 2021, signaling a remarkable year for the brand despite global supply chain challenges. The company aims to achieve $5 billion in revenues by 2026, excluding contributions from the HEYDUDE acquisition, which is anticipated to add approximately $700 to $750 million in full-year pro forma revenues. Crocs expects a 42% growth in Q4 2021 and a non-GAAP operating margin of approximately 30% for the full year, with share buybacks of $1 billion completed in 2021.