Crocs Inc Stock Price, News & Analysis

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.

Crocs, Inc. (NASDAQ: CROX) will present at the ICR 2022 Conference on January 11, 2022, at 3:00 pm ET. Investors can watch the live broadcast through the Investor Relations section of Crocs' website, with a replay available afterward. Crocs is recognized for its innovative casual footwear, primarily made from Croslite™ material, which offers exceptional comfort. The brand emphasizes a message of self-expression and comfort under its Come As You Are™ campaign.

Crocs, Inc. (NASDAQ: CROX) announced a definitive agreement to acquire HEYDUDE™, a casual footwear brand, for $2.5 billion. The acquisition, funded by $2.05 billion in cash and $450 million in Crocs shares, is expected to close in Q1 2022, pending regulatory approval. Executives believe HEYDUDE's profitable growth will enhance Crocs' portfolio. Post-acquisition, HEYDUDE will operate as a standalone division under its founder, Alessandro Rosano. Crocs aims to leverage its global presence to drive HEYDUDE's brand further.

Crocs, Inc. (NASDAQ: CROX) will present at the Morgan Stanley 2021 Virtual Global Consumer & Retail Conference on December 1, 2021, at 9:30 am ET. A live broadcast can be accessed through the Investor Relations section of Crocs' website, with a replay available for six months post-event. Crocs is known for its innovative footwear that emphasizes comfort and style, primarily using its proprietary Croslite™ material. The brand promotes the message of self-expression and comfort through its Come As You Are™ campaign.

Crocs, Inc. (NASDAQ: CROX) will present at the Bank of America Securities 2021 Leveraged Finance Conference on December 2, 2021, at 11:15 am ET. A live broadcast will be available on the company's Investor Relations website, with a replay accessible until March 2, 2022. Crocs is renowned for its innovative casual footwear, focusing on comfort and style using proprietary Croslite™ material. For more information, visit www.crocs.com.

Crocs, in partnership with thredUP, has launched a new Clean Out program aimed at promoting sustainability in footwear. The initiative allows customers to send used Crocs and other apparel to thredUP, where items are inspected and listed for resale. This program supports Crocs' goal to achieve net zero carbon emissions by 2030. Customers can generate prepaid shipping labels and receive shopping credits for their contributions. This partnership aligns with Crocs' broader sustainability efforts, including responsible resource use and waste reduction.