Crocs Inc Stock Price, News & Analysis

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.

Crocs reported exceptional third quarter 2021 results with 73% revenue growth to $625.9 million and an operating margin of 32.4%. The Americas saw a 94.5% increase in revenue, while digital sales grew 68.9%. Despite challenges from supply chain disruptions, the company expects revenue growth of over 20% in 2022. Crocs also announced significant share repurchase plans totaling $1 billion for the fiscal year.

Management remains confident in future growth driven by brand strength and rising consumer demand.

Crocs, Inc. (NASDAQ: CROX) announced the hiring of Lori Foglia as Senior Vice President and Chief Product and Merchandising Officer, effective October 18, 2021. Foglia brings nearly 25 years of experience from Victoria's Secret and LBrands, where she led significant sales strategies. Crocs aims for a revenue goal of $5 billion by 2026, with a compound annual growth rate of over 17%. Additionally, Erik Olson has been promoted to Senior Vice President, Global Sourcing and Product Execution. This leadership change occurs as Crocs experiences unprecedented growth and sets a net-zero goal by 2030.

Crocs, Inc. (NASDAQ: CROX) has scheduled a conference call for October 21, 2021 at 8:30 a.m. ET to discuss its third quarter results ending on September 30, 2021. Interested parties can register for the call through the Crocs Investor Relations website. The live call will also be accessible for replay until October 21, 2022. Crocs emphasizes its commitment to comfort and style through its proprietary Croslite™ material, which is central to its innovative footwear offerings.

Crocs has launched Croctober 2021, a month-long celebration honoring its fans and the iconic Classics Collection. This year, the brand introduces digital and in-store activations that include a global partnership with Bitmoji, allowing users to customize avatars with a special collection of Crocs shoes and Jibbitz charms. The campaign highlights fan engagement through activities like Crocs Trivia and culminates on Croc Day (October 23) with an exclusive product reveal. Fans are encouraged to join the fun on social media using #Croctober21.

Crocs, Inc. (NASDAQ: CROX) announced its long-term growth strategy aiming for over $5 billion in revenue by 2026, driven by digital sales, market share in sandals, and growth in Asia. With a projected CAGR of over 17%, the company targets 26% operating margins and over $1 billion in annual free cash flow by 2026. The CEO highlighted the importance of sustainable practices, including introducing a new bio-based Croslite™ material and achieving net zero emissions by 2030. Additionally, Crocs plans to complete share repurchases totaling $1 billion in 2021.

Crocs, Inc. (CROX) announced progress towards its commitment for net zero emissions by 2030, introducing a bio-based Croslite™ material to reduce carbon footprints. Currently, Crocs shoes emit 3.94 kg CO2 per pair, with an ambitious target of cutting emissions by 50% by 2030. Partnering with Dow®, Crocs aims to create sustainable footwear using ECOLIBRIUM™ Technology, making it the first brand to utilize this method. Classic silhouettes will feature this new material starting in early 2022, further supporting Crocs' sustainability goals.