Welcome to our dedicated page for Crocs news (Ticker: CROX), a resource for investors and traders seeking the latest updates and insights on Crocs stock.
Crocs, Inc. (NASDAQ: CROX), headquartered in Broomfield, Colorado, is a global leader in innovative casual footwear for all, combining comfort and style with an unparalleled value that consumers appreciate. Since its inception in 2002, Crocs has distinguished itself through its proprietary Croslite™ material, which makes its shoes soft, comfortable, lightweight, non-marking, and odor-resistant. This revolutionary technology is a hallmark of the brand's 300+ four-season footwear styles, ranging from the iconic clog to new sneakers, sandals, boots, and heels.
With annual revenues exceeding $1 billion, Crocs operates in diverse markets, including the Americas, Asia Pacific, and EMEA (Europe, Middle East, and Africa). The company has sold over 200 million pairs of shoes across more than 90 countries, making it a household name in the casual footwear industry.
Crocs is not just about footwear; it's about innovation and sustainability. The company recently launched a Retail Takeback Pilot Program to promote circularity by encouraging consumers to recycle their old Crocs shoes at designated retail stores. This program aligns with Crocs' commitment to environmental and social responsibility, partnering with organizations like Soles4Souls to give new life to donated shoes.
Financially, Crocs continues to perform robustly. For the third quarter of 2023, the company reported double-digit revenue growth, supported by strong full-price sales and industry-leading operating margins. The recent acquisition of the HEYDUDE brand further diversifies Crocs' product portfolio, contributing to its strong market presence.
Looking ahead, Crocs has shared optimistic projections for 2024, expecting revenue growth of 3% to 5% compared to 2023. The company also plans strategic reinvestments to sustain long-term growth and maintain its position as a leader in the casual footwear market. With a strong balance sheet, ongoing share repurchase programs, and a focus on innovation, Crocs is well-positioned for continued success.
Crocs Inc. (CROX) reported record financial results for 2024, with annual revenues reaching $4.1 billion, a 4% increase from 2023. The company achieved a 24% increase in diluted EPS to $15.88 and adjusted diluted EPS growth of 9% to $13.17.
Key highlights include exceptional operating cash flow of $990 million, enabling $550 million in share repurchases and $320 million in debt reduction. The Crocs Brand grew 8.8% to $3.28 billion, while HEYDUDE Brand revenues decreased 13.2% to $824 million.
For 2025, Crocs expects revenue growth of 2-2.5%, with the Crocs Brand projected to grow 4.5% while HEYDUDE Brand is expected to decline 7-9%. The company announced a $1 billion increase to its share repurchase authorization, bringing the total available to approximately $1.3 billion.
HEYDUDE, a Crocs (NASDAQ: CROX) brand, announces the launch of its new global campaign 'Unlike Anything' featuring Heisman Trophy winner Travis Hunter. The campaign marks Hunter's role as HEYDUDE's first-ever NFL prospect partner, showcasing the brand's casual footwear that combines individual style with lightweight comfort.
The campaign will highlight Hunter in various HEYDUDE Wally styles, including the Wally Stretch Sox and Wally Slipper, capturing his off-field activities such as fishing and gaming. The partnership includes new Wally product launches, coordinated social media efforts, and comprehensive marketing initiatives across digital and retail platforms.
Paul Nugent, CMO of HEYDUDE, emphasizes that this campaign represents a significant milestone for the brand, celebrating their community and unique positioning in the casual footwear market. The partnership with Hunter is described as the first of many under the 'Unlike Anything' platform.
Crocs (NASDAQ: CROX) has announced it will host a conference call on Thursday, February 13, 2025, at 8:30 am ET to discuss its fourth quarter and full year 2024 financial results. Investors can access the conference call details by registering through the Investor Relations section of the Crocs website at investors.crocs.com. The webcast will be available live and accessible for replay until February 13, 2026.
Crocs Inc. reported Q3 2024 financial results with revenues increasing 1.6% to $1.06 billion. The Crocs Brand grew 7.4% to $858 million, while HEYDUDE Brand declined 17.4% to $204 million. Diluted EPS increased 17.1% to $3.36, and adjusted diluted EPS rose 10.8% to $3.60. Gross margin improved to 59.6% from 55.6%. The company adjusted its full-year 2024 outlook, now expecting revenue growth of approximately 3%, with Crocs Brand growing 8% but HEYDUDE Brand declining 14.5%. Adjusted diluted EPS guidance is set at $12.82 to $12.90.
BARK (NYSE: BARK) has partnered with Crocs (NASDAQ: CROX) to launch Pet Crocs, a -edition line of dog shoes matching human Crocs styles. The collection features glow-in-the-dark marbled Green Slime and Pink Dragon Fruit designs, made from breathable EVA foam with adjustable straps and grippy treads. Available in three sizes for dogs weighing 15-80 lbs, Pet Crocs can be obtained through BarkBox and Super Chewer subscriptions or purchased directly from Crocs.com and select retail stores.
Crocs, Inc. (NASDAQ: CROX) has announced it will host a conference call on Tuesday, October 29, 2024, at 8:30 am ET to discuss the results of its third quarter ended September 30, 2024. Interested parties can register for the call details at the Investor Relations section of the Crocs website, investors.crocs.com. The company will also provide a live webcast of the call, which will be available for replay through October 29, 2025 on the same site.
Crocs (NASDAQ: CROX) is celebrating Croctober with fan-inspired creations. The brand is launching Pet Crocs, designed in partnership with BARK, alongside matching Classic Lined Clogs for humans. These will be available globally on Croc Day, October 23, in two glow-in-the-dark colorways: Green Slime and Pink Dragon Fruit.
Additionally, Crocs is releasing a life-sized Crocs Costume resembling the iconic Classic Clog, complete with Jibbitz™ charms and available in left and right versions. This costume allows fans to become a living Crocs shoe, with arm openings in place of ventilation holes.
Anne Mehlman, Brand President of Crocs, emphasized the brand's commitment to celebrating fan creativity. Crocs is encouraging fans to share their Croctober experiences on social media using the hashtag #Croctober.
HEYDUDE announces a global partnership with singer-songwriter Jelly Roll, launching a -edition shoe design. The collaboration coincides with Jelly Roll's upcoming album 'Beautifully Broken', set for release on October 11th. The partnership aims to encourage self-acceptance and inspire positive change, aligning with HEYDUDE's 'movement of Dudes' initiative.
Key points:
- -edition HEYDUDE x Jelly Roll shoe available for $79.99
- Each purchase includes a vinyl copy of 'Beautifully Broken' album
- Partnership includes collaboration with Big Brothers Big Sisters mentoring organization
- Future plans involve new product releases and coordinated marketing efforts
The collaboration emphasizes HEYDUDE's focus on comfort and lightweight materials, while expanding its product portfolio beyond classic styles.
Jazwares and Crocs have partnered to launch a Squishmallows x Crocs collection, featuring three vibrant designs of Crocs footwear and Jibbitz charms inspired by the popular plush toys. The -edition collection includes the Caedia Classic Clog, Cam Cozzzy Sandal, and Squishmallows Multi Clog, available in full family sizing. An exclusive Jibbitz charm 5-pack is also part of the lineup.
The collaboration aims to combine Squishmallows' colorful personality with Crocs' comfortable styling, offering fans a new way to showcase their love for the brand. The collection is now available at Crocs retailers and on Crocs.com. This partnership marks a significant expansion for the Squishmallows brand, diversifying its product offerings and appealing to consumers of all ages.
Crocs (NASDAQ: CROX) has launched the Keep It Going Classic Clog, featuring 25% post-consumer recycled content from shoes collected through their 'Old Crocs. New Life' takeback program. This -edition clog, priced the same as the Classic Clog, showcases Crocs' commitment to circularity and sustainability. The brand recently achieved 25% bio-circular content across its entire Croslite material portfolio.
The new clog's Moon Dust color includes visible specs of recycled material, making each pair unique. Crocs continues to focus on reducing waste in manufacturing, distribution, and end-of-life processes to promote a more circular economy in footwear. The 'Old Crocs. New Life' program also donates gently used shoes to Soles4Souls, supporting communities worldwide.
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