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) delivers innovative casual footwear through its proprietary Croslite technology. This news hub provides investors and industry observers with essential updates about the company's operations, financial, and market developments.
Access official press releases and curated news coverage spanning product launches, financial results, strategic partnerships, and sustainability initiatives. Our comprehensive collection enables efficient tracking of Crocs' performance in the global footwear market.
Key updates include quarterly earnings disclosures, leadership changes, retail expansions, and material innovation breakthroughs. All content is verified for accuracy and updated regularly to serve as your primary resource for CROX-related developments.
Bookmark this page for streamlined access to Crocs' latest announcements. Combine this resource with SEC filings and market analysis for complete investment research.
Crocs, Inc. (NASDAQ: CROX) announced its participation in the UBS Global Consumer and Retail Virtual Conference scheduled for March 10, 2021, at 3:00 pm ET. The event will be accessible via a live broadcast on the company’s Investor Relations website, with a replay available for thirty days. Crocs is recognized for its innovative casual footwear, primarily made from Croslite™ material, which ensures comfort and style. Further details about Crocs and its Come As You Are™ campaign can be found on their website.
Crocs, Inc. (Nasdaq: CROX) announced a private offering of $300 million in senior notes due 2029, subject to market conditions. The company plans to use the net proceeds to repay up to $180 million in outstanding borrowings under its revolving credit facility, with the remainder allocated for general corporate purposes like working capital, capital expenditures, stock repurchases, and acquisitions. The offering is exempt from registration and will be made available to qualified institutional buyers and non-U.S. persons.
Crocs reported record financial results for Q4 and the full year 2020, with revenues reaching $1.4 billion, a 12.6% increase year-over-year. Q4 revenues surged to $411.5 million, marking a 56.5% growth, driven by a 92% rise in e-commerce sales. Adjusted diluted EPS for the year doubled to $3.22. The company emphasizes strong brand momentum and projected revenue growth of 20-25% in 2021. SG&A expenses as a percentage of revenue improved significantly. Crocs continues to invest in digital channels, China, and supply chain enhancements to sustain growth.
Crocs, Inc. (NASDAQ: CROX) has scheduled a conference call on February 23, 2021, at 8:30 a.m. ET to discuss its fourth quarter results for the period ended December 31, 2020. Interested investors can register for the call through the Investor Relations section of the Crocs website. The event will also be available for replay until February 23, 2022. Crocs continues to be a leader in innovative casual footwear, known for its comfort and style, primarily utilizing its proprietary Croslite™ material.
Crocs, Inc. (NASDAQ: CROX) has appointed Emma Minto as the new senior vice president and general manager for the Americas region. Minto, previously with Nike for 16 years, will bring extensive leadership experience to the role. The company is seeing significant growth, projecting a record revenue of approximately $1.38 billion for 2020 and aiming for a growth of 20% to 25% in 2021. Minto's strategic background aligns well with Crocs' ongoing momentum, making her a valuable addition to the team.
Crocs, Inc. (NASDAQ: CROX) announced an increase in its 2020 revenue guidance, projecting a record revenue between $1.381 and $1.384 billion. The company expects fourth quarter 2020 revenue to be between $407 and $410 million, marking a 55% increase. For 2021, Crocs anticipates revenue growth of 20% to 25%, driven by strong brand momentum. CEO Andrew Rees expressed confidence in achieving the highest revenue in the company's history amidst the pandemic.
Crocs, Inc. (NASDAQ: CROX), a leader in casual footwear, will present at the ICR 2021 Conference on January 11, 2021, at 9:30 am ET. The presentation can be accessed live via the investors.crocs.com website, with a replay available afterwards. Crocs is known for its innovative use of Croslite™ material, which enhances comfort. The company promotes self-expression through its Come As You Are™ campaign. For more details, visit www.crocs.com.
Crocs, Inc. (NASDAQ: CROX) has announced its fifth collaboration with Post Malone, unveiling the Post Malone x Crocs Duet Max Clog II available in pink and black. Each clog features a chunky outsole and adjustable straps, priced at $59.99, launching on December 8. Additionally, exclusive Jibbitz™ charm packs will be sold for $11.99. Crocs plans to surprise 5,000 fans globally with free pairs in cities including New York, Toronto, and Sydney, promoting comfort and joy during challenging times. This partnership continues to enhance Crocs' brand identity and consumer engagement.
Crocs, Inc. (NASDAQ: CROX), renowned for its innovative casual footwear, will present at the KeyBanc Virtual Softlines Spotlight Day on December 2, 2020, at 4:00 pm ET. Investors can register for the live broadcast on the Investor Relations section of the Crocs website. The company emphasizes comfort and style, with most products made from Croslite™ material. In 2020, Crocs launched the Come As You Are™ campaign to encourage self-expression and comfort.
On October 27, 2020, Crocs reported record third quarter revenue of $361.7 million, an increase of 15.7% year-over-year. Digital sales surged 35.5%, contributing to overall growth across all channels. Operating income rose 80.7% to $72.1 million, with operating margins expanding to 19.9%. The diluted earnings per share reached a record $0.91, up 78.4% from the previous year. Despite a 9.0% decline in Asia Pacific revenue, the overall financial outlook remains optimistic, projecting fourth quarter revenue growth of 20% to 30%.
