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. (NASDAQ: CROX) has announced a conference call scheduled for Thursday, August 1, 2024, at 8:30 am ET to discuss the company's second quarter 2024 earnings results. The quarter ended on June 30, 2024. Interested parties can register for the call details through the Investor Relations section of the Crocs website at investors.crocs.com. A live webcast of the call will be available, and a replay will be accessible through August 1, 2025, on the same site.
Crocs released its 2023 Comfort Report, showcasing strides in sustainability, innovation, and community engagement. The report highlights the company's progress in three core areas: Comfort for the Planet, Comfort for Our Communities, and Comfort for All People.
In 2023, Crocs expanded its 'Old Crocs. New Life' takeback program, achieving a 6.1% carbon reduction for its Classic Clog since 2021. The company increased bio-circular content in Croslite™ to over 20%, a significant step towards its 2030 carbon reduction goal and 2040 Net Zero ambition.
Crocs also donated more than $12 million in funds and shoes, improved supply chain oversight, and enhanced inclusivity efforts. The company's strong financial performance in 2023 supports ongoing investments in innovation and sustainability while meeting customer expectations.
Lee has announced a summer collaboration with footwear brand HEYDUDE, featuring actor Chase Stokes of 'Outer Banks' fame. This collection blends Lee's workwear heritage with HEYDUDE's playful designs, offering a variety of men's, women's, and unisex apparel and shoes.
The seven-piece collection includes items like the Men's Wally Lee Shoe, Women's Wendy Lee Shoe, Carpenter Shorts, and unisex t-shirts and hats. Prices range from $25 to $75. The collection is available on Lee.com, Amazon.com, and HEYDUDE.com.
Crocs, Inc. (NASDAQ: CROX), a global leader in innovative casual footwear, will present at Baird's 2024 Global Consumer, Technology & Services Conference on June 6, 2024, at 8:30 AM ET. The live broadcast and subsequent replay will be available on Crocs' Investor Relations website. Headquartered in Broomfield, Colorado, Crocs offers brands including Crocs and HEYDUDE, with products sold in over 85 countries through various channels.
To access more information, the Investor Relations section of the Crocs website is available, and their PR and investor contacts are Erinn Murphy and Melissa Layton, respectively.
Crocs, Inc. (NASDAQ: CROX) expands its 'Old Crocs. New Life' shoe takeback program nationwide, offering fans a 10% discount when they bring used shoes to retail locations or use a mail-back option. The program aims to address environmental challenges by repurposing or donating old Crocs. The company partners with Soles4Souls for donations and focuses on sustainable practices.
Crocs, Inc. reported a 6% increase in first-quarter revenue, reaching a record $939 million, with diluted EPS up 5% to $2.50 and adjusted diluted EPS up 16% to $3.02. The fiscal year 2024 adjusted diluted earnings per share guidance was raised, driven by the strength of the Crocs brand. The company experienced growth in both North American and international markets, with significant improvements in gross margins. However, revenue expectations for the HEYDUDE brand were reduced for the year.
Crocs, Inc. has appointed Susan Healy as the Executive Vice President and Chief Financial Officer, effective June 3, succeeding Anne Mehlman. Healy brings over three decades of financial and operational leadership experience to the company, having served in various senior financial roles in reputed organizations. She will be responsible for financial planning, accounting, investor relations, tax, internal audit, and corporate development. Healy aims to drive profitable growth and deliver top-tier total shareholder returns for Crocs, Inc.
FAQ
What is the current stock price of Crocs (CROX)?
What is the market cap of Crocs (CROX)?
What is Crocs, Inc. known for?
Where is Crocs, Inc. headquartered?
What does the Crocs Retail Takeback Pilot Program aim to achieve?
How did Crocs perform financially in the third quarter of 2023?
What are the future growth projections for Crocs in 2024?
What are some of the key brands under Crocs, Inc.?
How many countries do Crocs products reach?
What are the main product categories offered by Crocs?
What material is used in Crocs footwear for its unique qualities?
How does Crocs, Inc. contribute to sustainability?
