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Crocs, Inc. - CROX STOCK NEWS

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.

News

Two of Kellogg's Iconic Mascots, Tony the Tiger® and Toucan Sam®, Just Dropped Their Very Own, Limited-Edition Crocs™

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Crocs™ partners with a legendary duo for an exclusive shoe drop featuring cereal boxes and Jibbitz™ charms. The collaboration aims to attract a wider audience and boost sales through unique offerings.
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Crocs, Inc. Delivers Record Fourth Quarter and Full Year 2023 Revenue and EPS

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Crocs, Inc. reports strong fourth quarter and full year 2023 financial results with record revenues of nearly $4 billion. The company achieved revenue growth of 11.5% in 2023, with a gross margin increase to 55.8%. Crocs Brand revenues grew 13.3%, while HEYDUDE Brand revenues increased by 6.0%. Adjusted diluted earnings per share for the fourth quarter were $2.58, and for the full year, they were $12.03. The company expects revenue growth of 3% to 5% in 2024, with adjusted diluted earnings per share guidance of $12.05 to $12.50.
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Crocs, Inc. Announces Conference Call to Review Fourth Quarter 2023 Earnings Results

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Crocs, Inc. (NASDAQ: CROX) will host a conference call on February 15, 2023, to discuss its fourth-quarter results. The webcast will be available live and on replay through February 15, 2025, at investors.crocs.com.
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Crocs, Inc. Appoints EVP and CFO Anne Mehlman to EVP & President of Crocs Brand; Announces Planned Retirement of EVP & President Michelle Poole

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Crocs, Inc. announced the retirement of Michelle Poole, EVP & President of the Crocs Brand, after a 32-year career. Anne Mehlman, the current EVP & Chief Financial Officer, will be promoted to EVP & President of the Crocs Brand. The company is also searching for a new Chief Financial Officer. The company is maintaining its preliminary 2024 outlook and will report fiscal 2023 fourth-quarter and full-year results on February 15, 2024.
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Crocs, Inc. Expects Record Annual Revenues of ~$3.95B, Up Over 11% Year-Over-Year

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Crocs, Inc. (NASDAQ: CROX) expects to exceed full-year operating margin target and anticipates 2024 enterprise revenue growth of 3-5%. The company announced record 2023 revenues of approximately $3.95 billion, representing over 11% growth compared to 2022. The fourth-quarter revenue is expected to exceed former guidance, and the full-year 2023 revenues are expected to grow over 11% compared to 2022, with a non-GAAP operating margin in excess of 27%. The company plans to reinvest margins into brand accretive and strategic investments for 2024.
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Crocs, Inc. to Present at the 2024 ICR Conference

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Crocs, Inc. (NASDAQ: CROX) to present at 2024 ICR Conference on January 8, 2024 at 9:00am ET. The presentation will be available for live broadcast and replay on the Investor Relations section of the Crocs website.
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Crocs, Inc. Appoints Industry Leaders John Replogle and Neeraj Tolmare to Board of Directors

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Crocs, Inc. (NASDAQ: CROX) appoints John Replogle and Neeraj Tolmare to its board of directors, bringing extensive brand building and technology expertise to the company.
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Crocs, Inc. Reports Quarterly Revenues of Over $1 Billion, Up 6% Over Last Year

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Crocs, Inc. reports strong third quarter 2023 financial results, with consolidated revenues of $1,045.7 million, an increase of 6.2% from the same period last year. Crocs Brand revenues grew 11.6% to $798.8 million, fueled by Asia revenue growth of 26.5% and North America direct-to-consumer comparable sales growth of 10.2%. Diluted EPS increased 5.5% to $2.87, and adjusted diluted EPS increased 9.4% to $3.25. The company repurchased approximately 1.4 million shares for $150.0 million during the quarter.
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Crocs Fans Invited to 'Give Old Crocs New Life' with Launch of Retail Takeback Pilot Program

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Crocs launches Retail Takeback Pilot Program to address fashion waste and extend the use of old shoes. Consumers can bring their old Crocs shoes to select stores in 10 states. Gently used shoes will be donated to Soles4Souls, while unwearable ones will be repurposed. The program aims to reduce waste and help people in need.
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Crocs, Inc. Announces Conference Call to Review Third Quarter 2023 Earnings Results

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Crocs to host conference call to discuss Q3 2023 results
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FAQ

What is the current stock price of Crocs (CROX)?

The current stock price of Crocs (CROX) is $97.78 as of November 15, 2024.

What is the market cap of Crocs (CROX)?

The market cap of Crocs (CROX) is approximately 5.7B.

What is Crocs, Inc. known for?

Crocs, Inc. is renowned for its innovative casual footwear featuring Croslite™ material, which makes its shoes soft, comfortable, lightweight, non-marking, and odor-resistant.

Where is Crocs, Inc. headquartered?

Crocs, Inc. is headquartered in Broomfield, Colorado.

What does the Crocs Retail Takeback Pilot Program aim to achieve?

The Crocs Retail Takeback Pilot Program aims to promote sustainability and circularity by encouraging consumers to recycle their old Crocs shoes at designated retail stores.

How did Crocs perform financially in the third quarter of 2023?

In the third quarter of 2023, Crocs reported strong financial performance with double-digit revenue growth and leading operating margins.

What are the future growth projections for Crocs in 2024?

Crocs expects revenue growth of 3% to 5% in 2024 compared to 2023 and plans to reinvest in strategic areas to sustain long-term growth.

What are some of the key brands under Crocs, Inc.?

Key brands under Crocs, Inc. include Crocs and HEYDUDE.

How many countries do Crocs products reach?

Crocs products are sold in more than 90 countries worldwide.

What are the main product categories offered by Crocs?

Crocs offers a wide range of products, including clogs, sneakers, sandals, boots, and heels.

What material is used in Crocs footwear for its unique qualities?

Crocs footwear features Croslite™ material, known for being soft, comfortable, lightweight, non-marking, and odor-resistant.

How does Crocs, Inc. contribute to sustainability?

Crocs contributes to sustainability through initiatives like the Retail Takeback Pilot Program, encouraging shoe recycling and partnering with organizations to repurpose old shoes.

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Crocs, Inc.

Nasdaq:CROX

CROX Rankings

#1199 Ranked by Market Cap
N/A Ranked by Dividends

CROX Stock Data

5.70B
58.28M
2.9%
97.5%
7.02%
Footwear & Accessories
Rubber & Plastics Footwear
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United States of America
BROOMFIELD