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) will present at Morgan Stanley's Global Consumer & Retail Conference on December 6, 2022, at 1:45 PM ET. Interested parties can access a live broadcast via the Investor Relations section of the Crocs website. A replay will be available post-conference. Crocs, known for its innovative casual footwear, operates in over 85 countries and markets brands including Crocs and HEYDUDE. For further inquiries, contact investor relations.
Crocs, Inc. reported robust third quarter 2022 results, achieving record revenue of $985.1 million, a 57.4% increase year-over-year. The Crocs Brand generated $715.7 million in revenue, reflecting 14.3% growth, while HEYDUDE Brand revenues surged 87% to $269.4 million. The adjusted operating margin was 27.9%, and diluted EPS rose to $2.97, up 20.2%. For 2022, the company revised revenue guidance to $3.455 to $3.520 billion. Notable challenges included lower gross margins due to inflationary pressures. Gross margins declined to 54.9%, impacted by rising costs.
Crocs, Inc. (NASDAQ: CROX) will host a conference call on November 3, 2022, at 8:30 a.m. ET to discuss its third-quarter earnings results for the period ending September 30, 2022. Investors can register for the call via the Investor Relations section of Crocs' website. The live call will also be available for replay until November 3, 2023. Crocs is known for its comfortable and stylish footwear, including its brands Crocs and HEYDUDE, sold in over 85 countries.
Crocs (NASDAQ: CROX) is celebrating its 20th anniversary during Croctober, starting October 1, 2022, with a global 'Free Pair For All' shoe giveaway. The brand aims to engage its fanbase through surprise giveaways, new product launches, and a special limited-edition release on Croc Day, October 23. Highlights include a unique Metaverse experience on Zepeto and Roblox, allowing fans to interact in innovative ways. This celebration acknowledges the support of its loyal fans while solidifying Crocs' position in the casual footwear market.
Crocs, Inc. (NASDAQ: CROX), a leader in innovative casual footwear, will present at Piper Sandler's Growth Frontiers Conference on September 13, 2022, at 10:30 AM ET. The event will be live-streamed via the investor relations section of Crocs' website, with a replay available for one year. Crocs offers stylish and comfortable footwear for all ages and is sold in over 85 countries through various channels.
Crocs reported impressive second quarter 2022 results with consolidated revenues of $964.6 million, up 50.5% year-over-year. The Crocs Brand achieved record quarterly revenues of $732.2 million (+14.3%) and HEYDUDE revenues surged by 96% to $232.4 million. Adjusted diluted EPS rose 45.3% to $3.24. Operating margins were strong, with an adjusted operating margin of 30.1%. The company forecasts full year revenues of $3.395 to $3.505 billion, reflecting significant growth expectations.
Crocs, Inc. (NASDAQ: CROX) will host a conference call on August 4, 2022, at 8:30 a.m. ET, to discuss its second quarter earnings results for the period ending June 30, 2022. Interested participants can register through the Investor Relations section of the Crocs website. The call will be available live and for replay until August 4, 2023. Crocs continues to be a leader in casual footwear, selling products in over 85 countries through various channels.
Crocs, Inc. (NASDAQ: CROX) has won a significant judgment against USA Dawgs and Double Diamond Distribution for patent infringement related to their imitation footwear. The court awarded Crocs $6 million and $55,000 in damages. This decision marks the end of a long-standing legal battle that began in 2006 and confirms the validity of Crocs' patent rights. Crocs has emphasized its commitment to protecting its intellectual property and brand integrity amidst ongoing legal efforts against other infringing companies.
Crocs, Inc. (NASDAQ: CROX), a leader in innovative casual footwear, will present at Baird's 2022 Global Consumer, Technology & Services Conference on June 8, 2022, at 12:50 PM ET. A live broadcast of the presentation will be available on the Investor Relations section of the Crocs website, with a replay accessible for one year post-conference. Crocs offers a range of stylish and comfortable footwear for all ages, sold in over 85 countries through various channels.
On May 6, 2022, Crocs (NASDAQ: CROX) announced the return of its Free Pair for Healthcare program alongside FIGS (NYSE: FIGS). To honor healthcare workers during National Nurses Week, the initiative will distribute 10,000 pairs of Crocs shoes and 10,000 FIGS scrubs. Since March 2020, Crocs has donated nearly 1 million pairs of shoes to healthcare professionals globally. Eligible healthcare workers can enter the drawing until May 12, 2022, for a chance to win these items. The initiative underscores Crocs' commitment to comfort and support for healthcare heroes.
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