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 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.
Crocs, Inc. (NASDAQ: CROX) reported Q1 2022 revenues of $660.1 million, marking a 43.5% increase year-over-year. The growth was attributed to robust demand for the Crocs and HEYDUDE brands. Operating margin decreased to 18% from 27.1% due to higher costs, including air freight. The company raised its full-year revenue guidance to $3.5 billion, anticipating a 52%-55% growth compared to 2021. Adjusted diluted earnings per share are projected between $10.05 and $10.65. Crocs plans to invest $170-$200 million in capital expenditures to support growth.
Crocs, Inc. (NASDAQ: CROX) announced a conference call on May 5, 2022, at 8:30 a.m. ET to discuss its first quarter earnings results for the period ending March 31, 2022. Interested parties can register for the call through the Investor Relations section of Crocs' website, which will also provide a replay until May 5, 2023. Crocs operates in over 85 countries and is known for its innovative casual footwear.
Crocs, Inc. (NASDAQ: CROX) announced on March 9, 2022, the suspension of its direct-to-consumer operations in Russia, including e-commerce and retail, due to the ongoing war in Ukraine. The company is committed to supporting its employees in Russia who will continue to receive wages during this period. Crocs has also paused the import of goods into the country and donated to UNICEF to aid in humanitarian efforts for displaced families and children affected by the conflict.
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