Crocs Inc

CROX

Equity

ISIN US2270461096 / Valor 2404471

NASDAQ (2025-03-14)

USD 98.60-1.40%

Crocs Inc
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About company

Crocs, Inc., headquartered in Broomfield, Colorado, is a globally recognized company specializing in innovative casual footwear for women, men, and children. The company prides itself on a blend of comfort, style, and value, a formula that has resonated well with consumers worldwide. Crocs, Inc.'s portfolio includes its flagship Crocs brand, known for its distinctive clogs, as well as HEYDUDE, a brand that adds to the company's diverse footwear offerings. With a presence in more than 85 countries, Crocs leverages both wholesale and direct-to-consumer sales channels to reach its extensive customer base. The company operates with a significant global footprint, maintaining regional offices in Boston, Massachusetts, Hoofdorp, The Netherlands, and Singapore, and employs a workforce of over 6,000 individuals. This international operation ensures that Crocs' products, celebrated for their unique blend of comfort and style, are accessible on a global scale, from the streets of New York City to Shanghai and Berlin.

Summarized from source with an LLMView SourceSector: Consumer Cyclicals

Revenue Growth

In the third quarter of 2024, Crocs Inc. reported consolidated revenues of $1.06 billion, marking a 2% increase compared to the same period last year. This growth was driven by a strong performance in the Crocs brand, which saw an 8% increase in constant currency, fueled by balanced channel growth.

Earnings Per Share

Crocs Inc. achieved a 17% increase in diluted earnings per share (EPS) for the third quarter of 2024, reaching $3.36. The adjusted diluted EPS also saw an 11% rise, amounting to $3.60, reflecting the company's ability to deliver earnings growth through strategic investments and strong cash flow deployment.

Gross Margin Improvement

The company reported a significant improvement in its gross margin, which increased to 59.6% from 55.6% in the previous year. The adjusted gross margin also improved by 220 basis points, reaching 59.6% compared to 57.4%, highlighting Crocs Inc.'s effective cost management and pricing strategies.

HEYDUDE Brand Performance

Despite the overall positive results, the HEYDUDE brand experienced a decline in revenues, decreasing by 17.4% to $204 million in the third quarter of 2024. This performance was attributed to challenges in the current operating environment, prompting Crocs Inc. to adjust its full-year outlook for the brand.

Financial Outlook

Looking ahead, Crocs Inc. expects its fourth-quarter 2024 revenues to be flat to slightly up compared to the same period in 2023. The company anticipates a 2% growth in the Crocs brand, while the HEYDUDE brand is expected to decline by 4% to 6%. The adjusted operating margin for the fourth quarter is projected to be approximately 19.5%.

Summarized from source with an LLMView Source

Key figures

-21.7%1Y

45.9%3Y

410%5Y

Performance

46.7%1Y

56.2%3Y

62.1%5Y

Volatility