Crocs Inc

CROX

Equity

ISIN US2270461096 / Valor 2404471

NASDAQ (2024-09-16)

USD 135.47+5.20%

Crocs Inc
UMushroom community rating:

4.50 4 votes No rating yet

NegativeNeutralPositive

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

Record Revenues

In the second quarter of 2024, Crocs Inc. reported record revenues of $1,112 million, marking a 4% increase compared to the same period last year. This growth was driven by strong performance in the Crocs brand, particularly in international markets.

EPS Growth

Crocs Inc. saw a significant increase in its diluted earnings per share (EPS) for Q2 2024, which rose by 11% to $3.77. Adjusted diluted EPS also saw a 12% increase, reaching $4.01, reflecting the company's strong operational performance.

Operating Margin

The company's operating margin for the second quarter of 2024 improved to 29.3%, up from the previous year's 29.0%. This improvement was attributed to better gross margins and effective cost management, despite an increase in selling, general, and administrative expenses.

Debt Repayment and Share Repurchase

During Q2 2024, Crocs Inc. repaid $200 million of debt and repurchased approximately 1.2 million shares for $175 million. The company still has $700 million of share repurchase authorization available for future repurchases, demonstrating strong cash flow and financial flexibility.

Full Year Outlook

Based on the strong performance in the second quarter, Crocs Inc. has raised its full-year 2024 earnings per share outlook. The company now expects adjusted diluted EPS to be in the range of $12.45 to $12.90, up from the previous guidance of $12.25 to $12.73, while maintaining its revenue growth guidance of 3% to 5% for the year.

Summarized from source with an LLMView Source

Key figures

54.0%1Y

-14.2%3Y

377%5Y

Performance

43.0%1Y

56.8%3Y

61.6%5Y

Volatility