Crocs, Inc. (NASDAQ: CROX ) manufactures and sells footwear through the Crocs and HEYDUDE brands. The prior brand focuses on the infamous comfortable plastic mold shoes, while HEYDUDE, acquired in early 2022, focuses on other types of footwear productI am an avid investor with a major focus on small cap companies with experience in investing in US, Canadian, and European markets. My investment philosophy to generating great returns on the stock market revolves around identifying mispriced securities by unde ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________________________________________________________________________________________________________________ FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 0-51 ...

Crocs soars after a blowout financial update.An investment in Crocs (CROX 18.10%) is starting to feel like a pair of its signature shoes: There may still be holes in the business model, but comfort is winning over polarizing fashion aesthetics. Shares of the resin-footwear maker jumped at the open on Thursday after the company posted better-than-expected results.The numbers may not seem great at first glance. Consolidated revenue rose a mere 3% -- or 4% on a currency-adjusted basis -- for the holiday quarte ...

Financial Data and Key Metrics Changes - For the full year of 2024, the company achieved total revenues of $4.1 billion, reflecting a 4% growth compared to the prior year [7] - Adjusted gross margins improved to 58.8%, a gain of 230 basis points year-over-year [7] - Adjusted diluted EPS increased by 9% to $13.17 [7][46] Business Line Data and Key Metrics Changes - Crocs Brand revenues reached $3.3 billion, growing 10%, with international sales up 19% and North America up 3% [8] - HEYDUDE revenues were $824 million, with a direct-to-consumer channel returning to growth in the fourth quarter [8][26] - The Crocs Brand's adjusted gross margin was 61.6%, up 140 basis points from the previous year, while HEYDUDE's adjusted gross margin was 48.1%, up 190 basis points [44][45] Market Data and Key Metrics Changes - North America revenues grew 3% to $1.8 billion, while international revenues increased by 19% to $1.4 billion [41][43] - China saw a remarkable growth of 64%, making it the second-largest market after the US, contributing 6% to total revenues [22][43] - The company ended the year with approximately 2,200 Crocs mono-brand doors globally [23] Company Strategy and Development Direction - The company focuses on four strategic pillars for the Crocs Brand: driving brand relevance, gaining market share outside of clogs, fueling disruptive marketing, and expanding globally [9] - For HEYDUDE, the strategy includes building a community, enhancing core products, and stabilizing North America while preparing for international growth [27] - The company plans to continue expanding its international footprint, particularly in growth markets like China, India, and Southeast Asia [24][25] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the product pipeline and marketing strategies to drive growth in North America despite a cautious consumer environment [68][69] - The company anticipates low double-digit growth in international markets over the medium term, with a focus on establishing clog relevance [25] - Management acknowledged the impact of tariffs and foreign exchange on gross margins but remains optimistic about long-term profitability [49][53] Other Important Information - The company generated $923 million in free cash flow, allowing for significant share repurchases and debt repayment [47][48] - The Board approved an upsized share repurchase authorization of $1.3 billion [48] - The company expects a $60 million currency headwind for 2025, impacting revenue growth [51] Q&A Session Summary Question: Insights on Crocs Brand in North America - Management highlighted confidence in product offerings and a strong pipeline for 2025, despite a cautious consumer environment [68][69] Question: SG&A Outlook - SG&A investments are focused on DTC, talent, and marketing, with a step-down in growth rates expected in the second half of 2025 [70][72] Question: Wholesale Sell-Through Trends - Management reported clean inventories and positive order books for 2025, with confidence in marketing strategies to drive consumer takeaway [80] Question: Share Repurchase and Debt Repayment Strategy - The company remains committed to its leverage target while balancing share repurchases and debt repayment [83] Question: Future Growth Opportunities for Crocs - Management indicated that international markets present the easiest growth opportunities, while North America will focus on new wearing occasions [90][92] Question: HEYDUDE Brand Engagement with Wholesale Partners - Management noted stable engagement with wholesale partners and ongoing efforts to clean up inventories [108]

Investor Presentation 2025 Forward Looking Statement This presentation includes estimates, projections, and statements relating to our business plans, commitments, objectives, and expected operating results that are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements include, but are not limited to, statements regardi ...

Core Viewpoint - Crocs reported quarterly earnings of $2.52 per share, exceeding the Zacks Consensus Estimate of $2.29 per share, but down from $2.58 per share a year ago, indicating a 10.04% earnings surprise [1] - The company achieved revenues of $989.77 million for the quarter, surpassing the Zacks Consensus Estimate by 3.09% and showing an increase from $960.1 million year-over-year [2] Financial Performance - Over the last four quarters, Crocs has consistently surpassed consensus EPS estimates [2] - The company has also topped consensus revenue estimates four times in the last four quarters [2] - The current consensus EPS estimate for the upcoming quarter is $2.72, with expected revenues of $925 million, and for the current fiscal year, the EPS estimate is $12.74 on revenues of $4.17 billion [7] Stock Performance and Outlook - Crocs shares have declined approximately 18.9% since the beginning of the year, contrasting with the S&P 500's gain of 2.9% [3] - The estimate revisions trend for Crocs is currently unfavorable, resulting in a Zacks Rank 4 (Sell), indicating expected underperformance in the near future [6] - The outlook for the industry, specifically the Textile - Apparel sector, is currently in the top 23% of Zacks industries, suggesting potential for better performance compared to lower-ranked industries [8]

Exhibit 99.1 PR Contact: Melissa Layton, Crocs, Inc. (303) 848-7885 mlayton@crocs.com Investor Contact: Erinn Murphy, Crocs, Inc. (303) 848-7005 emurphy@crocs.com Crocs, Inc. Reports Record 2024 Results with Annual Revenues of $4.1 Billion, Growing 4% Over 2023 BROOMFIELD, COLORADO — February 13, 2025 — Crocs, Inc. (NASDAQ: CROX), a world leader in innovative casual footwear for all, today announced its fourth quarter and full year 2024 financial results. "We delivered another record year for Crocs, Inc. hi ...

Core Points - The Gross Law Firm has issued a notice to shareholders of Crocs, Inc. regarding a class action lawsuit related to misleading statements and revenue growth concerns [1][2] - The class period for the lawsuit is from November 3, 2022, to October 28, 2024, during which significant allegations have been made against the company [1][2] - The allegations include that Crocs failed to disclose the unsustainable nature of HEYDUDE's revenue growth and the impact of destocking by retail partners on financial results [1] Summary by Categories Allegations - The complaint claims that Crocs issued materially false and misleading statements regarding the sustainability of HEYDUDE's revenue growth, which was largely driven by stocking third-party wholesalers post-acquisition [1] - It is alleged that as retail partners began to destock excess inventory, product demand decreased, negatively affecting Crocs' financial performance [1] - The representations made by the defendants about the company's business and prospects were deemed materially false and misleading [1] Class Action Details - Shareholders who purchased shares of CROX during the specified class period are encouraged to register for the class action, with a deadline set for March 24, 2025 [2] - Registered shareholders will receive updates through a portfolio monitoring software throughout the lifecycle of the case [2] - There is no cost or obligation for shareholders to participate in the case [2] Law Firm Information - The Gross Law Firm is recognized nationally for class action lawsuits and aims to protect investors from deceit and illegal business practices [3] - The firm is committed to ensuring companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements [3]

Core Insights - HEYDUDE launches a new global campaign titled "Unlike Anything" featuring NFL prospect Travis Hunter, aimed at celebrating individuality and self-expression [1][2][4] - The campaign highlights Hunter's unique style and confidence both on and off the football field, aligning with HEYDUDE's brand ethos [4][6] - The partnership with Hunter is expected to lead to further collaborations and product innovations under the "Unlike Anything" platform [6][7] Company Overview - HEYDUDE is a casual footwear brand known for its blend of individual style and lightweight comfort [1][8] - The brand is part of Crocs, Inc., which operates in over 80 countries and focuses on innovative casual footwear [8] Campaign Details - The "Unlike Anything" campaign will feature Hunter in various HEYDUDE Wally styles, showcasing his casual lifestyle activities such as fishing and gaming [5][6] - The campaign aims to engage consumers through coordinated social media efforts and in-store marketing, emphasizing the brand's commitment to innovation [6][7]

NEW YORK, Feb. 11, 2025 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Crocs, Inc. ("Crocs" or the "Company") (NASDAQ: CROX) of a class action securities lawsuit.CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Crocs investors who were adversely affected by alleged securities fraud between November 3, 2022 and October 28, 2024. Follow the link below to get more information and be contacted by a member of our team:https://zlk.com/pslra-1/crocs-inc-lawsuit-submission-form?prid=1 ...