Financial Position - As of December 31, 2023, the company had borrowings with a face value of $1,713.3 million, down from $2,379.3 million in 2022[277]. - A hypothetical 1% increase in interest rates would raise interest expenses by $10.1 million over the next twelve months[278]. - An increase of 1% in the value of the USD relative to foreign currencies would have decreased revenues by approximately $13.8 million for the year ended December 31, 2023[280]. Production and Sourcing - Approximately 56% of Crocs Brand production was in Vietnam for the year ended December 31, 2023, with the largest manufacturer producing 47% of total production[61]. - For the HEYDUDE Brand, approximately 83% of production was in China for the year ended December 31, 2023[61]. - The company has a flexible, globally-diversified sourcing strategy to mitigate concentration risks in manufacturing[59]. Warehousing and Distribution - The company operated warehouses and distribution facilities provided 3.4 million square feet of space, with third-party facilities adding another 0.9 million square feet[60]. Research and Development - The company continues to invest in research and development to enhance the properties of its proprietary Croslite™ material and reduce environmental impact[55]. Intellectual Property and Risk Management - The company actively protects its intellectual property, including trademarks and patents, to maintain competitive advantages in the market[62]. - The company utilizes forward contracts to manage foreign currency exchange risks, with a notional value of approximately $185.0 million as of December 31, 2023[281].

In the past few years, there’s no doubt that the technology industry has been booming. In 2022, the IT services market size was estimated to be $1.22 trillion and expected to continue growing at a CAGR of 9.7% from 2023 to 2030. This tremendous growth can largely be attributed to the demand for generative artificial intelligence and a rising emphasis on innovation and automation. Yet, this industry has often overshadowed other sectors, taking front stage in many news articles.Whether that be hidden retail c ...

The retail sector is a dynamic component of the economy. It encompasses businesses selling goods and services directly to consumers. This sector includes a wide range of outlets, from brick-and-mortar stores to online platforms. Retail stocks represent these companies in the financial market. They are popular among investors seeking diversity and growth.Investing in retail stocks offers the potential for significant returns. This is especially true for companies that adapt to changing consumer behaviors. Ho ...

Crocs, Inc. (CROX) is scheduled to release fourth-quarter 2023 results on Feb 15, before market open. This leading footwear brand company is expected to have witnessed year-over-year revenue growth in the to-be-reported quarter. The Zacks Consensus Estimate for revenues is pegged at $958.3 million, suggesting a rise of 1.4% from the prior-year reported figure.The consensus estimate for fourth-quarter earnings per share has moved up 5.3% in the past 30 days to $2.37. The consensus estimate suggests a decline ...

Crocs (CROX) has struggled to maintain any upward consistency on the charts during the past year, finally clawing its way above breakeven for the first month of 2024, but still sporting a 17% 12-month deficit. The equity was last seen trading 0.9% higher at $99.85, putting pressure on the resistant $100 mark overhead. History may be on CROX’s side, however, with a bull signal now flashing.The footwear maker has come within one standard deviation of its 80-day moving average, after a lengthy period above the ...

Natal-is Having just seen their CEO retire, Crocs, Inc. (NASDAQ: CROX) is built around their namesake, the Croslite resin-based casual footwear. The company acknowledges the risk for older shoemakers to fall out of fashion and start struggling, but recent analysts' estimates show that they are continuing to make strong sales, and should continue to use their high margin business model to ensure high profitability. Describing themselves as a “casual lifestyle footwear and accessories” company, Crocs has ...

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Crocs (CROX) , which belongs to the Zacks Textile - Apparel industry.This footwear company has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 12.82%.For the most recent quarter, Crocs was expected to post earnings of $3.09 per share, ...

Crocs (CROX) closed the latest trading day at $100.81, indicating a -0.66% change from the previous session's end. The stock's change was less than the S&P 500's daily gain of 1.25%. Meanwhile, the Dow gained 0.97%, and the Nasdaq, a tech-heavy index, added 1.3%.Shares of the footwear company witnessed a gain of 14.42% over the previous month, beating the performance of the Consumer Discretionary sector with its gain of 0.91% and the S&P 500's gain of 1.58%.The investment community will be closely monitorin ...

BROOMFIELD, Colo., Feb. 1, 2024 /PRNewswire/ -- Crocs, Inc. (NASDAQ: CROX) announced today that on Thursday, February 15, 2023, at 8:30 am ET, it will host a conference call to discuss the results of its fourth quarter ended December 31, 2023. To receive conference call details, please register at the Investor Relations section of the Crocs website, investors.crocs.com. The webcast will also be available live and on replay through February 15, 2025 at this site. About Crocs, Inc.:  Crocs, Inc. (Nasdaq: CROX ...

Marc Dufresne/iStock Unreleased via Getty Images Investment thesis As a consumer who appreciates the durability and comfort offered by Crocs (NASDAQ:CROX) clogs at a reasonable price, my enthusiasm extends beyond the product to the stock's investment potential. The company demonstrates substantial pricing power, leading to a remarkable twofold increase in operating margin from pre-pandemic levels, even amid the unprecedented inflation of 2021 and 2022. While North American revenue growth is slowing, Cro ...