Crocs(CROX)

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Crocs Q4: Post-Earnings 20% Rally Is Just The Beginning
Seeking Alpha· 2025-02-14 18:21
I recently joined The REIT Forum and if you are looking for more investment ideas like this one, get them exclusively at The REIT Forum with access to our subscriber only portfolios.While the stock has underperformed the S&P 500 during this period of time, it is up 24% onAmrita runs a boutique family office fund in beautiful Vancouver, where she leads the investment strategy for the family fund. The fund's objective is to invest capital in sustainable, growth-driven companies that maximize shareholder equit ...
Crocs Stock Up on Q4 Earnings Beat, DTC Revenues Grow 5.5% Y/Y
ZACKS· 2025-02-14 15:36
Crocs, Inc. (CROX) posted solid results for fourth-quarter 2024, wherein the bottom and top lines surpassed the Zacks Consensus Estimate. While revenues grew year over year, earnings dipped. Results gained from strength in the Crocs brand and outstanding international growth. With respect to the HEYDUDE brand, management has been making improvements to aid sustainable growth.Driven by solid results in the fourth quarter of 2024, Crocs’ shares jumped nearly 24% in the trading hours yesterday. In the past th ...
Levi & Korsinsky Reminds Crocs, Inc. Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of March 24, 2025 - CROX
Prnewswire· 2025-02-14 10:45
NEW YORK, Feb. 14, 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 ...
Crocs: Major Brand Risk Is Still Understandably Priced In
Seeking Alpha· 2025-02-14 05:18
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 ...
Crocs(CROX) - 2024 Q4 - Annual Report
2025-02-13 20:29
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 Rocks Wall Street's Socks Off
The Motley Fool· 2025-02-13 16:45
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 ...
Crocs(CROX) - 2024 Q4 - Earnings Call Transcript
2025-02-13 16:42
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]
Crocs(CROX) - 2024 Q4 - Earnings Call Presentation
2025-02-13 14:20
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 ...
Crocs (CROX) Q4 Earnings and Revenues Beat Estimates
ZACKS· 2025-02-13 14:15
Crocs (CROX) came out with quarterly earnings of $2.52 per share, beating the Zacks Consensus Estimate of $2.29 per share. This compares to earnings of $2.58 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 10.04%. A quarter ago, it was expected that this footwear company would post earnings of $3.13 per share when it actually produced earnings of $3.60, delivering a surprise of 15.02%.Over the last four quarters, the company h ...
Crocs(CROX) - 2024 Q4 - Annual Results
2025-02-13 12:01
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 ...