Crocs(US:CROX)2025-05-08 11:37Financial Performance - Crocs Inc Q1 2025 revenues reached $937 million, a 1% increase compared to the previous year[31] - Crocs brand revenues increased by 4% to $762 million, while HEYDUDE brand revenues decreased by 10% to $176 million[31] - Adjusted gross margin for Crocs Inc was 578%, a 180 basis points increase year-over-year[31] - Adjusted operating income was $223 million, a 12% decrease year-over-year, with an adjusted operating margin of 238%, a 330 basis points decrease[31] - Adjusted diluted EPS was $300[30] Brand Performance - Crocs brand direct-to-consumer revenue was $285 million, a 3% increase, and wholesale revenue was $477 million, a 5% increase[32] - Crocs brand international revenue grew by 12%, driven by China which was up over 30%[34] - HEYDUDE brand direct-to-consumer revenue was $65 million, an 8% increase, while wholesale revenue was $111 million, a 17% decrease[36] Strategic Decisions - The company repurchased $61 million in shares[5] - Due to macroeconomic uncertainties, the company withdrew its full-year 2025 financial outlook[6, 22] - The company has a buyback authorization of $13 billion[27]