Crocs
Revenues of nearly $4 billion grew over 11% underpinned by industry-leading operating margins and double-digit earnings per share growth.
Verified 25 Oct 2026 · occurred 15 Feb 2024
Detail
full year earnings: “Financial Outlook First Quarter 2024 With respect to the first quarter of 2024, we expect: • Revenues to be down 1.5% to up 0.5% compared to first quarter 2023 ◦ Crocs Brand to grow 6% to 8% compared to first quarter 2023 ◦ HEYDUDE Brand to contract 23% to 20% compared to first quarter 2023 • Adjusted operating margin of approximately 22% • Adjusted diluted earnings per share of $2.15 to $2.25 Full Year 2024 With respect to 2024, we continue to expect: • Revenue growth of 3% to 5% compared to 2023 at currency rates as of December 31, 2023 ◦ Revenues for the Crocs Brand to grow 4% to 6% ◦ Revenues for the HEYDUDE Brand flat to slightly up • Adjusted operating margin of approximately 25% 2 • Non-GAAP adjustments of approximately $10 million primarily related to HEYDUDE’s distribution and logistics project, impacting cost of goods sold • Combined GAAP tax rate of approximately 21.5% and Non-GAAP effective tax rate of approximately 18% • Adjusted diluted earnings per share of $12.05 to $12.50.”
- Type
- Earnings
- Category
- Financial
Sources
SEC filingas of · verified
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