Search Results for: crocs

Crocs, Inc. lifted its sales and earnings guidance for the year after witnessing a better-than-expected performance by the Crocs brand in the first quarter. However, the company’s shares are trading down about 16 percent in afternoon trading Thursday as investors appear still spooked by the sales slowdown expected for the rest of the year as well as lower-than-expected sales in the first quarter at HeyDude. (Read More)

Speaking at the UBS Global Consumer and Retail Conference, Andrew Rees, CEO of Crocs, Inc., said the company is "off to a great start" in 2023, driven by innovation and new product introductions from its Crocs and Hey Dude brands. (Read More)

Crocs, Inc’s results for the fourth quarter and year came in even better than a favorable pre-announcement issued in early January. On an analyst call, Andrew Rees, CEO, called out sandals and international as key growth drivers for the Crocs brand in the current year while also expecting Heydude to build on its ramped-up wholesale partner expansion in the U.S. (Read More)

In a session at the 2023 ICR Conference, Crocs Inc.’s CEO Andrew Rees said the return of significant new product introductions for both the Crocs and Hey Dude brands is expected to stimulate growth in 2023 after innovation efforts were challenged over the pandemic. (Read More)

Shares of Crocs, Inc. climbed $9.55, or 14.2 percent, to $76.60 on Thursday after the parent of Crocs and Heydude reported third-quarter results that handily exceeded Wall Street expectations while raising its outlook for the year. Andrew Rees, CEO, said on an analyst call, "“Consumer demand for both the Crocs and Heydude brands is exceptional." (Read More)

Speaking at the Piper Sandler Growth Frontiers Conference, Crocs, Inc., CEO Andrew Rees said that despite the company's recently reducing expectations for the current year due to macroeconomic conditions, it is still on the path to reaching revenue of $5 billion by 2026. (Read More)

Shares of Crocs, Inc. lost 11 percent of their value on Thursday after the cushy-shoe maker slightly lowered its sales and earnings guidance for the year. The company now expects sales for the Crocs brand to grow approximately 14 percent to 17 percent in 2022 or 10 percent to 13 percent on a currency-neutral basis. (Read More)

Crocs, Inc. raised its guidance for earnings and sales for the year as the Crocs brand's first-quarter results came in slightly ahead of guidance and Hey Dude’s came in well ahead with strong momentum behind the recently-acquired brand. Andrew Rees, CEO, told analysts, "While we have only owned Hey Dude for six weeks during the quarter, we are rapidly assimilating it into the company, and it's very clear that demand for the brand is exceptional." (Read More)