Results for "crocs"

Chris Walsh has passed away at the young age of 61. Chris was the VP of National Accounts at Reebok for many years after running the footwear business in the Reebok Southeast region.

The parent of the Crocs and HeyDude brands now expects record 2023 revenues of approximately $3.95 billion, which would represent over 11 percent growth compared to 2023, with the Crocs brand exceeding $3 billion.

Crocs, Inc. appointed John Replogle and Neeraj Tolmare to its board of directors, effective January 1, 2024. The footwear maker said the appointees “bring new skill sets and extensive brand-building experience in consumer-facing businesses to the Crocs board.”

Crocs, Inc. scraped its earnings and sales guidance for the year due to the continued underperformance of its recently-acquired HeyDude brand. On an analyst call, Andrew Rees, Crocs’ CEO, admitted HeyDude has faced “several growing pains this past year” due to a mix of internal missteps and external pressures and forecasted the brand’s wholesale revenues in North America would remain negative through Q224.

S&P Global Ratings today assigned its ‘BB’ issue-level rating to Crocs Inc.’s new $1.18 billion term loan due 2029.

She joins Crocs, Inc. from investment bank Piper Sandler. Crocs said she has nearly 20 years of “deep experience” in the financial industry and a “proven track record” of top research performance.

Crocs, Inc. announced a repricing of the $1.18 billion outstanding under its Term Loan B facility through a refinancing amendment which reduces the interest rate margins applicable to the facility.

The arrows were all pointing in the right direction until company management mentioned on a conference call with analysts that they were reducing the back half and full-year revenue expectations for the HeyDude brand.