Search Results for: crocs

EXEC: Crocs’ Shares Hit By Projected Top-Line Slowdown, HeyDude Shortfall

EXEC: Crocs’ Shares Hit By Projected Top-Line Slowdown, HeyDude Shortfall

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)

EXEC: Crocs CEO Details Top 2023 Growth Drivers Inside The Analyst Call

EXEC: Crocs CEO Details Top 2023 Growth Drivers Inside The Analyst Call

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)

EXEC: Crocs Shares Jump After Clog-Maker Lifts Full-Year Guidance

EXEC: Crocs Shares Jump After Clog-Maker Lifts Full-Year Guidance

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)

EXEC: Crocs Hikes Guidance On Hey Dude’s Outperformance

EXEC: Crocs Hikes Guidance On Hey Dude’s Outperformance

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)

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