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Crocs Announces Commencement Of Offering Of $350 Million Senior Notes

August 5, 2021 SGB Update

Crocs Inc. announced the commencement of a $350 million offering of senior notes due 2031 in a private offering.

Inside The Call: Crocs Finds Surging Demand Offsets Supply Chain Disruptions In Q2

July 22, 2021 SGB Executive

Crocs Inc. significantly hiked its guidance for the year as robust demand across its clogs, sandals and Jibbitz segments easily offset logistics challenges in part tied to temporary factory closures due to spikes in COVID-19 cases.

Crocs’ Q2 Revenues Surge 93 Percent

July 22, 2021 SGB Update

Crocs Inc. reported earnings improved significantly in the second quarter as revenues grew 93 percent and 88 percent on a currency-neutral basis. The company raised its sales growth outlook for the year to 60 to 65 percent, up from 40 to 50 percent previously.

Crocs Announces Commitment To Become A Net Zero Company By 2030

July 21, 2021 SGB Update

Crocs Inc. announced a commitment to becoming a net-zero company by 2030 with a strategic focus on sustainable ingredients and packaging.

Crocs Files Infringement Suits Against 21 Defendants In U.S. District Court

July 13, 2021 SGB Update

Crocs Inc. announced that it has filed lawsuits against 21 companies alleging infringements of its registered trademarks.

Crocs Sees Heightened Relevance Sustaining Strong Momentum

June 14, 2021 SGB Executive

At Baird’s 2021 Global Consumer, Technology & Services Conference, Andrew Rees, CEO, Crocs, said steps to continue to increase its relevance in the marketplace and the brand’s democratic positioning are expected to help the business continue to build on its recent blockbuster gains in 2021.

Crocs Appoints Former J.Crew President To Board

June 10, 2021 SGB Update

Crocs Inc. announced that Tracy Gardner, former president of J.Crew, has been appointed to its Board of Directors effective June 9.

Crocs Files Complaint Over Trademark-Infringing Products

June 8, 2021 SGB Update

Crocs Inc. has filed a complaint with the United States International Trade Commission (ITC) seeking an investigation of unlawfully imported shoes into the United States in violation of its registered trademarks.

Inside The Call: Crocs Hikes Outlook As Momentum Accelerates In 2021

April 27, 2021 SGB Executive

Crocs Inc. reported sales jumped 64 percent in the first quarter and said it now expects sales for 2021 to climb about 45 percent for the year. The comfy shoe brand has clearly benefited from the comfort footwear trend in the stay-at-home economy but it’s also increasingly being seen as a fashion statement.

Crocs’ Q1 Revenues Vault 64 Percent

April 27, 2021 SGB Update

Crocs, Inc. reported sales catapulted 64 percent in the first quarter and said it now expects sales for 2021 to climb between 40 percent and 50 percent. Earnings in the first quarter increased over six-fold.

Crocs Appoints Chief Marketing Officer

April 1, 2021 SGB Update

Crocs promoted Heidi Cooley, most recently head of global marketing for the brand, to SVP and chief marketing officer.

Crocs Announces Pricing Of $350 Million Senior Notes

March 10, 2021 SGB Update

Crocs Inc. announced the pricing of its previously announced $350 million offering of 4.250 percent senior notes due 2029 in a private offering, which represents an upsize of $50 million.

Crocs To Offer $300 Million Of 8-year Bonds

March 8, 2021 SGB Update

Crocs Inc. said Monday it has launched an offering of $300 million of 8-year bonds, with proceeds to be used to repay up to $180 million of a revolving credit facility and for general corporate purposes.

Inside The Call: Crocs Smashes Wall Street Earnings Targets

February 23, 2021 SGB Executive

Crocs Inc. recorded its highest revenue and adjusted operating profit of any quarter in the company’s history as sales in the fourth quarter ran up 56.5 percent. The growth was led by the Americas and EMEA regions with digital seeing the fastest growth among channels. Sales growth is projected in the range of 40-to-50 percent for the first quarter and 20-to-25 percent for 2021.

Crocs’ Q4 Revenues Jump 57 Percent

February 23, 2021 SGB Update

Crocs Inc. reported a significant hike in earnings in the fourth quarter as sales jumped 56.5 percent. The footwear manufacturer also forecasted first-quarter growth in the range of 40 percent to 50 percent.