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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.

Crocs Wins Patent Appeal In Federal Circuit

February 22, 2021 SGB Update

The Federal Circuit ruled in favor of Crocs in deciding not to revive U.S.A. Dawgs’ intellectual property dispute against Crocs.

Crocs Hires Former Nike Exec As General Manager Of The Americas

February 1, 2021 SGB Update

Crocs Inc. announced that Emma Minto was hired as senior vice president and general manager, overseeing operations for the brand’s Americas region. Minto formerly spent 16 years at Nike, most recently as vice president and general manager of Nike Women’s, North America.

Crocs Highlights Growth Drivers For 2021

January 11, 2021 SGB Executive

Crocs Inc. significantly lifted its 2020 revenue guidance after a robust holiday selling season and predicted growth would sharply accelerate in 2021. At a presentation Monday morning at the 2021 ICR Conference, Andrew Rees, CEO, highlighted sandals, personalization, digital, and China as key growth drivers.

Crocs Guides Accelerated 2021 Revenue Growth of 20 percent to 25 percent

January 11, 2021 SGB Today SGB Update

Crocs Inc. raised its 2020 revenue guidance and expects accelerated full year 2021 revenue growth of 20 percent to 25 percent.

Inside The Call: Crocs’ Revenue Growth Accelerates Amid WFH Living

October 27, 2020 SGB Executive

Crocs, clearly benefiting from an acceleration in casualization trends in the work-from-home economy, reported third-quarter sales jumped 15.7 percent to record levels and projected fourth-quarter revenues will expand between 20 and 30 percent. Said Andrew Rees, CEO, “We’re even more confident now than a year ago about Crocs brand strength and our long term growth potential.”

Crocs’ Q3 Earnings Jump 74 Percent

October 27, 2020 SGB Update

Crocs Inc.’s earnings jumped 73.5 percent in the third quarter on a 15.7 percent revenue gain and predicted fourth-quarter sales would expand between 20 and 30 percent.

Crocs Collaborates With Justin Bieber

October 8, 2020 SGB Today

Crocs announced a collaboration with singer Justin Bieber. The Crocs X Justin Bieber is inspired by Bieber’s Drew House label and features a take on the Classic Clog silhouette as well as eight custom Jibbitz charms. “As an artist, it’s important that my creations stay true to myself and my style. I wear Crocs all […]