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Article Date: February 2023
Word Count: 640

Crocs Boosted by Heydude, Sandal Rebound in Q4


Net income slipped 11% to $137,735,000 in the final quarter from $154,853,000 on revenue that was up 61% (+65% CC) to $945,162,000 over $586,626,000, including a $279 million contribution from Heydude. Digital sales, both DTC and online wholesale, were up 80%, accelerating from 41% in the prior year, penetrating at 45% of sales compared to 30% last year. Crocs sold 27 million pairs in the quarter, up 21%, with an ASP of $23.95, down 7% (+4% CC). International gains in ASP were pulled down by a slight decline in North America ... Log in to view full article.

 


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