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Article Date: July 2023
Word Count: 534

Crocs’ Core Sales Outperform, but Heydude Slows


Net income jumped 32% to $212,412,000 over $160,315,000 in the second quarter on revenue that was up 11% to $1,072,0367,000 from $964,581,000, including a 14% improvement from the core brand, but just 3% growth from Heydude. CROX adjusted its guidance to reflect the changing trend, now expecting 12.5% to 14.5% full year revenue growth, but with 12% to 13% gains from Crocs and Heydude is up 14% to 18% on a reported basis, or 3.5% to 7.5% pro forma. Prior guidance called for 7% to 9% growth from Crocs and mid-20s ... Log in to view full article.

 


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