Net income declined by half to $160,315,000 from $318,954,000 in Q2, while revenues jumped 51% to $964,581,000 from $640,773,000 on the addition of Heydude combined with 14% core brand growth from the clogmaker. China Covid lockdowns and the exit from Russia brought sales down about 3%. E-commerce, including marketplaces and e-tailers, accounted for 36% of sales, with Crocs’s digital growing 17% to a 37% penetration of DTC compared to Heydude at 32% penetration.

Crocs brand sales were up 14% to $732.2 million, including a 28% jump in wholesale to $392.5 million and ... Log in to view full article.