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Article Date: April 2023
Word Count: 520

Crocs Raises Guidance After Strong Start to 2023


Net income soared 106% to $149,543,000 in the first quarter from $72,760,000 on 34% higher revenue (+36% CC) of $880,166,000 up from $660,148,000, boosted by a full quarter of Heydude sales this year. DTC and wholesale both grew 34%. The results led Crocs to bump up its full-year revenue guidance to between 11% and 14% to the $3,945 to $4,045 million range, with Crocs sales guided 7% to 9% higher and Heydude sales up in the mid-20s. Adjusted earnings will come in between $11.17 and $11.73 per share. But Q2 revenues ... Log in to view full article.

 


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