Preliminary fourth quarter sales show a 1% improvement over the prior year, coming in well ahead of the guided 1% to 4% decline, as the Crocs brand was up almost 10% and Heydude held its decline to 19% amidst its channel restructuring. Full-year sales should now hit record levels of about $3.95 billion, coming in ahead of guidance with 11% growth compared to ’22. Operating margin also beat the guide by coming in over 27%, putting a strong close on $665 million of debt paydown over the course of ’23.

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