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Article Date: May 2024
Word Count: 500

Crocs Outperforms, but Heydude Recovery will be Slow


Net income inched up 2% to $152,454,000 from $149,543,000 for the first quarter on 6% higher revenue of $938,633,000 against $884,166,000 as double-digit gains at the Crocs brand offset negative results from Heydude’s continuing inventory reset efforts. Crocs moved 32 million pairs, up 3%, with ASPs up 11% to $23.36. Heydude pairs dropped 21% to 7 million as it lapped pipeline sell-in and focused on full-price selling, seeing ASPs up 5% year-over-year and 10% sequentially to $27.68 on reduced online price-matching.

 

The Crocs brand posted a 15% increase to $743.8 million, with ... Log in to view full article.

 


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