Crocs growth is picking up and it's time to pay attention.Crocs (CROX -0.78%) may not be the most popular shoe on Wall Street, but the stock is making investors pay attention with strong growth and a very reasonable valuation. In this video, Travis Hoium covers the company's recent quarterly results.*Stock prices used were end-of-day prices of May 7, 2024. The video was published on May 8, 2024. ...

Crocs (CROX)  stock has highlighted this week’s earnings lineup after crushing Q1 earnings expectations on Tuesday. The footwear and apparel leader has seen its stock soar over +40% this year to impressively outpace the broader indexes and many noteworthy peers such as Guess (GES)  and Ralph Lauren (RL) .That said, let’s see if it's still worth holding or buying Crocs stock after the company’s impressive Q1 results.Image Source: Zacks Investment ResearchStrong Q1 ResultsCrocs brand growth remains compelling ...

Crocs is beating the market after back-to-back blowout quarters in 2024.One of this week's early winners is Crocs (CROX -0.66%). The maker of footwear that's easier on the feet than it is on the eyes jumped 8% higher on Tuesday after posting better-than-expected results for the first quarter.It seems Crocs doesn't get the respect it deserves as an investment. Its distinctive yet fashionably polarizing clogs are often the butt of a joke, but its investors seem to be laughing all the way to the bank. The stoc ...

Key TakeawaysCrocs posted record revenue for the first quarter and raised its guidance on soaring demand for its eponymous shoe brand.Crocs brand sales rose 14.6% in the latest quarter, but they slid 17.2% for the company's Heydude brand.Crocs raised its 2024 outlook for earnings per share, while lowering its expectations for Heydude brand revenue. Crocs (CROX) shares gained more than 7% Tuesday as the footwear maker posted record sales and boosted its guidance on “robust consumer demand" for its eponymous ...

Crocs, Inc. (CROX) posted solid results for first-quarter 2024, wherein the top and bottom lines surpassed the Zacks Consensus Estimate and grew year over year. Its adjusted earnings of $3.02 per share beat the consensus estimate of $2.22 and rose 15.7% year over year.We note that this Zacks Rank #3 (Hold) company has gained 19.3% in the past three months compared with the industry’s 8.1% growth.Q1 in DetailRevenues rose 6.2% year over year to $938.6 million and beat the Zacks Consensus Estimate of $883 mil ...

About this content About Oliver Haill Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He joined Proactive after a couple of years freelancing, where he worked for the Financial Times Group, ITV, Press Association, Reuters sports desk, the London Olympic News Service, Rugby World Cup ...

Table of Contents ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to 500 Eldorado Blvd., Building 5, Broomfield, Colorado 80021 (Address, including zip code, of registrant's principal executive offices) (303) 848-7000 (Registrant's telephone number, including area code) ____________________________ ...

This document includes estimates, projections, and statements relating to our business plans, commitments, objectives, and expected operating results that are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. • Company Highlights 4 5 Channel DTC WHL 48% 52% Q1 2024 HIGHLIGHTS #3 Attract New Consumers occasions Crocs Brand Highlights ...

Financial Data and Key Metrics - Consolidated revenues for Q1 2024 were $939 million, up almost 7% YoY, led by the Crocs Brand [38] - Adjusted gross margin improved by 180 basis points to 56%, with Crocs Brand adjusted gross margin at 58.1%, up 180 basis points YoY [38][40] - Adjusted operating margin was 27.1%, slightly down from 27.9% YoY but favorable to expectations due to higher gross margins [41] - Adjusted diluted earnings per share (EPS) were $3.02, significantly ahead of the guidance range of $2.15 to $2.25 [38] - Inventory balance declined by 18% YoY to $392 million, with both brands achieving inventory turns of 4 times [115] Business Line Performance - Crocs Brand revenues grew 16% YoY to $744 million, driven by DTC growth of 19% and wholesale growth of 14% [114] - HEYDUDE revenues were $195 million, down 17% YoY, with 7 million pairs sold, a 21% decrease YoY [76] - Crocs Brand ASPs increased by 11% to $23.36, while HEYDUDE ASPs rose 5% to $27.68 [114][76] - North America revenues for Crocs grew 9% YoY, with DTC up 13% and wholesale up 5% [114] - International revenues grew 24% YoY, with triple-digit growth in China and Australia, and double-digit growth in Western Europe [39][98] Market Performance - China and Australia delivered triple-digit growth in Q1, with strong double-digit growth in Western Europe (UK, France, Germany) [39][98] - Crocs won its first-ever Super Brand Day on Tmall in China, driving significant brand heat and consumer engagement [7][98] - North America wholesale partners pulled forward product deliveries in Q1 due to strong sell-through of Crocs products [39][53] Strategy and Industry Competition - The company’s growth strategy focuses on three pillars: driving brand relevance, market share gains, and product diversification [2][87] - Crocs plans to open approximately 30 HEYDUDE outlet stores in 2024, with six opened in Q1, aiming to educate consumers and liquidate older inventory [36][124] - The company is investing in marketing, talent, digital, and retail to support long-term market share gains [37] - HEYDUDE’s focus is on solidifying its business and establishing the Wally and Wendy as iconic franchises [90] Management Commentary on Operating Environment and Future Outlook - Management expressed confidence in maintaining a 25% operating margin for the year, supported by strong gross margins [13] - The company raised its full-year 2024 EPS outlook to $12.25-$12.73, driven by Q1 strength [116] - HEYDUDE’s performance is expected to improve sequentially, with sell-in and sell-out trends normalizing by Q4 [101] - Management noted a softening consumer environment, particularly in wholesale, but remains optimistic about long-term growth [35][69] Other Important Information - The company hired Susan Healy as the new CFO, bringing extensive experience from Ulta Beauty and IAA [2][96] - Terence Reilly joined as the new HEYDUDE Brand President, focusing on driving brand relevance and growth [113] - Crocs expanded its corporate responsibility efforts, including the Consumer Takeback program and a new limited edition Classic Clog made from recycled materials [89] Q&A Session Summary Question: HEYDUDE’s performance and outlook [44] - HEYDUDE’s Q1 performance was solid but saw softening wholesale sell-out post-Easter, leading to a more cautious outlook for the year [45][46] - DTC is expected to outperform wholesale, with Q4 being the strongest quarter due to retail contributions and easier wholesale comparisons [46][47] Question: Crocs’ performance in China [129] - Crocs achieved triple-digit growth in China in Q1, driven by digital presence, consumer following, and incremental store openings [7] - The company expects strong growth to continue through Q2 and the rest of the year, supported by new franchise partner stores [7] Question: HEYDUDE’s margin outlook [61] - HEYDUDE’s margin guidance remains unchanged, with no incremental pressure expected from lower revenue, as DTC revenues are higher margin than wholesale [61] - The new HEYDUDE Las Vegas warehouse and technology implementation are expected to improve efficiency and support margins [62] Question: Crocs’ inventory management [55] - Inventory levels are down 18% YoY, with both brands achieving 4 times inventory turns, reflecting efficient inventory management [115] - Management expects inventory levels to flatten in Q2 and remain stable throughout the year [55] Question: HEYDUDE’s direct business performance [74] - HEYDUDE’s direct business saw a drop in units due to higher ASPs, but this was expected and is seen as productive for margins [68] - The company anticipates unit sales to improve as new products and marketing efforts gain traction [68] Question: Crocs’ North America DTC performance [44] - Crocs’ North America DTC grew 13% in Q1, supported by strong product offerings and a robust pipeline [47] - Q2 growth is expected to be more muted due to the Easter shift and leap year impact in Q1 [48]

Tuesday, May 7th, 2024Markets continue to perform relatively well off lows from mid-last week. These lows were higher than the previous divot in mid-April, and this spells a good trend to this point. Minus large-scale economic reports this week, attention will necessarily turn to the remainder of earnings reports yet to come out. The Dow is up +30 points at this hour — riding a 4-day winning streak by the way — with the S&P 500 +5 points but the Nasdaq -13. The S&P and Nasdaq currently have 3-day winning st ...