Crocs Reports Strong Q4 Earnings, Beats Expectations

The footwear giant's fourth-quarter results surpassed Wall Street forecasts, with notable growth in Crocs brand sales and a decline in HEYDUDE brand revenues.

Crocs Inc. reported fourth-quarter adjusted earnings per share of $2.58, surpassing analysts' expectations of $2.37.
Quarterly revenue reached $960.09 million, exceeding forecasts and marking a 1.6% increase year over year.
Crocs brand revenues grew by 10% year over year, while HEYDUDE brand revenues saw an 18.5% decline.
The company's adjusted gross margin improved to 55.7%, and it expects full-year earnings of $12.05 to $12.50 per share for FY24.
Shares of Crocs rose 6.55% in premarket trading following the earnings announcement.

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