Heydude news and archive

Crocs posts Q1 growth, names Susan Healy as CFO

Crocs, Inc. first quarter revenues were 939 million dollars, an increase of 6.2 percent or 6.9 percent on a constant currency basis with direct-to-consumer (DTC) revenue growth of 11.8 percent or 12.3 percent on a constant currency basis and wholesale revenue increase of 3.2 percent or 4.1 percent on a constant currency basis. The company also...

People

Crocs appoints Terence Reilly as EVP and president of Heydude brand

Crocs, Inc. has announced the appointment of Terence Reilly as incoming executive vice president and president for the Heydude brand. Reilly will join the executive leadership team on April 29 and will report directly to Andrew Rees, the company’s chief executive officer. The company said in a statement that Reilly, 56, most recently served as...

Business

Crocs brand Heydude expands in Germany

The shoe brand Heydude is now taking off in Germany. After announcing its expansion into the UK in March, the brand, which belongs to US shoe retailer Crocs Inc., is now also launching its own online shop for the German market, Heydude announced on Thursday. The brand, which was founded in Italy, is also available in more than 1,450 shops in...

Fashion

HeyDude footwear brand launches in the UK

Casual footwear brand HeyDude, one of the fastest-growing brands in the US, is launching in the UK on March 20 as part of its international expansion. The brand, acquired by Crocs, Inc. in 2022, is known for its comfortable and lightweight shoes for men, women, and children, with bestselling styles including the ‘Wally’ and ‘Wendy’ styles...

BusinessFeatured

Crocs delivers strong revenue and earnings growth in 2023

Crocs 2023 revenues of nearly 4 billion dollars increased 11.5 percent or 12 percent on a constant currency basis, over 2022. Diluted earnings per share increased 46.8 percent to 12.79 dollars per share and adjusted diluted earnings per share increased 10.2 percent to 12.03 dollars. The company's fourth quarter revenues of 960 million dollars,...

Business

Crocs expects 2023 revenues to reach 3.95 billion dollars

Crocs, Inc. expects 2023 revenues of approximately 3.95 billion dollars, representing over 11 percent growth compared to 2023. "2023 was a strong year for Crocs, Inc. that culminated in a successful holiday season with market share gains for both brands. Fourth-quarter revenue is now expected to exceed our former guidance and we are raising our...

BusinessFeatured

Crocs delivers Q3 revenue and earnings growth

Crocs, Inc. recorded third quarter consolidated revenues of 1,045.7 million dollars, up 6.2 percent or 5.8 percent on a constant currency basis compared to 2022. Diluted earnings per share increased 5.5 percent to 2.87 dollars compared to the same period last year, while adjusted diluted earnings per share increased 9.4 percent to 3.25 dollars....

Business

Crocs pushes back net-zero target by 10 years

Footwear specialist Crocs is taking a step back on its previously outlined net-zero target, now striving to become net-zero by 2040 instead of 2030, as initially planned. The move came as part of the company’s latest environmental, social and governance (ESG) report, where it provided further progress and evolution updates on its milestones in...

BusinessFeatured

Crocs posts strong revenue growth, forecasts upbeat 2023

Fourth quarter revenue at Crocs, Inc. was 945.2 million dollars, an increase of 61.1 percent from the same period last year or 64.8 percent on a constant currency basis. Direct-to-consumer (DTC), which includes retail and e-commerce, revenues grew 61.2 percent and wholesale revenues grew 61.1 percent. The company’s revenues of 3.6 billion...

Business

Crocs forecasts 2022 revenue growth ahead of expectations

Crocs, Inc. announced it expects 2022 revenues of approximately 3.55 billion dollars, which would represent approximately 53 percent growth compared to 2021. "2022 was an exceptional year for Crocs, Inc., with strong consumer demand for both the Crocs and Heydude brands driving expected 53 percent revenue growth," said Andrew Rees, the company’s...

BusinessFeatured

Crocs presents strong Q2 results, revenues jump 51 percent

For its second quarter, Crocs, Inc. reported consolidated revenues of 964.6 million dollars increased 50.5 percent or 55.6 percent on a constant currency basis, as compared to 2021. Crocs brand quarterly revenues of 732.2 million dollars, increased 14.3 percent or 19.4 percent on a constant currency basis, as compared to 2021. Heydude brand...

Business

Crocs shares rally on Loop Capital upgrade

After Loop Capital analyst Laura Champine upgraded Crocs’ stock from a hold rating to buy on July 6, shares of the casual footwear company rose 5.3 percent as of 10:30 a.m. ET. With the upgraded rating, Champine put a price target on the stock of 75 dollars. Champine said in an investor note: “We are willing to step in despite the dodgy macro...