Reported Earnings • May 01
First quarter 2026 earnings released: EPS: US$2.74 (vs US$2.85 in 1Q 2025) First quarter 2026 results: EPS: US$2.74 (down from US$2.85 in 1Q 2025). Revenue: US$921.5m (down 1.7% from 1Q 2025). Net income: US$137.6m (down 14% from 1Q 2025). Profit margin: 15% (down from 17% in 1Q 2025). Revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Luxury industry in South America. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Tillkännagivande • May 01
Crocs, Inc. Provides Earnings Guidance for the Second Quarter of 2026 Crocs, Inc. provided earnings guidance for the second quarter of 2026. For the period, the company expects revenues to be down slightly compared to the second quarter of 2025, at currency rates as of April 27, 2026. Tillkännagivande • Apr 25
Crocs, Inc., Annual General Meeting, Jun 09, 2026 Crocs, Inc., Annual General Meeting, Jun 09, 2026. Buy Or Sell Opportunity • Apr 22
Now 23% undervalued The stock has been flat over the last 90 days, currently trading at Mex$1,816. The fair value is estimated to be Mex$2,346, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.4% over the last 3 years. Meanwhile, the company became loss making. Recent Insider Transactions • Feb 25
Insider recently sold Mex$21m worth of stock On the 20th of February, Anne Mehlman sold around 12k shares on-market at roughly Mex$1,717 per share. This transaction amounted to 8.5% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of Mex$44m more than they bought in the last 12 months. Recent Insider Transactions • Feb 21
Independent Chairman recently sold Mex$8.4m worth of stock On the 13th of February, Thomas Smach sold around 5k shares on-market at roughly Mex$1,690 per share. This transaction amounted to 3.5% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Thomas has been a net seller over the last 12 months, reducing personal holdings by Mex$28m. Reported Earnings • Feb 13
Full year 2025 earnings released: US$1.50 loss per share (vs US$16.00 profit in FY 2024) Full year 2025 results: US$1.50 loss per share (down from US$16.00 profit in FY 2024). Revenue: US$4.04b (down 1.5% from FY 2024). Net loss: US$81.2m (down 109% from profit in FY 2024). Revenue is forecast to stay flat during the next 3 years compared to a 8.5% growth forecast for the Luxury industry in South America. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Tillkännagivande • Feb 12
Crocs, Inc. Provides Earnings Guidance for the First Quarter and Full Year 2026 Crocs, Inc. provided earnings guidance for the First quarter and full year 2026. For the quarter, company expected Revenues to be down approximately 5.5% to 3.5% to the first quarter of 2025, at currency rates as of February 9, 2026.
For the year, Company expected Revenues to be down approximately 1% to up slightly compared to full-year 2025, at currency rates as of February 9, 2026. Tillkännagivande • Nov 17
Crocs, Inc. Promotes Rupert Campbell to Executive Vice President and President of the Heydude Brand. Effective November 17, 2025 Crocs, Inc. announced that the organization has promoted Rupert Campbell to Executive Vice President and President of the HEYDUDE brand. Effective November 17, 2025, Rupert will join the executive leadership team and report directly to Andrew Rees, Crocs Inc. Chief Executive Officer. Rupert joined Crocs, Inc. in March 2025 as Senior Vice President, Chief Commercial Officer for HEYDUDE, where he has been responsible for overseeing and executing the commercial strategy for the HEYDUDE brand globally. In his role as Brand President, he will lead all elements of the brand's product, marketing, and commercial go-to-market strategy. An accomplished executive and expert within the footwear industry, Rupert's consumer-first mindset, operational excellence and long-term brand building prowess, position him well as the brand's next leader. Prior to joining Crocs, Inc., Rupert served as the President of adidas North America where he led a market of more than $6 billion in revenue and a team of more than 10,000. During his 10 years with adidas, he served in various leadership positions across several international regions, including Europe and Russia, helping to transform consumer perception of the brand and close the gap in performance against competitors. Recent Insider Transactions • Nov 14
Independent Director recently bought Mex$4.1m worth of stock On the 11th of November, John Replogle bought around 3k shares on-market at roughly Mex$1,366 per share. This transaction amounted to 19% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold Mex$58m more in shares than they bought in the last 12 months. Recent Insider Transactions • Nov 13
Independent Director recently bought Mex$4.1m worth of stock On the 11th of November, John Replogle bought around 3k shares on-market at roughly Mex$1,366 per share. This transaction amounted to 19% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold Mex$58m more in shares than they bought in the last 12 months. Reported Earnings • Nov 01
Third quarter 2025 earnings released: EPS: US$2.72 (vs US$3.38 in 3Q 2024) Third quarter 2025 results: EPS: US$2.72 (down from US$3.38 in 3Q 2024). Revenue: US$996.3m (down 6.2% from 3Q 2024). Net income: US$145.8m (down 27% from 3Q 2024). Profit margin: 15% (down from 19% in 3Q 2024). Revenue is forecast to stay flat during the next 3 years compared to a 8.4% growth forecast for the Luxury industry in South America. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 1% per year. Tillkännagivande • Oct 30
Crocs, Inc. Provides Earnings Guidance for the Fourth Quarter of 2025 Crocs, Inc. provided earnings guidance for the Fourth quarter of 2025. For the quarter, the company expects revenues to be down approximately 8% compared to the fourth quarter of 2024, at currency rates as of October 27, 2025. Recent Insider Transactions • Aug 15
Independent Director recently bought Mex$4.6m worth of stock On the 8th of August, John Replogle bought around 3k shares on-market at roughly Mex$1,421 per share. This transaction amounted to 27% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold Mex$57m more in shares than they bought in the last 12 months. Buy Or Sell Opportunity • Aug 08
Now 40% undervalued after recent price drop Over the last 90 days, the stock has fallen 35% to Mex$1,395. The fair value is estimated to be Mex$2,315, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.1% over the last 3 years. Earnings per share has grown by 11%. Revenue is forecast to decline by 0.7% in 2 years. Earnings are forecast to grow by 217% in the next 2 years. Tillkännagivande • May 08
Crocs, Inc. Withdraws Earnings Guidance for the Full Year 2025 Crocs, Inc. withdrew earnings guidance for the full year 2025. Due to macroeconomic uncertainties stemming from global trade policies, the Company is withdrawing its full year 2025 financial outlook that was provided on February 13, 2025, and is not providing a full year outlook at this time. Tillkännagivande • Apr 28
Crocs, Inc., Annual General Meeting, Jun 10, 2025 Crocs, Inc., Annual General Meeting, Jun 10, 2025. Valuation Update With 7 Day Price Move • Mar 28
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to Mex$2,250, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 9x in the Luxury industry in South America. Total returns to shareholders of 49% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Mex$3,985 per share. Tillkännagivande • Mar 08
Crocs, Inc. Announces Resignation of Adam Michaels as Executive Vice President and Chief Digital Officer, Effective May 1, 2025 On March 3, 2025, Adam Michaels, Executive Vice President, Chief Digital Officer, of Crocs, Inc. notified the Company of his decision to resign from the Company, effective May 1, 2025. The Company and Mr. Michaels expect to enter into a separation agreement and general release on the Separation Date whereby Mr. Michaels would agree to (i) a 24-month non-competition covenant (ii) an 18-month non-solicitation of employees covenant and (iii) perform transition activities relating to his role and duties through May 1, 2025. Recent Insider Transactions • Feb 21
Executive VP & Chief Digital Officer recently sold Mex$32m worth of stock On the 18th of February, Adam Michaels sold around 15k shares on-market at roughly Mex$2,159 per share. This transaction amounted to 19% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of Mex$186m more than they bought in the last 12 months. Reported Earnings • Feb 13
Full year 2024 earnings released: EPS: US$16.00 (vs US$12.91 in FY 2023) Full year 2024 results: EPS: US$16.00 (up from US$12.91 in FY 2023). Revenue: US$4.10b (up 3.5% from FY 2023). Net income: US$950.1m (up 20% from FY 2023). Profit margin: 23% (up from 20% in FY 2023). Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Luxury industry in South America. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Feb 13
Crocs, Inc. Provides Earning Guidance for the First Quarter and Full Year 2025 Crocs, Inc. provided earning guidance for the first quarter and full year 2025. For the quarter, the company expects Revenues to be down approximately 3.5% compared to same period last year at currency rates as of February 10, 2025. This includes an anticipated negative impact of approximately $19 million from foreign currency. Crocs Brand to be down approximately 1% to flat compared to the first quarter of 2024. HEYDUDE Brand to be down approximately 16% to 14% compared to the first quarter of 2024.
For the year, the company expects Revenue growth of approximately 2% to 2.5% compared to previous year, at currency rates as of February 10, 2025. This includes an anticipated negative impact of approximately $62 million from foreign currency. Crocs Brand to grow approximately 4.5% compared to full year 2024. HEYDUDE Brand to be down approximately 9% to 7% compared to full year 2024. Tillkännagivande • Jan 23
Robbins Geller Rudman & Dowd LLP Announces the Crocs Class Action Lawsuit Against Crocs, Inc Robbins Geller Rudman & Dowd LLP announced that the Crocs class action lawsuit seeks to represent purchasers or acquirers of Crocs, Inc. common stock between November 3, 2022 and October 28, 2024, inclusive. Captioned Carretta v. Crocs, Inc., No. 25-cv-00096 (D. Del.), the Crocs class action lawsuit charges Crocs and certain of Crocs’ top executives with violations of the Securities Exchange Act of 1934. However, the Crocs class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose: (i) the nature and sustainability of HEYDUDE’s revenue growth by concealing that 2022 revenue growth was driven, in large part, by Crocs’ efforts to stock third-party wholesalers and retailers following the February 2022 acquisition of HEYDUDE; and (ii) that as Crocs’ retail partners began to destock this excess inventory, waning product demand further negatively impacted Crocs’ financial results. The Private Securities Litigation Reform Act of 1995 permits any investor who purchased or acquired Crocs common stock during the Class Period to seek appointment as lead plaintiff in the Crocs class action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. A lead plaintiff acts on behalf of all other class members in directing the Crocs class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the Crocs class action lawsuit. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff of the Crocs class action lawsuit. Recent Insider Transactions • Nov 16
Executive VP & CFO recently bought Mex$2.1m worth of stock On the 13th of November, Susan Healy bought around 1k shares on-market at roughly Mex$2,054 per share. This transaction amounted to 4.6% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth Mex$5.1m. This was Susan's only on-market trade for the last 12 months. New Risk • Nov 07
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.7% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings are forecast to decline by an average of 1.7% per year for the foreseeable future. Minor Risks High level of debt (72% net debt to equity). Significant insider selling over the past 3 months (Mex$27m sold). Recent Insider Transactions • Nov 01
Independent Director recently bought Mex$5.1m worth of stock On the 30th of October, John Replogle bought around 2k shares on-market at roughly Mex$2,273 per share. This transaction amounted to 36% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold Mex$226m more in shares than they bought in the last 12 months. Reported Earnings • Oct 29
Third quarter 2024 earnings released: EPS: US$3.38 (vs US$2.90 in 3Q 2023) Third quarter 2024 results: EPS: US$3.38 (up from US$2.90 in 3Q 2023). Revenue: US$1.06b (up 1.6% from 3Q 2023). Net income: US$199.8m (up 13% from 3Q 2023). Profit margin: 19% (up from 17% in 3Q 2023). Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Luxury industry in South America. Tillkännagivande • Oct 10
Crocs Reveals Pet Crocs This year, Crocs has officially reached the pinnacle of fandom. The global footwear brand's annual Croctober festivities promise to be larger than life by highlighting the shared innovation of Crocs Nation and celebrating the magic that happens when brand and fan creativity collide. Now marks the reveal of one of the most highly requested products in brand history, Pet Crocs! Designed in partnership with BARK, this momentous launch encourages Crocs enthusiasts everywhere to share their love for the brand with their beloved dogs. Inspired by the special bond between fans and their furry friends, the all-new Pet Crocs are comfy and breathable EVA foam booties made for stylish walks all year round not to mention best-in-shoe fashion. Launching globally on Croc Day, a fan-forward holiday recognized annually on October 23, the Pet Crocs will be available alongside matching Classic Lined Clogs for humans, allowing dogs and dog parents to coordinate their looks in lockstep. Both the pet and human iterations will feature a marbled pattern in two unique colorways—Green Slime and Pink Dragon Fruit—each glowing in the dark and symbolizing a love that illuminates the world. Fans can even take personalization one step further and showcase their love for their four-legged companions by adorning their Classic Lined Clogs with exclusive dog Jibbitz charms. In the spirit of unparalleled creativity, the fan-inspired festivities don't stop there. This year, the global footwear brand is expanding the possibilities of self-expression with the release of a new Crocs Costume, which takes form as a life-sized iconic Classic Clog. Fully loaded with Jibbitz charms, the costume doubles as a personal vehicle for expression, with the ventilation holes transformed into arm openings and fan's faces acting as Jibbitz charms. Just like your favorite pair of Crocs which come in left and right versions, the costume is also available in left and right, making it perfect for pairing up this spooky season to create the ultimate couples' moment. The Pet Crocs and their matching Classic Lined Clogs will be available globally on Crocs.com and in select Crocs retail stores beginning October 23, 2024 for a limited time. Tillkännagivande • Sep 20
Crocs Launches the Keep It Going Classic Clog Made with 25% Recycled Material from Consumers' Well-Loved Shoes Crocs announced it achieved another step forward toward its circularity goals with the launch of the limited-edition Keep It Going Classic Clog. The new clogs feature 25% post-consumer recycled content in each shoe, created from shoes collected through the brand's 'Old Crocs. New Life' consumer takeback program. The launch of the Keep It Going Classic Clog follows the brand's recent milestone of achieving 25% bio-circular content across its entire Croslite material portfolio, which includes the Classic Clog and the majority of the brand's shoes1. By incorporating bio-circular content, Crocs is giving a second life to plant-based products that would have otherwise ended up as waste through material innovation. In combination with the 25% post-consumer recycled Content, the Keep It Going Classic ClOG showcases the brand's efforts at the intersection of circular innovation and materials. Since the launch of the 'Old Crocs. New life' pilot program last October and its nationwide expansion in May, the brand has collected Crocs shoes at retail locations across the country and through an online mail-back kit. The brand's priority is to keep shoes on feet for as long as possible, so gently used Crocs that can still be worn are donated to Soles4Souls, an international non-profit organization that works with partners to create local economic benefit in communities around the world. Well-loved Crocs that cannot be kept on feet are processed, sorted and deconstructed into post-consumer recycled materials ready for their next use, in this case integrated into the Keep It Going Classic Clg. Available now online and in select Crocs retail locations in the U.S., the Keep It Going Classic Clag features intentional design choices that tell the story of the clog's journey. The clog color is named Moon Dust, featuring an on-trend almond base with visible specs of recycled shred created from shoes received from ' Old Crocs. New Life.' Additional nods to the important role that fans have played in Crocs' sustainability progress include 'Keep It Going' on the inside of the backstrap and a similarly inspired rivet. Due to its recycled nature, each clog is unique and its color may vary slightly from others. The Keep it Going Classic Clog is a limited-edition product at the same accessible price point as the Classic Clog. Crocs is committed to circular solutions and continues to find new ways to reduce waste in manufacturing, distribution and end-of-life to promote a more circular economy for footwear and beyond. Recent Insider Transactions • Aug 06
Independent Director recently bought Mex$4.7m worth of stock On the 2nd of August, John Replogle bought around 2k shares on-market at roughly Mex$2,363 per share. This transaction amounted to 39% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold Mex$221m more in shares than they bought in the last 12 months. Reported Earnings • Aug 02
Second quarter 2024 earnings released: EPS: US$3.80 (vs US$3.42 in 2Q 2023) Second quarter 2024 results: EPS: US$3.80 (up from US$3.42 in 2Q 2023). Revenue: US$1.11b (up 3.6% from 2Q 2023). Net income: US$228.9m (up 7.8% from 2Q 2023). Profit margin: 21% (in line with 2Q 2023). Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the Luxury industry in South America. Tillkännagivande • Aug 01
Crocs, Inc. Provides Earnings Guidance for the Third Quarter and Full Year 2024 Crocs, Inc. provided earnings guidance for the third quarter and full year 2024. for the quarter, the company expects revenues to be down 1.5% to up 0.5% compared to third quarter 2023, at currency rates as of the end of the last reported period.
For the full year, the company expects revenue growth of 3% to 5% compared to 2023, at currency rates as of the end of the last reported period. Tillkännagivande • Jul 18
Crocs, Inc. and Mosaic Brands Limited Announce Settlement of Litigation Crocs, Inc. Mosaic Brand Limited announced that they have settled a lawsuit in the Federal Court of Australia in which Crocs alleged that Mosaic's sale of certain molded foam shoes infringed on Crocs' intellectual property rights. Crocs, one of the world's leading casual footwear companies, has been selling its iconic Classic Clog shoes in Australia for almost 20 years. The Classic Clog is sold in more than 85 countries and has become one of the most recognizable footwear styles in the world. Crocs owns trademark registrations covering the iconic shape and design of its flagship shoe in more than 30 countries worldwide, including Australia. The case against Mosaic was filed in late 2021 upon Crocs' discovery that Mosaic was selling footwear that Crocs alleged is deceptively similar to its Classic Clog. The parties were able to agree on mutually agreeable settlement terms without admissions. While specific terms of the agreement are confidential, Mosaic has agreed to discontinue production and sale of certain molded footwear styles named in the litigation, and certain similar styles, before the end of the year. Recent Insider Transactions • Jun 19
CEO & Director recently sold Mex$30m worth of stock On the 17th of June, Andrew Rees sold around 10k shares on-market at roughly Mex$2,967 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Andrew's only on-market trade for the last 12 months. Recent Insider Transactions • May 30
Executive VP & Chief People Officer recently sold Mex$7.2m worth of stock On the 28th of May, Shannon Sisler sold around 3k shares on-market at roughly Mex$2,527 per share. This transaction amounted to 23% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth Mex$24m. Insiders have been net sellers, collectively disposing of Mex$184m more than they bought in the last 12 months. Recent Insider Transactions • May 16
Independent Chairman recently sold Mex$24m worth of stock On the 10th of May, Thomas Smach sold around 10k shares on-market at roughly Mex$2,351 per share. This transaction amounted to 6.7% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite the recent sale, Thomas has been a net buyer over the last 12 months, purchasing a net total of Mex$404k worth of shares. Tillkännagivande • May 09
Crocs, Inc. Provides Earnings Guidance for the Second Quarter of Full Year of 2024 Crocs, Inc. provided earnings guidance for the second quarter of full year of 2024. For the second quarter, the company expects Revenues to be up 1% to 3% compared to second quarter 2023. Reported Earnings • May 08
First quarter 2024 earnings released: EPS: US$2.52 (vs US$2.42 in 1Q 2023) First quarter 2024 results: EPS: US$2.52 (up from US$2.42 in 1Q 2023). Revenue: US$938.6m (up 6.2% from 1Q 2023). Net income: US$152.5m (up 1.9% from 1Q 2023). Profit margin: 16% (in line with 1Q 2023). Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Luxury industry in South America. Tillkännagivande • Apr 17
Crocs, Inc. to Report Q1, 2024 Results on May 07, 2024 Crocs, Inc. announced that they will report Q1, 2024 results Pre-Market on May 07, 2024 Recent Insider Transactions • Mar 14
Insider recently sold Mex$11m worth of stock On the 12th of March, Michelle Poole sold around 5k shares on-market at roughly Mex$2,103 per share. This transaction amounted to 8.7% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth Mex$34m. Insiders have been net sellers, collectively disposing of Mex$152m more than they bought in the last 12 months. Recent Insider Transactions • Feb 19
Insider recently sold Mex$9.7m worth of stock On the 16th of February, Michelle Poole sold around 5k shares on-market at roughly Mex$2,034 per share. This transaction amounted to 6.9% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth Mex$13m. Insiders have been net sellers, collectively disposing of Mex$55m more than they bought in the last 12 months. Reported Earnings • Feb 16
Full year 2023 earnings released: EPS: US$12.91 (vs US$8.82 in FY 2022) Full year 2023 results: EPS: US$12.91 (up from US$8.82 in FY 2022). Revenue: US$3.96b (up 12% from FY 2022). Net income: US$792.6m (up 47% from FY 2022). Profit margin: 20% (up from 15% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Luxury industry in South America. Valuation Update With 7 Day Price Move • Feb 15
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to Mex$2,083, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 15x in the Luxury industry in South America. Total loss to shareholders of 16% over the past year. Simply Wall St's valuation model estimates the intrinsic value at Mex$3,827 per share. Tillkännagivande • Feb 15
Crocs, Inc. Provides Earnings Guidance for the First Quarter and Full Year 2024 Crocs, Inc. provided earnings guidance for the first quarter and full year 2024. For the quarter, the company expects revenues to be down 1.5% to up 0.5% compared to first quarter 2023. Crocs Brand to grow 6% to 8% compared to first quarter 2023. HEYDUDE Brand to contract 23% to 20% compared to first quarter 2023.For the year, the company expects Revenue growth of 3% to 5% compared to 2023 at currency rates as of December 31, 2023. Revenues for the Crocs Brand to grow 4% to 6%. Revenues for the HEYDUDE Brand flat to slightly up. Tillkännagivande • Feb 02
Crocs, Inc. to Report Q4, 2023 Results on Feb 15, 2024 Crocs, Inc. announced that they will report Q4, 2023 results Pre-Market on Feb 15, 2024 Tillkännagivande • Feb 01
Crocs, Inc. Announces Executive Changes On January 28, 2024, Anne Mehlman, the Crocs, Inc. current Executive Vice President and Chief Financial Officer, was appointed to succeed Michelle Poole as Executive Vice President and Crocs Brand President effective May 3, 2024. Ms. Mehlman will continue to serve as Chief Financial Officer until both a replacement Chief Financial Officer is appointed and Michelle Poole, the Company’s current Executive Vice President, Brand President for Crocs, transitions to her new role as Special Advisor on May 3, 2024, as detailed below. Ms. Mehlman will continue to report to Andrew Rees, the Company’s Chief Executive Officer. Ms. Mehlman, age 43, has served as the Company’s Executive Vice President and Chief Financial Officer since August 2018. Her full bio can be found in the Company’s Proxy Statement dated April 27, 2023. In connection with Ms. Mehlman’s promotion to Executive Vice President and Crocs Brand President, and as set forth in her promotion offer from the Company, effective February 1, 2024. Anne Mehlman has over 20 years of global financial and operational experience, having re-joined Crocs, Inc. in 2018 as Executive Vice President and Chief Financial Officer. Ms. Mehlman had previously worked at Crocs, Inc. as Vice President of Corporate Finance from 2011-2016. After leaving Crocs in 2016, she served as the Chief Financial Officer of Zappos.com, the ecommerce retailer owned by Amazon. She also held various financial roles at RSC Equipment Rental (now United Rentals), Corporate Express (now Staples) and Lockheed Martin. Ms. Mehlman serves on the board of Joann, Inc. She received her Bachelor’s degree from the University of Colorado at Colorado Springs. Also, on January 28, 2024, Michelle Poole, age 55 notified the Company that she intends to retire as Executive Vice President, Brand President for Crocs effective May 3, 2024. Valuation Update With 7 Day Price Move • Jan 09
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to Mex$1,459, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 13x in the Luxury industry in South America. Total loss to shareholders of 33% over the past year. Tillkännagivande • Jan 08
Crocs, Inc. Provides Revenue Guidance for the Fourth Quarter and Full Year of 2023 and Fiscal Year 2024 Crocs, Inc. Provided Revenue Guidance for the Fourth Quarter and Full Year of 2023 and Fiscal Year 2024. For the quarter, The company expects fourth quarter 2023 revenues to grow over 1% compared to 2022, above guidance for a decline of (4%) to (1%), with the Crocs Brand growing almost 10% and HEYDUDE down (19%) and ahead of guidance.For the full year of 2023, The company expects full year 2023 revenues to grow over 11% compared to 2022, slightly above guidance of 10% to 11% growth, with Crocs Brand growing over 13% surpassing the $3 billion mark and HEYDUDE revenues of approximately $949 million.With respect to 2024, compony expect revenue growth of 3% to 5% compared to 2023 comprised of 4% to 6% growth for the Crocs brand and flat to slightly up for HEYDUDE Brand. Tillkännagivande • Dec 19
Crocs, Inc. Appoints John Replogle and Neeraj Tolmare to Board of Directors, Effective January 1, 2024 Crocs, Inc. announced that John Replogle and Neeraj Tolmare have both been appointed to its board of directors, effective January 1, 2024. The new appointees will bring new skill sets and extensive brand building experience in consumer facing businesses to the Crocs board. Mr. Replogle brings decades of global leadership positions at major consumer brands like Seventh Generation, Inc., Burt's Bees, Inc., Unilever's Skin Care division, and Diageo, Plc. He currently serves as a member of the board of directors of two public companies (Grove Collaborative, Inc. and Wolfspeed, Inc.) and previously served on the public company board of directors for Sealy Corporation. Mr. Replogle is also a Founding Partner of One Better Ventures, LLC, a venture capital firm focused on investing in consumer-centric businesses that have a positive impact on the world. Mr. Tolmare has more than 20 years of experience in leading technology teams and digital transformation initiatives across diverse industries. He currently serves as Global Chief Information Officer for The Coca-Cola Company, where he has built and led teams to modernize a legacy network and infrastructure footprint and to improve the organization's global technology maturity. He also serves on the board of Morehouse School of Medicine in Atlanta as well as the Georgia Tech Research Institute, Center for Development and Application of Internet of Things. Prior to his current position, Mr. Tolmare worked at both Fortune 50 companies such as HP Inc., Cisco Systems as well as at startups like Palm Inc. In these companies, he held various roles to lead global technology, data and ecommerce functions to support double-digit growth for their online businesses. Mr. Replogle started his career at the Boston Consulting Group and holds degrees from Harvard Business School and Dartmouth College. Mr. Replogle previously served as a director of Sealy Corporation from 2010 to 2013. Given his strong leadership and expertise in the area, Mr. Replogle will join the board's Environmental, Social and Governance Steering Committee. Mr. Tolmare holds degrees from the University of Chicago Booth School of Business, the South Dakota School of Mines & Technology, and the College of Engineering in Pune, India. He started his career by working for iconic brands such as Palm, Flip Video and Linksys where he led the online marketing and ecommerce units. Mr. Tolmare will initially join the board's Audit Committee. Recent Insider Transactions • Dec 18
Executive VP & Chief Digital Officer recently sold Mex$7.4m worth of stock On the 14th of December, Adam Michaels sold around 4k shares on-market at roughly Mex$1,904 per share. This transaction amounted to 4.6% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth Mex$13m. Insiders have been net sellers, collectively disposing of Mex$134m more than they bought in the last 12 months. Board Change • Dec 11
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 3 highly experienced directors. Independent Director Charisse Ford Hughes was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Tillkännagivande • Nov 04
Crocs, Inc. Provides Earnings Guidance for the Full Year 2023 Crocs, Inc. provided earnings guidance for the full year 2023. Consolidated revenue growth to now be approximately 10% to 11% compared to 2022, resulting in revenues of approximately $3,905 to $3,940 million at currency rates as of the end of the last reported period. Reported Earnings • Nov 03
Third quarter 2023 earnings released: EPS: US$2.90 (vs US$2.75 in 3Q 2022) Third quarter 2023 results: EPS: US$2.90 (up from US$2.75 in 3Q 2022). Revenue: US$1.05b (up 6.2% from 3Q 2022). Net income: US$177.0m (up 4.5% from 3Q 2022). Profit margin: 17% (in line with 3Q 2022). Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Luxury industry in South America. New Risk • Nov 02
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: Mex$24m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk Shares are highly illiquid. Minor Risks High level of debt (156% net debt to equity). Significant insider selling over the past 3 months (Mex$24m sold). Board Change • Nov 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 3 highly experienced directors. Independent Director Charisse Ford Hughes was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Oct 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 3 highly experienced directors. Independent Director Charisse Ford Hughes was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Sep 13
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 3 highly experienced directors. Independent Director Charisse Ford Hughes was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Tillkännagivande • Sep 01
Crocs, Inc. Appoints Erinn Murphy as Senior Vice President, Investor Relations and Corporate Strategy Crocs, Inc. announced that Erinn Murphy was hired as Senior Vice President, Investor Relations and Corporate Strategy. Murphy will join the Enterprise leadership team, effective September 5, reporting directly to Crocs, Inc. Executive Vice President and Chief Financial Officer, Anne Mehlman. Murphy joins the organization from leading investment bank, Piper Sandler. She has nearly 20 years of deep experience in the financial industry and a proven track record of top research performance. Most recently, Murphy served as the Managing Director of Consumer Equity Capital Markets, with oversight of the group's consumer sector. She built her career on Wall Street as an equity research analyst, leading Piper Sandler's global lifestyle brand coverage across nearly 30 stocks, including Crocs, Inc. Throughout her career, she has lent her expertise as a frequent contributor to top national news outlets, including Forbes, Wall Street Journal and CNBC. She was also integral in authoring Piper Sandler's "Taking Stock With Teens," a consumer insights survey on Gen Z spending patterns and brand preferences. In addition to her experience at Piper Sandler, Murphy previously held roles at ExxonMobil. Murphy joins at a time of incredible momentum for Crocs, Inc., with the company experiencing a fifth consecutive year of record revenue growth and industry-leading profitability. The Crocs and HEYDUDE brands are aligned with where consumers are now and will be in the future, providing comfort and style at an accessible price point. Murphy was raised in the Middle East and is passionate about international markets. She has a strong affinity for languages with competencies in French and Arabic. She holds a bachelor's degree from Calvin College in both Economics and French. Recent Insider Transactions • Aug 03
Independent Chairman recently bought Mex$2.5m worth of stock On the 28th of July, Thomas Smach bought around 1k shares on-market at roughly Mex$1,742 per share. This transaction amounted to 1.0% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth Mex$3.8m. Thomas has been a buyer over the last 12 months, purchasing a net total of Mex$13m worth in shares. Tillkännagivande • Jul 29
Crocs, Inc. Provides Consolidated Earnings Guidance for the Third Quarter and Full Year of 2023 Crocs, Inc. provided consolidated earnings guidance for the third quarter and full year of 2023. For the third quarter, the company expects revenues to grow approximately 3% to 5% compared to third quarter 2022, resulting in revenues of approximately $1,013 million to $1,034 million at currency rates as of the latest reported period.For the year, the company expects consolidated revenue growth to now be 12.5% to 14.5% compared to 2022, resulting in revenues of approximately $4,000 million to $4,065 million at currency rates as of the end of the last reported period. Reported Earnings • Jul 28
Second quarter 2023 earnings released: EPS: US$3.42 (vs US$2.60 in 2Q 2022) Second quarter 2023 results: EPS: US$3.42 (up from US$2.60 in 2Q 2022). Revenue: US$1.07b (up 11% from 2Q 2022). Net income: US$212.4m (up 33% from 2Q 2022). Profit margin: 20% (up from 17% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Luxury industry in South America. Board Change • Jul 26
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 3 highly experienced directors. Independent Director Charisse Ford Hughes was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Jun 02
Key Executive recently sold Mex$37m worth of stock On the 31st of May, Michelle Poole sold around 19k shares on-market at roughly Mex$1,940 per share. This transaction amounted to 15% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Michelle has been a net seller over the last 12 months, reducing personal holdings by Mex$112m. Reported Earnings • Apr 28
First quarter 2023 earnings released: EPS: US$2.42 (vs US$1.22 in 1Q 2022) First quarter 2023 results: EPS: US$2.42 (up from US$1.22 in 1Q 2022). Revenue: US$884.2m (up 34% from 1Q 2022). Net income: US$149.5m (up 106% from 1Q 2022). Profit margin: 17% (up from 11% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.5% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Luxury industry in South America. Valuation Update With 7 Day Price Move • Apr 20
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to Mex$2,574, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 10x in the Luxury industry in South America. Total returns to shareholders of 70% over the past year. Simply Wall St's valuation model estimates the intrinsic value at Mex$2,243 per share. Recent Insider Transactions • Mar 21
Independent Chairman recently bought Mex$6.4m worth of stock On the 13th of March, Thomas Smach bought around 3k shares on-market at roughly Mex$2,134 per share. This transaction amounted to 2.3% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Thomas has been a buyer over the last 12 months, purchasing a net total of Mex$11m worth in shares. Recent Insider Transactions • Feb 19
CEO & Director recently sold Mex$48m worth of stock On the 17th of February, Andrew Rees sold around 20k shares on-market at roughly Mex$2,413 per share. This transaction amounted to 1.8% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Andrew has been a net seller over the last 12 months, reducing personal holdings by Mex$87m. Tillkännagivande • Feb 18
Crocs, Inc. Provides Earnings Guidance for the First Quarter and Full Year of 2023 Crocs, Inc. provided earnings guidance for the first quarter and full year of 2023. For the first quarter of 2023, the company expects revenues to grow approximately 27% to 30% compared to first quarter 2022 revenues of $660.1 million. GAAP diluted earnings per share of $1.91 to $2.04.For the full year 2023, The company expects revenue growth of 10% to 13% compared to 2022, resulting in full year revenues of approximately $3.9 billion to $4.0 billion at current currency rates. GAAP diluted earnings per share of $10.54 to $10.85. Reported Earnings • Feb 18
Full year 2022 earnings released: EPS: US$8.82 (vs US$11.62 in FY 2021) Full year 2022 results: EPS: US$8.82 (down from US$11.62 in FY 2021). Revenue: US$3.55b (up 54% from FY 2021). Net income: US$540.2m (down 26% from FY 2021). Profit margin: 15% (down from 31% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Luxury industry in South America. Tillkännagivande • Jan 11
Crocs, Inc. Provides Revenue Guidance for the Fourth Quarter and Full Year 2022 and Fiscal Year 2023 Crocs, Inc. provided revenue guidance for the fourth quarter and full year 2022 and fiscal year 2023. The company expects fourth quarter 2022 revenue growth of approximately 60% compared to 2021.The company announced it expects record 2022 revenues of approximately $3.55 billion, which would represent approximately 53% growth compared to 2021.With respect to 2023, the company expects revenue growth of 10% to 13% compared to 2022, resulting in full year revenues of approximately $3.9 billion to $4.0 billion at current currency rates. Recent Insider Transactions • Nov 16
President recently sold Mex$18m worth of stock On the 10th of November, Michelle Poole sold around 11k shares on-market at roughly Mex$1,724 per share. This transaction amounted to 6.4% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Michelle has been a net seller over the last 12 months, reducing personal holdings by Mex$30m. Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment deteriorated over the past week After last week's 15% share price decline to Mex$1,320, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 19x in the Luxury industry in South America. Recent Insider Transactions • Aug 27
President recently sold Mex$12m worth of stock On the 25th of August, Michelle Poole sold around 7k shares on-market at roughly Mex$1,599 per share. This was the largest sale by an insider in the last 3 months. This was Michelle's only on-market trade for the last 12 months. Reported Earnings • Aug 05
Second quarter 2022 earnings released: EPS: US$2.60 (vs US$5.02 in 2Q 2021) Second quarter 2022 results: EPS: US$2.60 (down from US$5.02 in 2Q 2021). Revenue: US$964.6m (up 51% from 2Q 2021). Net income: US$160.3m (down 50% from 2Q 2021). Profit margin: 17% (down from 50% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 29%, compared to a 21% growth forecast for the industry in Mexico. Valuation Update With 7 Day Price Move • Aug 03
Investor sentiment improved over the past week After last week's 34% share price gain to Mex$1,608, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 16x in the Luxury industry in South America. Recent Insider Transactions • May 28
Independent Chairman recently bought Mex$5.0m worth of stock On the 25th of May, Thomas Smach bought around 5k shares on-market at roughly Mex$992 per share. In the last 3 months, there was an even bigger purchase from another insider worth Mex$16m. Thomas has been a buyer over the last 12 months, purchasing a net total of Mex$35m worth in shares. Recent Insider Transactions • May 25
Independent Director recently bought Mex$5.8m worth of stock On the 17th of May, Ian Bickley bought around 5k shares on-market at roughly Mex$1,164 per share. In the last 3 months, there was an even bigger purchase from another insider worth Mex$16m. Despite this recent purchase, insiders have collectively sold Mex$97m more in shares than they bought in the last 12 months. Recent Insider Transactions • May 12
Insider recently bought Mex$5.4m worth of stock On the 10th of May, Daniel Hart bought around 5k shares on-market at roughly Mex$1,074 per share. In the last 3 months, there was an even bigger purchase from another insider worth Mex$22m. Despite this recent purchase, insiders have collectively sold Mex$103m more in shares than they bought in the last 12 months. Reported Earnings • May 06
First quarter 2022 earnings released: EPS: US$1.22 (vs US$1.50 in 1Q 2021) First quarter 2022 results: EPS: US$1.22 (down from US$1.50 in 1Q 2021). Revenue: US$660.1m (up 44% from 1Q 2021). Net income: US$72.8m (down 26% from 1Q 2021). Profit margin: 11% (down from 21% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 45%, compared to a 27% growth forecast for the industry in Mexico. Recent Insider Transactions • Mar 09
Independent Director recently bought Mex$16m worth of stock On the 3rd of March, Douglas Treff bought around 10k shares on-market at roughly Mex$1,617 per share. In the last 3 months, there was an even bigger purchase from another insider worth Mex$22m. Despite this recent purchase, insiders have collectively sold Mex$209m more in shares than they bought in the last 12 months. Recent Insider Transactions • Feb 19
Independent Director recently bought Mex$15m worth of stock On the 17th of February, Douglas Treff bought around 8k shares on-market at roughly Mex$1,855 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold Mex$283m more in shares than they bought in the last 12 months.