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Crocs Sees Q4 Revenue Up About 42 Percent
Crocs To Acquire Casual Footwear Brand Heydude
Crocs Inc Posts Q3 Adjusted Earnings Per Share $2.47
Crocs, Inc. is engaged in the design, development, worldwide marketing, distribution, and sale of casual lifestyle footwear and accessories for women, men, and children. The Company operates through three segments: the Americas, operating in North and South America; the Asia Pacific, operating throughout Asia, Australia, and New Zealand; and Europe, Middle East, and Africa (EMEA), operating throughout Europe, Russia, the Middle East, and Africa. The majority of shoes within the Company's collection contains Croslite material, a molded footwear technology. The Company markets its products in approximately 80 countries through three distribution channels: wholesale, retail, and e-commerce. Its wholesale channel includes domestic and international multi-brand retailers, mono-branded partner stores, e-tailers, and distributors; its retail channel consists of the Company-operated stores; and its e-commerce channel includes the Company-operated e-commerce sites and third-party marketplaces.
13601 Via Varra
Thomas J. Smach
Independent Chairman of the Board
Chief Executive Officer, Director
Chief Financial Officer, Executive Vice President
Elaine L. Boltz
Executive Vice President, Chief Operations and Transformations Officer
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Crocs Inc said on Thursday it would buy privately owned footwear label Heydude for $2.5 billion, as the rubber clogs maker looks to cash in on the pandemic-led surge in demand for casual shoes.
Crocs Inc said on Thursday it would buy privately-owned footwear label Heydude for $2.5 billion in a cash-and-stock deal. (Reporting by Deborah Sophia in Bengaluru; Editing by Krishna Chandra Eluri)
Crocs Inc raised the lower end of its annual revenue forecast, as it prepares to counter supply constraints by shifting some production out of Vietnam where factory shutdowns have pinched shipments, sending its shares up 12%.
* Q1 EARNINGS PER SHARE ESTIMATE $0.36 -- REFINITIV IBES DATA
* CROCS PROVIDES AN UPDATE ON THE BUSINESS IMPACT OF COVID-19
* CROCS, INC. TEMPORARILY CLOSES ITS NORTH AMERICAN RETAIL STORES IN RESPONSE TO COVID-19
* CROCS, INC. REPORTS RECORD REVENUES FOR FOURTH QUARTER AND FULL YEAR 2019; FULL YEAR OPERATING INCOME INCREASED 104.4%; OPERATING MARGIN IMPROVED TO 10.5%; FULL YEAR EPS INCREASED TO $1.66
Crocs Inc will aim to cut the volume of its shoes and accessories produced in China for the U.S. market by more than two-thirds over the next year, as it guards against the impact of President Donald Trump's trade war with Beijing.
Footwear maker Crocs Inc said on Tuesday by 2020 it would aim to cut the amount of U.S. products that it sources from China by two thirds to mitigate the impact of rising tariffs.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.