Crocs, Inc. Provides Revenue Guidance for the Fourth Quarter and Full Year 2022 and Fiscal Year 2023
January 10, 2023 at 07:00 am
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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.
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 Companyâs segments include Crocs Brand and the HEYDUDE Brand. The Companyâs Crocs Brand collection contains Croslite material, a molded footwear technology, delivering extraordinary comfort with each step. Its Croslite materials are formulated to create soft, comfortable, lightweight, non-marking, and odor-resistant footwear. The HEYDUDE Brand offers shoes with a versatile silhouette. It sells its products in more than 80 countries, through two distribution channels: wholesale and direct-to-consumer. Its wholesale channel includes domestic and international multi-brand retailers, mono-branded partner stores, e-tailers, and distributors; its direct-to-consumer channel includes Company-operated retail stores, Company-operated e-commerce sites, and third-party marketplaces.
CROCS, INC. 
