Crocs, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 15, 2024 at 07:02 am
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Crocs, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 960.1 million compared to USD 945.16 million a year ago. Net income was USD 253.59 million compared to USD 137.74 million a year ago. Basic earnings per share from continuing operations was USD 4.19 compared to USD 2.23 a year ago. Diluted earnings per share from continuing operations was USD 4.16 compared to USD 2.2 a year ago.
For the full year, the company reported sales was USD 3,962.35 million compared to USD 3,554.99 million a year ago. Net income was USD 792.57 million compared to USD 540.16 million a year ago. Basic earnings per share from continuing operations was USD 12.91 compared to USD 8.82 a year ago. Diluted earnings per share from continuing operations was USD 12.79 compared to USD 8.71 a year ago.
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.