CROX - We Remain In Favor Of Crocs After The Latest Earnings

2024-05-13 23:45:52 ET

Summary

• CROX has achieved record quarterly revenue of $939 million, with a 6% increase in revenue and a 5% increase in diluted EPS.
• The Crocs brand has shown strong growth, while the HEYDUDE brand has experienced a decline in sales.
• The company's capital allocation strategy includes brand growth investment, debt paydown, and returning capital to shareholders.

Crocs, Inc., ( CROX ) together with its subsidiaries, designs, develops, manufactures, markets, distributes, and sells casual lifestyle footwear and accessories under the Crocs and HEYDUDE Brand in the United States and internationally....

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