Crocs, Inc. Provides Consolidated Earnings Guidance for the Second Quarter and Full Year of 2022
May 05, 2022 at 07:00 am EDT
Share
Crocs, Inc. provided consolidated earnings guidance for the second quarter and full year of 2022. For the year, the company expects consolidated revenues to be approximately $3.5 billion, representing growth between 52% and 55% compared to 2021.
For the second quarter, the company expects consolidated revenues to be approximately $918 to $957 million, implying approximately 43% to 49% growth compared to second quarter 2021 revenues of $641 million.
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.