Headlines

Crocs Reports New Revenue Record

CEO confident in additional growth following HeyDude acquisition

Published

2 years ago

February 16, 2022

VMSD Staff

Crocs (Broomfield, CO) raked in $2.3 billion for 2021, a 66.9% increase over 2020 and a new annual revenue record, the footwear brand said in a Wednesday earnings announcement.

Crocs’ quarterly revenue of $586.6 million marked a 42.6% increase from the year prior. The company expects revenue for Q1 of 2022 to fall between $605 and $630 million.

In the announcement, CEO Andrew Rees credited the company’s 2021 performance to a strong holiday season. He also expressed confidence in both the Crocs and HeyDude brands to reach $6 billion in revenues by 2026. The company’s acquisition of HeyDude is expected to close this month.

Read the full earnings announcement here.

Related Topics:Crocs HeyDude Sales

VMSD Staff

Drawing on more than 125 years of history serving the retail design market, VMSD magazine provides retail professionals with the most up-to-date, innovative retail design ideas and industry news through its industry-leading magazine, website, social media channels and bulletins.

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