Headlines

Crocs Reports New Revenue Record

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.

VMSD Staff

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