Crocs
🇺🇸 NASDAQ:CROX
•
Dec 31, 2024
Crocs Q4 2024 Earnings Report
Key Takeaways
Crocs, Inc. reported a 3.1% YoY increase in Q4 revenue to $989,773,000, driven by a 4.0% growth in the Crocs Brand and a 5.5% increase in direct-to-consumer sales. Operating income declined by 4.6% to $199,915,000, while adjusted EPS decreased by 2.3% to $2.52. HEYDUDE revenue remained flat YoY but outperformed expectations.
Crocs Revenue
Crocs EPS
Crocs Revenue by Segment
Crocs Revenue by Geographic Location
Forward Guidance
Crocs expects revenue growth of 2.0% to 2.5% in FY 2025, led by a 4.5% increase in Crocs Brand sales. HEYDUDE revenue is projected to decline by 9% to 7%. Adjusted operating margin is expected to be approximately 24.0%, with an adjusted EPS range of $12.70 to $13.15.
Positive Outlook
- Crocs Brand expected to grow 4.5% in FY 2025.
- Adjusted operating margin projected to remain at 24.0%.
- Strong direct-to-consumer sales momentum.
- Continued share repurchases with $1.3B authorization.
- Cash flow supports further debt reduction and investments.
Challenges Ahead
- Total Q1 2025 revenue expected to decline by 3.5%.
- HEYDUDE revenue expected to decline by 9% to 7% in FY 2025.
- Foreign currency impact expected to reduce revenue by $62M in 2025.
- Tariffs and currency fluctuations will impact margins.
- Wholesale segment growth remains uncertain.
Revenue & Expenses
Visualization of income flow from segment revenue to net income