Heydude news and archive

Crocs Q4 earnings surpass expectations, shares surge

Shares of casual footwear company Crocs surged over 16 percent in premarket US trading after the company beat analysts' fourth-quarter net income expectations. While adjusted net income for the quarter decreased 7 percent to 146.2 million dollars, it surpassed the 133.7 million dollars forecast, according to Bloomberg consensus estimates....

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Crocs reports positive Q3 but adjusts full year outlook

Consolidated third quarter revenues at Crocs were 1,062 million dollars, an increase of 1.6 percent or 2 percent on a constant currency basis. Crocs forecasts full year revenues for the Crocs brand to grow approximately 8 percent versus growth of 7 percent to 9 percent prior. Revenues for the Heydude brand are expected to be down approximately...

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Gap, HeyDude and Tom Ford: Brand ambassadors on the move this week

It was a busy week for brands and their respective ambassadors, many of whom were selected for their connections to a younger generation of potential shoppers, a group brands are continuously trying to align with. Here are some of the biggest collaborations of the week, some ringing in the launch of the all important autumn campaigns. HeyDude...

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HeyDude and Lee unveil footwear collaboration

Denim brand Lee and casual American footwear brand HeyDude, owned by Crocs, have unveiled a shoe collaboration for the summer. The capsule collection features shoes for men and women, combining HeyDude’s playful comfort with Lee’s workwear heritage and inspired by a coastal vibe. Paul Nugent, senior vice president, chief marketing officer at...

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Crocs posts Q1 growth, names Susan Healy as CFO

Crocs, Inc. first quarter revenues were 939 million dollars, an increase of 6.2 percent or 6.9 percent on a constant currency basis with direct-to-consumer (DTC) revenue growth of 11.8 percent or 12.3 percent on a constant currency basis and wholesale revenue increase of 3.2 percent or 4.1 percent on a constant currency basis. The company also...

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Crocs appoints Terence Reilly as EVP and president of Heydude brand

Crocs, Inc. has announced the appointment of Terence Reilly as incoming executive vice president and president for the Heydude brand. Reilly will join the executive leadership team on April 29 and will report directly to Andrew Rees, the company’s chief executive officer. The company said in a statement that Reilly, 56, most recently served as...

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Crocs brand Heydude expands in Germany

The shoe brand Heydude is now taking off in Germany. After announcing its expansion into the UK in March, the brand, which belongs to US shoe retailer Crocs Inc., is now also launching its own online shop for the German market, Heydude announced on Thursday. The brand, which was founded in Italy, is also available in more than 1,450 shops in...

Fashion

HeyDude footwear brand launches in the UK

Casual footwear brand HeyDude, one of the fastest-growing brands in the US, is launching in the UK on March 20 as part of its international expansion. The brand, acquired by Crocs, Inc. in 2022, is known for its comfortable and lightweight shoes for men, women, and children, with bestselling styles including the ‘Wally’ and ‘Wendy’ styles...

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Crocs delivers strong revenue and earnings growth in 2023

Crocs 2023 revenues of nearly 4 billion dollars increased 11.5 percent or 12 percent on a constant currency basis, over 2022. Diluted earnings per share increased 46.8 percent to 12.79 dollars per share and adjusted diluted earnings per share increased 10.2 percent to 12.03 dollars. The company's fourth quarter revenues of 960 million dollars,...

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Crocs expects 2023 revenues to reach 3.95 billion dollars

Crocs, Inc. expects 2023 revenues of approximately 3.95 billion dollars, representing over 11 percent growth compared to 2023. "2023 was a strong year for Crocs, Inc. that culminated in a successful holiday season with market share gains for both brands. Fourth-quarter revenue is now expected to exceed our former guidance and we are raising our...

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Crocs delivers Q3 revenue and earnings growth

Crocs, Inc. recorded third quarter consolidated revenues of 1,045.7 million dollars, up 6.2 percent or 5.8 percent on a constant currency basis compared to 2022. Diluted earnings per share increased 5.5 percent to 2.87 dollars compared to the same period last year, while adjusted diluted earnings per share increased 9.4 percent to 3.25 dollars....

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Crocs pushes back net-zero target by 10 years

Footwear specialist Crocs is taking a step back on its previously outlined net-zero target, now striving to become net-zero by 2040 instead of 2030, as initially planned. The move came as part of the company’s latest environmental, social and governance (ESG) report, where it provided further progress and evolution updates on its milestones in...