Crocs, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 03, 2022 at 07:04 am EDT
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Crocs, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was USD 985.09 million compared to USD 625.92 million a year ago. Net income was USD 169.35 million compared to USD 153.49 million a year ago. Basic earnings per share from continuing operations was USD 2.75 compared to USD 2.47 a year ago. Diluted earnings per share from continuing operations was USD 2.72 compared to USD 2.42 a year ago.
For the nine months, sales was USD 2,609.82 million compared to USD 1,726.79 million a year ago. Net income was USD 402.42 million compared to USD 570.84 million a year ago. Basic earnings per share from continuing operations was USD 6.59 compared to USD 8.96 a year ago. Diluted earnings per share from continuing operations was USD 6.51 compared to USD 8.79 a year ago.
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.
CROCS, INC. 
