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Crocs tops $1B in quarterly revenue for the first time
['Daphne Howland', 'Lead Reporter']
Retail Dive - Latest News
Please let us know if you have feedbackDive Brief:The Crocs brand topped $1 billion in quarterly revenue for the first time, growing over 4% year on year, the company reported Thursday.
The brand’s direct-to-consumer revenue rose 13% to $559 million while wholesale fell 5%.
North America revenue edged up slightly to $459 million, while international surged 8%.
Crocs Inc.’s Heydude brand saw DTC revenue growth, too, of more than 7%, thanks to TikTok Shop and a record Amazon Prime Day.
But wholesale there fell over 17% and Heydude revenue overall fell 6% to $179 million.