Crocs reported strong Q2 2024 results with revenues increasing 3.6% to $1.11 billion, driven by 9.7% growth in the Crocs Brand segment. Gross margin expanded 350 basis points to 61.4%, benefiting from lower product and freight costs. Net income rose 7.8% to $228.9 million, with diluted EPS of $3.77.The Crocs Brand segment delivered robust performance with revenues of $914 million, while HEYDUDE Brand revenues declined 17.5% to $197.5 million. Direct-to-consumer comparable sales grew 11.7% for Crocs Brand but decreased 17.5% for HEYDUDE Brand. Operating income increased 2.3% to $325.7 million despite higher SG&A expenses of $356.2 million.The company maintained strong liquidity with $167.7 million in cash and $573.7 million in available borrowings. During Q2, Crocs resumed its share repurchase program, buying back $175 million of common stock. Management remains focused on strategic initiatives including global marketing, China expansion, and digital business growth while maintaining tight inventory control.

Crocs reported strong Q2 2024 results with revenues increasing 3.6% to $1.11 billion, driven by 9.7% growth in the Crocs Brand segment. Gross margin expanded 350 basis points to 61.4%, benefiting from lower product and freight costs. Net income rose 7.8% to $228.9 million, with diluted EPS of $3.77.The Crocs Brand segment delivered robust performance with revenues of $914 million, while HEYDUDE Brand revenues declined 17.5% to $197.5 million. Direct-to-consumer comparable sales grew 11.7% for Crocs Brand but decreased 17.5% for HEYDUDE Brand. Operating income increased 2.3% to $325.7 million despite higher SG&A expenses of $356.2 million.The company maintained strong liquidity with $167.7 million in cash and $573.7 million in available borrowings. During Q2, Crocs resumed its share repurchase program, buying back $175 million of common stock. Management remains focused on strategic initiatives including global marketing, China expansion, and digital business growth while maintaining tight inventory control.