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Crocs | 10-Q: Q2 2024 Earnings Report

Crocs | 10-Q: Q2 2024 Earnings Report

卡骆驰 | 10-Q:2024财年二季报
美股SEC公告 ·  2024/08/01 23:06

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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.
卡骆驰发布了2024年第二季度强劲的业绩,收入增长3.6%,达到11.1亿美金,这得益于卡骆驰品牌部门的9.7%的增长。毛利率扩大了350个基点,达到了61.4%,受益于产品和运输成本降低。净利润增长了7.8%,达到22890万美金,摊薄后每股收益为3.77美金。卡骆驰品牌部门表现强劲,收入为91400万美金,而HEYDUDE品牌收入下降了17.5%,为19750万美金。卡骆驰品牌的直接面向消费者的可比销售增长了11.7%,但HEYDUDE品牌下降了17.5%。尽管销售和管理费用增加至35620万美金,运营收入仍增长了2.3%,达到32570万美金。公司保持了强劲的流动性,现金为16770万美金,可用借款为57370万美金。在第二季度,卡骆驰恢复了股权回购计划,回购了17500万美金的普通股。管理层继续专注于战略举措,包括全球营销、中国扩展和数字业务增长,同时严格控制库存。
卡骆驰发布了2024年第二季度强劲的业绩,收入增长3.6%,达到11.1亿美金,这得益于卡骆驰品牌部门的9.7%的增长。毛利率扩大了350个基点,达到了61.4%,受益于产品和运输成本降低。净利润增长了7.8%,达到22890万美金,摊薄后每股收益为3.77美金。卡骆驰品牌部门表现强劲,收入为91400万美金,而HEYDUDE品牌收入下降了17.5%,为19750万美金。卡骆驰品牌的直接面向消费者的可比销售增长了11.7%,但HEYDUDE品牌下降了17.5%。尽管销售和管理费用增加至35620万美金,运营收入仍增长了2.3%,达到32570万美金。公司保持了强劲的流动性,现金为16770万美金,可用借款为57370万美金。在第二季度,卡骆驰恢复了股权回购计划,回购了17500万美金的普通股。管理层继续专注于战略举措,包括全球营销、中国扩展和数字业务增长,同时严格控制库存。
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