share_log

Crocs | 10-Q: Q3 2024 Earnings Report

Crocs | 10-Q: Q3 2024 Earnings Report

卡駱馳 | 10-Q:2024財年三季報
美股SEC公告 ·  2024/10/30 02:14

Moomoo AI 已提取核心訊息

Crocs Inc. reported Q3 2024 revenues of $1.06 billion, up 1.6% YoY, driven by 7.4% growth in the Crocs Brand to $858.1 million, partially offset by a 17.4% decline in HEYDUDE Brand to $204.1 million. Gross margin expanded 400 basis points to 59.6%, benefiting from lower distribution, product and freight costs. Net income increased 12.9% to $199.8 million, with diluted EPS of $3.36.The company's direct-to-consumer comparable sales showed mixed results, with Crocs Brand up 4.8% while HEYDUDE Brand declined 22.2%. Operating income slightly decreased to $269.8 million from $273.9 million last year, as selling, general and administrative expenses rose 18.1% to $363.5 million due to increased investments in talent and marketing.The company maintained strong liquidity with $186.1 million in cash and $574.2 million in available borrowing capacity. During Q3, Crocs repurchased 1.1 million shares for $151.2 million and reduced total borrowings to $1.42 billion. The company continues to focus on strategic initiatives including global marketing, China expansion, and digital business growth while maintaining tight inventory control.
Crocs Inc. reported Q3 2024 revenues of $1.06 billion, up 1.6% YoY, driven by 7.4% growth in the Crocs Brand to $858.1 million, partially offset by a 17.4% decline in HEYDUDE Brand to $204.1 million. Gross margin expanded 400 basis points to 59.6%, benefiting from lower distribution, product and freight costs. Net income increased 12.9% to $199.8 million, with diluted EPS of $3.36.The company's direct-to-consumer comparable sales showed mixed results, with Crocs Brand up 4.8% while HEYDUDE Brand declined 22.2%. Operating income slightly decreased to $269.8 million from $273.9 million last year, as selling, general and administrative expenses rose 18.1% to $363.5 million due to increased investments in talent and marketing.The company maintained strong liquidity with $186.1 million in cash and $574.2 million in available borrowing capacity. During Q3, Crocs repurchased 1.1 million shares for $151.2 million and reduced total borrowings to $1.42 billion. The company continues to focus on strategic initiatives including global marketing, China expansion, and digital business growth while maintaining tight inventory control.
Crocs Inc. 報告2024年第三季度收入爲10.6億,同比增長1.6%,主要得益於Crocs品牌增長7.4%,達85,810萬,但HEYDUDE品牌下降17.4%,至20,410萬。毛利率擴大400個點子,達到59.6%,受益於較低的分銷、產品和交通成本。凈利潤增加12.9%,達到19,980萬,攤薄後每股收益爲3.36。該公司的直接面向消費者可比銷售結果喜憂參半,Crocs品牌增長4.8%,而HEYDUDE品牌下降22.2%。營業收入略微減少,從去年的27,390萬降至26,980萬,原因是銷售、一般和行政開支增加18.1%,達到36,350萬,因在人才和市場營銷上的投資增加。該公司保持強勁的流動性,現金爲18,610萬,可借款額度爲57,420萬。在第三季度,Crocs回購了110萬股,耗資15,120萬,並將總借款減少至14.2億。公司繼續專注於包括全球營銷、中國擴張和數字業務增長的戰略舉措,同時保持嚴格的庫存控制。
Crocs Inc. 報告2024年第三季度收入爲10.6億,同比增長1.6%,主要得益於Crocs品牌增長7.4%,達85,810萬,但HEYDUDE品牌下降17.4%,至20,410萬。毛利率擴大400個點子,達到59.6%,受益於較低的分銷、產品和交通成本。凈利潤增加12.9%,達到19,980萬,攤薄後每股收益爲3.36。該公司的直接面向消費者可比銷售結果喜憂參半,Crocs品牌增長4.8%,而HEYDUDE品牌下降22.2%。營業收入略微減少,從去年的27,390萬降至26,980萬,原因是銷售、一般和行政開支增加18.1%,達到36,350萬,因在人才和市場營銷上的投資增加。該公司保持強勁的流動性,現金爲18,610萬,可借款額度爲57,420萬。在第三季度,Crocs回購了110萬股,耗資15,120萬,並將總借款減少至14.2億。公司繼續專注於包括全球營銷、中國擴張和數字業務增長的戰略舉措,同時保持嚴格的庫存控制。
声明:本內容僅用作提供資訊及教育之目的,不構成對任何特定投資或投資策略的推薦或認可。 更多信息