Crocs’ third quarter revenues were up14 per cent. Consolidated revenues increased by 57 per cent. Direct-to-consumer comparable sales increased 18 per cent. Crocs brand international revenues grew 43 per cent and North America direct-to-consumer comparable sales rose 13 per cent. Adjusted operating margin was 28 per cent.

HeyDude brand revenues surged 87 per cent. There was double-digit sales growth across all brands and channels. Crocs now expects 2022 consolidated revenues to grow between 49 per cent and 52 per cent compared to 2021.

Based in the US, footwear giant Crocs is confident in its ability to continue to gain significant market share, deliver best-in-class profitability, and generate strong cash flow.

Crocs had planned on 70 per cent of its production coming from Vietnam in 2021, before deciding to move out some output. Many factories in Vietnam's manufacturing hubs have been shut or are operating with drastically fewer on-floor workers since mid-July due to a surge in Delta variant cases, hitting supplies of major clothing companies. The company, known for its rubber clogs, will move production to China, Indonesia and Bosnia, from Vietnam which had become a manufacturing hub for many companies across the world, especially apparel.Crocs hopes to be able to ramp production back up quickly due to the simplicity of its shoes.