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Crocs’ revenues to grow to $6 billion by 2026

  

Revenue of US footwear company Crocs, are expected to touch $6 billion by 2026. The company’s revenues grew by 66.9 per cent to $2.3 billion in 2021 as sales surged across all geographic zones. Sales of the Broomfield, Colorado-based company grew 85.9 per cent to reach $1.6 billion in its native Americas market on a constant currency basis, while revenues in Asia Pacific grew by 21.5 per cent to $350.2 million. Revenues from Europe, Middle East, and Africa grew by 41.7 per cent to $356.2 million in 2021.

Revenue from the direct-to-consumer channel grew 64.4 per cent to $1.1 billion compared to $693 million last year. On the other hand, revenue from the wholesale channel grew 69.4 per cent to $692.9 million in 2020. Digital sales grew 47.6 per cent in 2021 while net income grew to $725.7 million for the year, compared to $312.9 million in 2020. Diluted earnings per share increased by 149.8 per cent to $11.39 per share.

The company revenues grew by 42.6 per cent in fourth-quarter to $586.6 million. The growth was fuelled by a continued strong demand from consumers. The company expects the acquisition of Heydude to complete. Both Heydude and Crocs brands will contribute to the company's total sales growth targets in the next four years.

 
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