Crocs Inc. reports record Q1 revenue, raising 2024 adjusted EPS guidance, with Crocs Brand revenue increasing 14.6%, while Heydude revenue falls 17.2%.

Crocs Inc. reports record Q1 revenue and raises its 2024 adjusted EPS guidance to $12.25-$12.73. Q1 revenues rose 6.2% YoY to $938.63M, with Crocs Brand revenue increasing 14.6% to $744M. Heydude revenue fell 17.2% to $195M, causing the company to lower expectations for the brand's sales this year to fall 8-10%. CEO Andrew Rees remains confident in the long-term opportunity for the Heydude brand.