US footwear firm Crocs’ revenue surges 6.2% in Q1 FY24

Crocs reported a 6.2 per cent increase in Q1 FY24 revenues to $939 million, driven by significant growth in direct-to-consumer sales.
The company’s gross margin improved to 55.6 per cent, while adjusted earnings per share rose by 15.7 per cent to $3.02.
However, the Heydude Brand experienced a downturn, with revenues falling 17.2 per cent.

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