US footwear giant Crocs’ revenue surges 6.2% in Q3 FY23

US footwear giant Crocs reported a revenue increase of 6.2 per cent to $1,045.7 million in Q3 FY23, buoyed by strong DTC sales despite a decline in wholesale.
Gross margin improved, though operating margin slightly decreased.
The Crocs brand saw significant increase across all regions in Q3 FY23, while the Heydude brand faced a revenue drop.

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