The US shoe provider Crocs Inc. presented its financial results for the first quarter of 2025 on Thursday. Accordingly, despite the world’s difficult framework conditions, the group was able to exceed expectations. Due to the unpredictable development of the current global market environment and the uncertainty of consumers: Inside, however, the company decided to withdraw its annual forecasts for 2025.
The company reported consolidated sales of $ 937 million (829 million euros) for the first quarter. This remained stable compared to the same period last year, but they rose by 1.4 percent. Sales in their own retailers rose by 2.3 percent, while they were slightly returned by 1.6 percent in wholesale business.
The Crocs brand again achieved strong results and, with an increase of 2.4 percent (currency-adjusted +4.2 percent) to $ 762 million, contributed significantly to the overall sales of the group. In contrast, the revenue in the Heydude brand fell by 9.8 percent (currency -adjusted -9.5 percent) to $ 176 million.
Andrew Rees, the Chief Executive Officer (CEO) from Crocs Inc., said: “We are happy as a whole about our business development in April, but the new global trade environment and the uncertainty in the economy and the consumers have made it difficult to predict in the future. In view of these exacerbated business conditions, we withdraw our prognosis.”
Despite these uncertainties, Crocs continued to be confident that they could master the impending challenges. “We have already successfully proven that we can emerge strengthened from times of uncertainty,” emphasized Rees. “I think the current reality offers an opportunity to gain market shares by concentrating on what we can control and use our clear competitive advantages.”
In the course of the quarter, the company poured $ 61 million through stock returns to the shareholders: on the inside and at the same time could preserve a solid balance sheet.
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