Crocs expects sales to top $3.5B in record 2022

BROOMFIELD — Crocs Inc. (Nasdaq: CROX) expects to take its biggest bite ever from the global footwear sales pie, projecting this week 2022 full-year revenues of $3.55 billion.

That record sales total would represent 53% growth over 2021 revenues. 

“2022 was an exceptional year for Crocs, Inc., with strong consumer demand for both the Crocs and Heydude brands driving expected 53% revenue growth. We are also pleased to have made significant progress on deleveraging, as we have reduced borrowings by approximately $500 million since acquiring Heydude in early 2022,” Crocs CEO Andrew Rees said in a prepared statement.

Looking ahead, Crocs expects to…