Crocs raises 2023 revenue guidance to $4B after strong first quarter

BROOMFIELD — Crocs Inc.’s (Nasdaq: CROX) has raised its full-year 2023 sales projections after posting earnings of $149 million on sales of $884.2 million — a year-over-year increase of  33.9% — in the first quarter of 2023.

“Our exceptional first quarter results are a testament to the strength of our brands. The Crocs Brand grew 19% as we see a strong consumer response to our new clog and sandal introductions. The Heydude brand is gaining momentum and experiencing outstanding DTC growth,” Crocs CEO Andrew Rees said in a prepared statement. “We are raising our 2023 revenue growth outlook to now be…