Crocs Expects Record Revenues of $3 Billion in 2022
January 11, 2023
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Crocs Intrinsic Value – Crocs ($NASDAQ:CROX) Inc. is a publicly traded company specializing in the manufacturing and retailing of foam clogs and other footwear. Crocs Inc. recently announced that, prior to their presentation at the upcoming ICR Conference on Tuesday, they have updated their guidance to anticipate record 2022 revenues of around $3 billion. This would put Crocs Inc. on track to become one of the most successful companies in the footwear industry. The news of Crocs Inc.’s projected record revenues of $3 billion has been welcomed by investors and analysts alike, who have been impressed with the company’s consistent growth and strong financial performance over the years. The company’s success can be attributed to its focus on innovation, diversity, and sustainability in its product offerings and customer service. The company has also made strides in expanding its product line to appeal to a wider range of customers, from young children to adults.
In addition, Crocs Inc. has launched a number of successful campaigns designed to raise awareness of their brand, such as their “One World Collection” featuring shoes from around the world and their “Lace Up For Change” initiative supporting social justice causes. As the company continues to innovate and expand its product offerings, investors are sure to be pleased with their strong financial performance.
Price History
On Tuesday, CROCS stock opened at $112.2 and closed at $115.3, up by 1.6% from previous closing price of 113.4. This is due to the company’s announcement that it expects to set a record revenue of $3 billion in 2022, a goal that the company anticipates to achieve by expanding its product portfolio and increasing its presence in global markets. The company’s goal of achieving $3 billion in revenue is an ambitious one, but CROCS is confident that they can reach it by focusing on strategic investments in the areas of product design, e-commerce, and digital marketing.
Additionally, CROCS has invested heavily in expanding its presence in global markets such as Asia, South America, and Europe. The company has also invested heavily in creating a strong e-commerce presence by partnering with major online retailers such as Amazon and Walmart. This has allowed them to reach a larger customer base and increase their sales. Furthermore, CROCS has focused on improving its digital marketing strategy by creating advertisements that are targeted towards specific consumers based on their interests. CROCS is confident that its strategic investments in product design, e-commerce, and digital marketing will help them achieve their goal of setting a record $3 billion in revenue in 2022. The company’s stock closing at $115.3 is a good indication of investors’ confidence in CROCS’ ability to reach this goal. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Crocs. More…
| Total Revenues | Net Income | Net Margin |
| 3.2k | 557.28 | 17.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Crocs. More…
| Operations | Investing | Financing |
| 458.69 | -2.16k | 1.41k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Crocs. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 4.54k | 3.91k | 10.22 |
Key Ratios Snapshot
Some of the financial key ratios for Crocs are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 39.3% | 93.9% | 24.7% |
| FCF Margin | ROE | ROA |
| 10.9% | 88.1% | 10.9% |
VI Analysis – Crocs Intrinsic Value
CROCS is a company that focuses on producing footwear and accessories. Its fundamentals reflect its long-term potential, and this can be seen through the analysis presented by VI app. According to the analysis, the intrinsic value of CROCS share is around $126.1. This is calculated by VI Line, a tool that aids in making informed decisions when it comes to investments. This means that investors can potentially gain by investing in CROCS stock at the current price. Furthermore, the company has a strong market presence and is well-positioned to take advantage of opportunities in the future. As such, it is a good option for those looking to make long-term investments. More…
VI Peers
Its competitors are Nike Inc, Skechers USA Inc, and Wolverine World Wide Inc.
– Nike Inc ($NYSE:NKE)
Nike is one of the largest sporting goods companies in the world. They design, develop, and manufacture footwear, apparel, and equipment for a variety of sports and fitness activities. Nike’s market cap as of 2022 is 138.47B. Their return on equity is 25.1%. Nike’s products are sold in over 190 countries worldwide.
– Skechers USA Inc ($NYSE:SKX)
Skechers USA Inc has a market cap of 5.44B as of 2022, a Return on Equity of 10.49%. The company is engaged in the design, development, marketing and sale of footwear for men, women and children.
– Wolverine World Wide Inc ($NYSE:WWW)
Wolverine World Wide Inc is a footwear company that designs, manufactures, and markets a range of shoes for men, women, and children. The company has a market cap of 1.3B as of 2022 and a Return on Equity of 18.81%. Wolverine World Wide is a publicly traded company on the New York Stock Exchange (NYSE) under the ticker symbol WWW. The company was founded in 1883 and is headquartered in Rockford, Michigan.
Summary
CROCS Inc. is a rapidly growing company, with analysts predicting record revenue of $3 billion in 2022. Investors are attracted to the company’s innovative and comfortable shoes, as well as their successful marketing strategy. The stock price has been steadily climbing, providing potential investors with opportunities for capital gains. With the company’s current prospects and potential for growth, CROCS offers an attractive investment opportunity for those looking for long-term growth and income.
