Will Hey Dude Help Crocs Reach $5 Billion in Sales by 2026?

Footwear News2021-12-28

Crocs made its largest acquisition to date last week when it inked a deal to acquire the privately-owned footwear brand Hey Dude. The deal is valued at $2.5 billion and expected to close in Q1 of 2022...

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精彩评论

patrickLai
2021-12-28
patrickLai
Good
Machine23
2021-12-28
Machine23
Ok
- patrickLai:
  good
- Machine23:
  ok
Tony stark
2021-12-28
Tony stark
It most probably would if not you wouldn't be asking this question ;)
- lizzy04:
  heh

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While Hey Dude is privately owned, Crocs pointed out the company’s impressive growth in revenue and profits in recent years. 43% of Hey Dude’s sales are currently online and the brand projects $570 million in revenue in 2021.\nCrocs is confident that Hey Dude will help contribute to its recent revenue growth and align with its previously stated goal to help Crocs achieve$5 billion in sales by 2026.Crocs plans to make Hey Dude a $1 billion brand by 2024.\nWhile executives seemed confident in achieving these goals, investors initially appeared more hesitant. In the wake of the announcement on Thursday, shares of Crocs dropped close to 12%, suggesting concern and uneasiness.\nHowever, some analysts eased investor fear and projected strong results from the acquisition.\nWilliams Trading analyst Sam Poser said in a recent note that despite the reactive stock drop, the deal “will prove very accretive” to Crocs. 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Former CCM Hockey CEO Rick Blackshaw has been tapped as Hey Dude’s new EVP and brand president.\n“In upcoming quarters, we are optimistic that Crocs can prove continued strong execution as the company has as a mono-brand operator, which should reinforce investor confidence in the growth outlook and support higher valuation over time,” Komp wrote.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":696601923,"gmtCreate":1640674012432,"gmtModify":1640674012552,"author":{"id":"3585604372962377","authorId":"3585604372962377","name":"patrickLai","avatar":"https://static.tigerbbs.com/baedd77ad7c3a28da1ae2ecc8b2e88aa","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3585604372962377","authorIdStr":"3585604372962377"},"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/696601923","repostId":1120855192,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":696854511,"gmtCreate":1640669455144,"gmtModify":1640669897298,"author":{"id":"3574907279320575","authorId":"3574907279320575","name":"Machine23","avatar":"https://static.tigerbbs.com/4e7c812dbe184947690c36d45b6469be","vip":1,"crmLevel":7,"crmLevelSwitch":0,"idStr":"3574907279320575","authorIdStr":"3574907279320575"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/696854511","repostId":1120855192,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":7126236,"gmtCreate":1640674006124,"gmtModify":1640674006225,"authorId":3585604372962377,"author":{"id":3585604372962377,"idStr":"3585604372962377","authorId":3585604372962377,"name":"patrickLai","avatar":"https://static.tigerbbs.com/baedd77ad7c3a28da1ae2ecc8b2e88aa","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":696854511,"type":1,"supId":0,"prevId":0,"content":"good","text":"good","html":"good"},{"id":7125866,"gmtCreate":1640669459439,"gmtModify":1640669459471,"authorId":3574907279320575,"author":{"id":3574907279320575,"idStr":"3574907279320575","authorId":3574907279320575,"name":"Machine23","avatar":"https://static.tigerbbs.com/4e7c812dbe184947690c36d45b6469be","vip":1,"crmLevel":7,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":696854511,"type":1,"supId":0,"prevId":0,"content":"<u>ok</u>","text":"<u>ok</u>","html":"<u>ok</u>"}],"langContent":"CN"},{"id":696856689,"gmtCreate":1640668835507,"gmtModify":1640669323734,"author":{"id":"4100837052174190","authorId":"4100837052174190","name":"Tony stark","avatar":"https://static.tigerbbs.com/450fbc48a972ed20536a681150e45e76","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"4100837052174190","authorIdStr":"4100837052174190"},"htmlText":"It most probably would if not you wouldn't be asking this question ;)","listText":"It most probably would if not you wouldn't be asking this question ;)","text":"It most probably would if not you wouldn't be asking this question ;)","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/696856689","repostId":1120855192,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":7125887,"gmtCreate":1640669773905,"gmtModify":1640669773940,"authorId":3582761710994135,"author":{"id":3582761710994135,"idStr":"3582761710994135","authorId":3582761710994135,"name":"lizzy04","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":9,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":696856689,"type":1,"supId":0,"prevId":0,"content":"heh","text":"heh","html":"heh"}],"langContent":"CN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":13,"commentSize":3,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"deviceId":"web-server-community-laohu8-v3","version":"4.29.4","shortVersion":"4.29.4","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1120855192"}