{"id":219026,"date":"2022-11-03T15:07:14","date_gmt":"2022-11-03T15:07:14","guid":{"rendered":"https:\/\/www.theindustry.fashion\/?p=219026"},"modified":"2022-11-03T19:39:31","modified_gmt":"2022-11-03T19:39:31","slug":"crocs-raises-guidance-after-q3-sales-rise","status":"publish","type":"post","link":"https:\/\/www.theindustry.fashion\/crocs-raises-guidance-after-q3-sales-rise\/","title":{"rendered":"Crocs raises guidance after Q3 sales rise"},"content":{"rendered":"
Footwear company Crocs Inc. has reported a 57.4% increase in group revenue to \u00a3878.7 million ($985.1 million) for the third quarter of 2022.<\/strong><\/p>\n <\/p>\n The Crocs<\/a><\/span> brand saw total revenue increase 14.3% to \u00a3638.4 million ($715.7 million), with EMEALA revenue up 26.2% to \u00a3117.6 million ($131.9 million). Wholesale rose by 14.1% and DTC by 18.2%.<\/p>\n Gross margin for the Crocs brand was 57.3%, 660 basis points lower than Q3 2021. This was driven by 200 basis points of inflationary costs and 270 basis points of higher freight and inventory handling costs.<\/p>\n