Life Style

American shoe giant Crocs aims to generate $ 5 billion in revenue by 2026

Crocs, the American leader in innovative casual shoes for women, men and children, outlined a five-year growth framework to achieve $ 5 billion in revenue by 2026. The event, attended by CEO Andrew Rees and other members of the Crocs leadership team, outlined long-term strategies and key initiatives for sustainable and profitable growth.

Crocs, the American leader in innovative casual shoes for women, men and children, outlined a five-year growth framework to achieve $ 5 billion in revenue by 2026. An overview of long-term strategies and key initiatives for achieving sustainable and profitable growth.

“We are very proud of our track record of growth and shareholder value creation since we launched the Crocs brand turnaround in 2014.” Andrew Rees, CEO of Crocs, Said in a press release. “In the future, Crocs brand revenue is expected to exceed $ 5 billion by 2026. Maintain industry-leading profitability, generate significant shareholder value and have a positive impact on the planet. However, we are confident that we can achieve this growth, and our community. “

Crocs, the American leader in innovative casual shoes for women, men and children, outlined a five-year growth framework to achieve $ 5 billion in revenue by 2026. An overview of long-term strategies and key initiatives for achieving sustainable and profitable growth.

According to the company, the four key drivers behind the expected growth are digital sales growth, sandal market share gain, growth in Asia, and product and marketing innovation.

Crocs, the American leader in innovative casual shoes for women, men and children, outlined a five-year growth framework to achieve $ 5 billion in revenue by 2026. An overview of long-term strategies and key initiatives for achieving sustainable and profitable growth.

“We expect at least 50% of total revenue to come from digital channels by the end of 2026, as digital remains a top priority,” said Foamshoe Maker. “We expect to achieve high levels of profitability and cash flow as revenue grows. By 2026, non-GAAP operating margins will exceed 26% and annual free cash flow will be $ 1 billion. Is expected to exceed. “

Crocs, the American leader in innovative casual shoes for women, men and children, outlined a five-year growth framework to achieve $ 5 billion in revenue by 2026. An overview of long-term strategies and key initiatives for achieving sustainable and profitable growth.

“The impact on COVID-19 and manufacturing in Vietnam remains fluid, but we repeat the full-year 2021 guidance provided in July, with a combined annual growth rate of 17% that yields over $ 5 billion in revenue. I am confident that we will be able to achieve this by 2026. ” Ann Melman, Chief Financial Officer of Crocs Said.

Crocs, the American leader in innovative casual shoes for women, men and children, outlined a five-year growth framework to achieve $ 5 billion in revenue by 2026. An overview of long-term strategies and key initiatives for achieving sustainable and profitable growth.

Meanwhile, as part of the company’s commitment to achieving Net Zero by 2030, Crocs has begun introducing new bio-based cross-light materials into its iconic product line. The company aims to reduce carbon dioxide emissions per pair of Crocs shoes by 50% by 2030 as part of its overall commitment to becoming a Net Zero brand.

Crocs, the American leader in innovative casual shoes for women, men and children, outlined a five-year growth framework to achieve $ 5 billion in revenue by 2026. An overview of long-term strategies and key initiatives for achieving sustainable and profitable growth.

Crocs will introduce bio-based Crosslite, become a 100% vegan brand by the end of 2021, seek sustainable alternatives to other elements of the package, and through consumer-led donations Crocs We are working on ways to give shoes a second life. , Recycling and recommerce programs.

Fiber2Fashion News Desk (JL)



American shoe giant Crocs aims to generate $ 5 billion in revenue by 2026

Source link American shoe giant Crocs aims to generate $ 5 billion in revenue by 2026

Back to top button