Crocs' annual net revenue was a record $3,6 billion, up 53,7% from 2021. The fourth quarter of the financial year was especially successful, when revenue grew by 61,1% year-on-year and reached $945,2 million, writes Footwearnews.com
Crocs brand revenue for the year was $2,7 billion, up 19% (excluding currency fluctuations). And the brand Hey Dude (approx. Ed .: presented at the Euro Shoes shoe exhibition in Moscow), which Crocs has owned for a full year, 2022 revenue beat initial expectations to nearly $1 billion.
In the fourth quarter, Crocs sold 27 million pairs of shoes, up 20,8% year-over-year, at an average selling price of $23,95. For the full year, clogs accounted for 77% of the brand's revenue, sandals 12%, and Jibbitz's sales grew 27% to account for 8% of the brand's revenue.
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