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| Year | Revenue, in million USD |
|---|---|
| 2023 | 3,962.35 |
| 2022 | 3,554.99 |
| 2021 | 2,313.42 |
| 2020 | 1,385.95 |
| 2019 | 1,230.59 |
| 2018 | 1,088.21 |
| 2017 | 1,023.51 |
| 2016 | 1,036.27 |
| 2015 | 1,090.63 |
| 2014 | 1,198.22 |
- Source: Crocs - Net revenue
- Region: Worldwide
- Time period: 2014 to 2023
- Published: Feb 2024
Data Analysis and Insights
Revenue Growth from 2020 to 2023
Crocs, Inc's net revenue witnessed a substantial increase, climbing from 1,385.95 million USD in 2020 to 3,962.35 million USD in 2023. This growth highlights a remarkable rise of 186% over three years, showcasing the brand's significant expansion and consumer demand.Comparative Yearly Growth
The annual growth rates demonstrate variability, with the year-over-year increase peaking at 54.5% from 2020 to 2021. Subsequent years, however, saw more moderated growth rates of 53.5% in 2022 and 11.5% in 2023, indicating a gradual normalization of growth pace.Revenue Recovery and Expansion Post-2016
Following a slight dip to 1,036.27 million USD in 2016, Crocs' revenue embarked on a recovery path, reaching 1,090.63 million USD in 2015 before achieving continuous growth. The period from 2017 onwards marks a consistent upward trajectory, highlighting successful recovery and expansion strategies.Long-term Revenue Growth
Over the decade from 2014 to 2023, Crocs' net revenue more than tripled, increasing from 1,198.22 million USD to 3,962.35 million USD. This translates to an overall growth of more than 230%, underscoring the brand's long-term market strength and increasing consumer appeal.Stabilization of Revenue Growth Rates
A closer look at the annual revenue figures reveals a trend toward stabilization in growth rates. After experiencing substantial increases, the growth rate in 2023 moderated to 11.5%. This could suggest a maturing market presence or the culmination of a rapid expansion phase.Impact of the 2020 Pandemic Year
The year 2020 stands out as a pivotal moment for Crocs, Inc., marking the beginning of a steep upward trend in revenue growth. Despite global economic challenges, the company managed to increase its revenue by 54.5% in the following year, indicating strong consumer engagement and effective adaptation strategies during the pandemic.Frequently Asked Questions
How much did Crocs, Inc's net revenue increase in recent years?
Over the decade, Crocs' net revenue more than tripled, increasing from 1,198.22 million USD to 3,962.35 million USD, a growth of more than 230%.
Terms and Definitions
Crocs, Inc is a global casual footwear company engaged in the design, manufacturing, and marketing of shoes for men, women, and children. They are best known for their eponymous style of footwear which is made from a proprietary Closed-Cell Resin, Croslite™, and represents a significant portion of the company's sales.
Net Revenue refers to a company's total earnings minus deductions such as discounts, allowances, returns, and other costs directly related to the sale of goods and services. It is often considered the "true income" of a business because it takes into account the money lost to expenses related to a product's delivery to a customer.
Gross Revenue, often referred to simply as 'sales', represents the total revenue generated by a business from its primary activities before any costs or expenses are deducted. Gross revenue is typically the first figure given in a company's profit and loss account.
Profit Margin is a financial metric used to gauge the profitability of a business. It is calculated by finding the net profit as a percentage of the revenue. Higher profit margins indicate greater profitability.
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