Crocs’ APAC revenue soars 65.5% YoY in Q3

It has 153 stores across the region.

US-based footwear firm Crocs posted a 65.5% year-on-year (YoY) increase in revenue in the Asia Pacific (APAC) region to around $138.5m, the highest growth recorded per segment and channel.

The total revenue of the Crocs Brand increased 14.3% to $715.7m. North America accounted for the highest share in revenues at $445.3m or a 1.7% YoY increase. Revenue from Europe, the Middle East, Africa, and Latin America (EMEALA), grew 26.2% to $131.9m.

Meanwhile, HEYDUDE brand, which it acquired on 17 February 2022, saw a revenue of around $269.4m.

READ MORE: What APAC cross-border shoppers look for in a brand

Overall, Crocs ‘ revenue increased by 57.4% YoY $985.1m, whilst its net income increased by 10.3% to $169.3m.

For the full year, Crocs expects its consolidated revenue to reach between $3.455b to $3.520b or a YoY growth between 49% and 52%.

Crocs has 353 retail locations as of 30 September, 178 of which were in North America, 153 in APAC, and 22 in EMEALA.