Crocs' GAAP net income for 3 months of 2022 was $72.76 million, down 26.1% from $98.398 million in the prior year. Revenue increased 43.5% to $660.148 million from $460.098 million a year earlier.

Crocs has completed its acquisition of casual footwear brand Heydud for $2.5 billion. Crocs paid $2.05 billion in cash and $450 million in its common stock.

Crocs' GAAP net income for 2021 was $725.694 million, up 2.3 times from $312.861 million in the previous year. Revenue increased 66.9% to $2.313 billion from $1.386 billion a year earlier.

Crocs acquires casual footwear brand Heydud for $2.5 billion. Crocs will pay $2.05 billion in cash and $450 million in its common stock. The deal is scheduled to close in Q1 2022.