BROOMFIELD, Colo. - Crocs , Inc. (NASDAQ: NASDAQ:CROX), known for its range of innovative casual footwear, announced today the appointment of Susan Healy as the new Executive Vice President and Chief Financial Officer, effective June 3. The announcement comes as the company also reports its fiscal first-quarter earnings.
Healy, with her extensive financial background, will succeed Anne Mehlman, who has been promoted to President of the Crocs Brand. Mehlman will continue in her role as CFO until Healy assumes the position. With over 30 years of experience, Healy is expected to bring a wealth of knowledge to Crocs, having served as CFO for IAA, Inc., where she played a pivotal role in a significant merger, and held senior financial roles at Ulta Beauty (NASDAQ:ULTA) and Goldman Sachs (NYSE:GS).
Andrew Rees, CEO of Crocs, expressed his enthusiasm for Healy's appointment, highlighting her financial leadership and operational experience across several industries as invaluable assets to the company's executive team. Healy, a Wall Street veteran, will oversee financial planning, accounting, investor relations, tax, internal audit, and corporate development.
In her statement, Healy acknowledged the strength of Crocs, noting its exceptional free-cash-flow and industry-leading margins, and expressed eagerness to contribute to the company's profitable growth and shareholder returns.
The appointment is part of Crocs' ongoing leadership transition and strategic planning. The company, headquartered in Broomfield, Colorado, operates the Crocs and HEYDUDE brands, with products available in over 85 countries.
This leadership change is based on a press release statement and coincides with the company's latest earnings report issued today. As Crocs continues to navigate the competitive footwear market, the addition of Susan Healy as CFO is expected to play a key role in the company's future financial strategy and performance.
InvestingPro Insights
As Crocs, Inc. (NASDAQ: CROX) welcomes Susan Healy into its financial helm, the company's financial metrics paint an interesting picture for investors. According to InvestingPro data, Crocs is currently trading at a P/E ratio of 9.81, which adjusts slightly to 9.61 when looking at the last twelve months as of Q4 2023. This valuation indicates that the stock may be trading at a low price relative to its near-term earnings growth, a potential signal for value investors.
The company's revenue growth also stands out, with an increase of 11.46% over the last twelve months as of Q4 2023, reflecting a robust financial performance. Moreover, the stock has demonstrated strong returns, with a 26.67% price total return over the last three months and a remarkable 50.04% over the last six months. These figures suggest a significant price uptick and may indicate investor confidence in the company's direction and growth potential.
InvestingPro Tips highlight that Crocs operates with a moderate level of debt and does not pay a dividend to shareholders. This could be important for investors who prioritize growth potential over immediate income. For those interested in delving deeper into Crocs' financials and future outlook, InvestingPro offers additional insights. There are 11 InvestingPro Tips available for Crocs, which can be accessed at https://www.investing.com/pro/CROX. To enhance your investment research experience, use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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