Net income dropped 27% to $145,816,000 from $199,801,000 on a 6% revenue decline to $996,301,000 from $1,062,200,000 for the third quarter, as companywide direct-to-consumer growth of 2% was offset by a 15% drop in wholesale. Crocs brand sales dipped 3% to $836.2 million, with DTC up 2% to $471.9 million and wholesale down 8% to $364.4 million. The new Crafted Clog launched in the quarter, while sandals outperformed, and the NFL collaboration launch saw strong sell-through across channels.

North American sales dropped 9% to $447.7 million as a digital marketing pullback saw ... Log in to view full article.