Crocs, Inc. (NASDAQ:CROX) shares are trading higher after reporting first-quarter results. The company is reducing revenue expectations for its HEYDUDE unit. The company reported adjusted earnings per share of $3.02, beating the analyst consensus of $2.23.  Quarterly revenues of $939 million beat the street view of $881.712 million. First quarter revenue increased 6% over last year. In the quarter under review, Crocs held inventories worth $392 million compared to $476 million a year ago. Segment-wise, Crocs Brand revenues increased by 14.6% to $744 million, or 15.6% on a constant currency basis, while HEYDUDE brand revenues decreased by 17.2% to $195 million.  “As we continue to prioritize brand health in the North American market for HEYDUDE, and considering what we are seeing quarter-to-date, we are reducing our ...