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Crocs (CROX)

Earnings summaries and quarterly performance for Crocs.

Recent press releases and 8-K filings for CROX.

Crocs, Inc. Reports Q3 2025 Results with Revenue Decline and Strategic Adjustments
CROX
Earnings
Guidance Update
Share Buyback
  • Crocs, Inc. reported Q3 2025 revenue of approximately $1 billion, a 7% decrease year-over-year, with the Crocs brand revenue down 3% to $836 million and HEYDUDE brand revenue down 22% to $160 million.
  • The company delivered an adjusted operating margin of 20.8%, exceeding its guidance of 18%-19%, but adjusted diluted earnings per share decreased 19% to $2.92 compared to the prior year.
  • Strategic actions included a pullback on promotions for the Crocs brand in North America and accelerated inventory cleanup for the HEYDUDE brand, which impacted near-term sales but are expected to build a foundation for future growth.
  • Crocs, Inc. repurchased 2.4 million shares for $203 million and paid down $63 million of debt during Q3 2025, while also identifying an additional $100 million in gross cost savings for 2026.
  • For Q4 2025, the company anticipates total revenue to be down approximately 8%, with the Crocs brand down approximately 3% and HEYDUDE down in the mid-20% range, and expects an adjusted operating margin of approximately 15.5%.
Oct 30, 2025, 12:30 PM
Crocs, Inc. Reports Q3 2025 Financial Results and Provides Q4 Outlook
CROX
Earnings
Guidance Update
Demand Weakening
  • Crocs, Inc. reported Q3 2025 revenue of approximately $1 billion, a 7% decrease year-over-year, with the Crocs brand down 3% and HEYDUDE brand down 22%. Adjusted diluted earnings per share for the quarter was $2.92, a 19% decrease from the prior year.
  • The adjusted operating margin for Q3 2025 was 20.8%, which included a 230 basis point tariff headwind on gross margin. Strategic actions taken include a promotional pullback for the Crocs brand in North America and wholesale cleanup for HEYDUDE, alongside identifying $100 million in incremental gross cost savings for 2026.
  • During Q3 2025, the company repurchased 2.4 million shares of common stock for a total of $203 million and paid down $63 million of debt. For Q4 2025, revenue is expected to be down approximately 8%, with an adjusted operating margin of approximately 15.5%.
Oct 30, 2025, 12:30 PM
Crocs, Inc. Reports Q3 2025 Results and Provides Q4 Outlook
CROX
Earnings
Guidance Update
Share Buyback
  • Crocs, Inc. reported a Q3 2025 adjusted operating margin of 20.8% and adjusted diluted EPS of $2.92. During the quarter, the company repurchased 2.4 million shares for $203 million and paid down $63 million of debt.
  • For Q4 2025, the company expects total revenue to be down approximately 8%, with the Crocs brand down about 3% and HEYDUDE revenue down in the mid-20% range. The adjusted operating margin is projected to be approximately 15.5%, and full-year adjusted diluted EPS is expected in the range of $1.82-$1.92.
  • The company has identified $100 million of incremental gross cost savings for 2026, in addition to $50 million for 2025, focusing on supply chain efficiencies, structural reorganization, and vendor consolidation.
  • Strategic actions include a pullback on promotions and reduced wholesale receipts for the Crocs brand in North America to protect brand health, and ongoing marketplace cleanup for HEYDUDE, which involved taking back aged inventory in Q3 and further discount support in Q4.
  • Tariffs continue to be a significant headwind, contributing approximately 230 basis points to Q3 gross margin and expected to drive gross margins down approximately 300 basis points in Q4.
Oct 30, 2025, 12:30 PM
Crocs, Inc. Reports Q3 2025 Results and Provides Q4 2025 Outlook
CROX
Earnings
Guidance Update
Share Buyback
  • Crocs, Inc. reported consolidated revenues of $996 million for Q3 2025, a 6.2% decrease compared to the prior year.
  • Adjusted diluted earnings per share (EPS) decreased 18.9% year-over-year to $2.92 in Q3 2025.
  • During Q3 2025, the company repurchased approximately 2.4 million shares for $203 million and repaid $63 million of debt.
  • For Q4 2025, Crocs, Inc. anticipates revenues to be down approximately 8% and adjusted diluted EPS to be in the range of $1.82 to $1.92.
  • Management announced an incremental $100 million of gross cost savings targeted for 2026, in addition to the $50 million planned for 2025.
Oct 30, 2025, 11:03 AM
Crocs, Inc. Reports Third Quarter 2025 Results and Provides Fourth Quarter Outlook
CROX
Earnings
Guidance Update
Share Buyback
  • Crocs, Inc. reported consolidated revenues of $996 million for the third quarter of 2025, representing a 6.2% decrease compared to the same period last year.
  • Diluted earnings per share for Q3 2025 were $2.70, a 19.6% decrease, while adjusted diluted earnings per share were $2.92, down 18.9%.
  • During the quarter, the company repurchased approximately 2.4 million shares for $203 million and repaid $63 million of debt.
  • For the fourth quarter of 2025, Crocs expects revenues to be down approximately 8% and adjusted diluted earnings per share to be in the range of $1.82 to $1.92.
Oct 30, 2025, 11:00 AM
Crocs Announces CFO Transition and Reaffirms Q3 Guidance Amidst Strategic Adjustments
CROX
CFO Change
Guidance Update
Demand Weakening
  • Crocs announced the appointment of Patrick Reagan as its new CFO, effective September 22.
  • The company reaffirmed its Q3 guidance, projecting overall sales to decline 9% to 11%, with the majority of this compression coming from Hey Dude, and the Crocs brand experiencing low single-digit declines.
  • Management noted increasing caution from consumers, particularly the moderate segment, leading to strategic actions such as reducing discounts on the Crocs brand and cleaning up Hey Dude's distribution.
  • Crocs anticipates a $90 million headwind from tariffs in 2026 and clarified that its long-term 24% margin target is not expected in 2025 due to the non-normalized trading environment.
Sep 3, 2025, 8:26 PM