Crocs (NASDAQ:CROX) Releases Earnings Results, Beats Expectations By $0.20 EPS

Crocs (NASDAQ:CROX) posted its quarterly earnings data on Thursday. The textile maker reported $4.55 EPS for the quarter, beating analysts’ consensus estimates of $4.35 by $0.20, FiscalAI reports. Crocs had a negative net margin of 2.58% and a positive return on equity of 48.29%. The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same period in the prior year, the firm posted ($8.82) EPS. The company’s quarterly revenue was up 2.6% on a year-over-year basis. Crocs updated its FY 2026 guidance to 13.700-14.000 EPS and its Q3 2026 guidance to 3.200-3.300 EPS.

Here are the key takeaways from Crocs’ conference call:

• Record second-quarter revenue reached $1.2 billion, up 2% year over year, with the Crocs brand exceeding $1 billion in quarterly sales for the first time and growing 4%.
• Crocs’ international revenue rose 7%, led by double-digit growth in China, India, and Japan, while North America returned to slight growth; management highlighted strong momentum in sandals, diversified clog franchises, ballet flats, and direct-to-consumer channels.
• HEYDUDE revenue declined 6% to $179 million but exceeded expectations, with direct-to-consumer sales up 7% and management expressing confidence that the brand will return to growth in the second half of 2026.
• Full-year guidance was raised to 1%-2% enterprise revenue growth, Crocs brand growth of 2%-3%, HEYDUDE revenue down 2%-4%, and adjusted EPS of $13.70-$14.00, up from the prior $13.20-$13.75 range.
• Tariffs reduced second-quarter adjusted gross margin by 160 basis points and enterprise margin fell 170 basis points to 60%; although cost savings and pricing are expected to offset some pressure, the outlook still assumes additional tariff-related uncertainty.
• The board authorized an additional $1.5 billion share-repurchase program, bringing total available authorization to approximately $2 billion; the company also repurchased $251 million of stock and paid down $31 million of debt during the quarter.

Crocs Stock Up 2.3%

NASDAQ CROX traded up $2.82 on Friday, hitting $126.48. 823,476 shares of the company were exchanged, compared to its average volume of 1,236,432. The company has a current ratio of 1.67, a quick ratio of 1.04 and a debt-to-equity ratio of 0.93. The company has a market cap of $6.28 billion, a PE ratio of -91.40, a PEG ratio of 1.38 and a beta of 1.55. The stock has a fifty day moving average of $125.50 and a 200-day moving average of $103.19. Crocs has a 12 month low of $73.21 and a 12 month high of $140.42.

Insiders Place Their Bets

In other news, CEO Andrew Rees sold 32,688 shares of the stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $118.09, for a total transaction of $3,860,125.92. Following the transaction, the chief executive officer owned 743,293 shares of the company’s stock, valued at $87,775,470.37. This represents a 4.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 3.10% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in CROX. Parallel Advisors LLC boosted its holdings in Crocs by 60.2% in the third quarter. Parallel Advisors LLC now owns 495 shares of the textile maker’s stock worth $41,000 after acquiring an additional 186 shares in the last quarter. National Bank of Canada FI raised its position in shares of Crocs by 597.3% during the third quarter. National Bank of Canada FI now owns 774 shares of the textile maker’s stock worth $65,000 after purchasing an additional 663 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Crocs by 159.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 746 shares of the textile maker’s stock worth $79,000 after purchasing an additional 459 shares during the period. Wexford Capital LP bought a new position in shares of Crocs in the 3rd quarter worth $84,000. Finally, EverSource Wealth Advisors LLC grew its position in Crocs by 278.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 862 shares of the textile maker’s stock valued at $87,000 after purchasing an additional 634 shares during the period. 93.44% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Crocs

Here are the key news stories impacting Crocs this week:

• Positive Sentiment: Record Q2 performance: Revenue rose 2.6% year over year to $1.179 billion, exceeding expectations, while adjusted EPS of $4.55 beat consensus estimates. The Crocs Brand surpassed $1 billion in quarterly revenue for the first time. Crocs Q2 Results
• Positive Sentiment: Full-year outlook raised: Crocs increased its fiscal 2026 adjusted EPS forecast to $13.70–$14.00, slightly above analyst expectations, while maintaining revenue growth guidance of approximately 1%–2%.
• Positive Sentiment: Shareholder returns and analyst support: The company expanded its share-repurchase authorization by $1.5 billion, leaving approximately $2 billion available. Monness Crespi & Hardt raised its price target to $160 and assigned a Buy rating, while Bank of America reiterated its Buy rating and $160 target. Bank of America Crocs Rating
• Neutral Sentiment: Growth is uneven: International and direct-to-consumer demand supported results, but HEYDUDE revenue declined 5.7% to $179 million. Investors are also monitoring whether margin expansion can offset tariff-related costs. Crocs Growth and Margin Pressure
• Negative Sentiment: Near-term guidance disappointed: Third-quarter adjusted EPS guidance of $3.20–$3.30 and revenue guidance of roughly $996 million were below Wall Street expectations. The weaker outlook, along with tariffs and continued HEYDUDE weakness, initially overshadowed the Q2 beat and caused the stock to slide. Crocs Shares Slide on Outlook

Wall Street Analysts Forecast Growth

CROX has been the topic of several recent analyst reports. UBS Group restated a “neutral” rating and issued a $120.00 target price on shares of Crocs in a report on Friday. Barclays increased their price target on Crocs from $110.00 to $118.00 and gave the stock an “equal weight” rating in a report on Friday. Piper Sandler reissued an “overweight” rating on shares of Crocs in a research note on Friday. Wells Fargo & Company began coverage on Crocs in a research report on Monday, June 8th. They set a “buy” rating on the stock. Finally, Monness Crespi & Hardt raised their target price on Crocs from $130.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $135.09.

About Crocs

Crocs, Inc is a global footwear designer, developer and distributor best known for its lightweight, proprietary Croslite™ foam-clog construction. The company’s product portfolio encompasses a range of styles, including clogs, sandals, slides, boots and sneakers, all featuring the slip-resistant, odor-resistant and cushion-providing qualities of the Croslite material. Crocs distributes its products through an omnichannel network that includes e-commerce platforms, company-owned retail stores, authorized dealers and wholesale partners.

Founded in 2002 by Scott Seamans, Lyndon “Duke” Hanson and George Boedecker Jr., Crocs launched its first clog on the island of Vail, Colorado.