Crocs (NASDAQ:CROX) Posts Earnings Results, Beats Estimates By $0.23 EPS

Crocs (NASDAQ:CROX) announced its earnings results on Thursday. The textile maker reported $2.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.76 by $0.23, FiscalAI reports. Crocs had a positive return on equity of 45.17% and a negative net margin of 2.01%.The firm had revenue of $921.46 million for the quarter, compared to analyst estimates of $899.62 million. During the same quarter last year, the firm posted $3.00 EPS. The business’s revenue was down 1.7% on a year-over-year basis. Crocs updated its Q2 2026 guidance to 4.150-4.350 EPS and its FY 2026 guidance to 13.200-13.750 EPS.

Here are the key takeaways from Crocs’ conference call:

• We delivered a better‑than‑expected Q1 with enterprise revenue of $921 million, strong DTC growth (Crocs DTC +11%, HEYDUDE DTC +8%), best‑in‑class inventory turns above 4x and quarter‑to‑date share repurchases of 800,000 shares ($74M) underway.
• Product newness and category diversification are driving momentum—reintroduced clog franchises, sandals that management expects to approach a half‑billion dollars this year, and high‑profile collaborations (Lego, LoveShackFancy, Disney) that sold out or drove significant engagement.
• Management flagged headwinds from the war in the Middle East—reduced distributor sales in the region plus higher transportation and resin costs from elevated oil/prices are embedded in guidance and add near‑term margin pressure and macro uncertainty.
• Guidance was updated modestly optimistic—full‑year enterprise revenue now expected roughly flat (+1% to -1%), HEYDUDE guidance improved (down ~5%–7%), and adjusted EPS raised to $13.20–$13.75 with management expecting modest operating‑margin expansion.

Crocs Price Performance

Shares of Crocs stock traded up $1.84 during trading hours on Thursday, reaching $101.98. 1,760,896 shares of the company’s stock were exchanged, compared to its average volume of 1,280,192. Crocs has a 1 year low of $73.21 and a 1 year high of $122.84. The company has a market capitalization of $5.10 billion, a P/E ratio of -80.94, a price-to-earnings-growth ratio of 1.16 and a beta of 1.54. The business has a fifty day moving average of $90.70 and a two-hundred day moving average of $87.11. The company has a quick ratio of 0.74, a current ratio of 1.27 and a debt-to-equity ratio of 0.95.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. BTIG Research assumed coverage on Crocs in a research report on Tuesday, March 10th. They set a “neutral” rating on the stock. Robert W. Baird set a $110.00 target price on Crocs in a research report on Friday, February 13th. UBS Group raised their price objective on Crocs from $85.00 to $97.00 and gave the company a “neutral” rating in a report on Friday, February 13th. Stifel Nicolaus lifted their target price on shares of Crocs from $90.00 to $99.00 and gave the stock a “hold” rating in a research note on Friday, February 13th. Finally, Needham & Company LLC upped their target price on shares of Crocs from $118.00 to $132.00 and gave the stock a “buy” rating in a report on Tuesday, April 21st. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $102.73.

Key Crocs News

Here are the key news stories impacting Crocs this week:

• Positive Sentiment: Q1 results topped Street estimates — Crocs reported $2.99 EPS vs. consensus ~ $2.76 and revenue of $921.5M vs. ~ $899.6M; management raised full‑year guidance after the beat, which supports upside for shares. Press Release: Crocs Reports Better-Than-Expected Q1 and Raises Outlook
• Positive Sentiment: Management raised revenue and EPS outlook for FY2026 (FY EPS guidance 13.20–13.75 and revenue now expected roughly flat to down 1% vs. prior slightly down view), signaling confidence in recovery vs prior guidance. Proactive Investors: Crocs raises full-year outlook
• Positive Sentiment: Direct‑to‑consumer (DTC) strength helped the beat — DTC revenues grew double digits (Zacks cites +12% y/y), supporting margin and brand momentum for core Crocs products. Zacks: Q1 Earnings Beat on DTC Growth
• Neutral Sentiment: Analyst coverage and price targets updated — a broker note set a target near $102.73, indicating mixed analyst reactions and giving investors a benchmark. American Banking News: Broker Target
• Neutral Sentiment: Corporate responsibility update published — Crocs released its 2025 Comfort Report detailing sustainability and purpose initiatives; long‑term ESG progress may matter to some investors but has limited near‑term earnings impact. PR Newswire: 2025 Comfort Report
• Negative Sentiment: HEYDUDE brand softness and a cautious Q2 margin/guidance note pressured sentiment — some coverage notes weakness at HEYDUDE and investor focus on near‑term brand mix risk. Benzinga: Why Is Crocs Stock Falling?
• Negative Sentiment: Q2 and FY guide nuance — Q2 EPS guide (4.15–4.35) and FY EPS range partially undershot or roughly matched some consensus points, and Q1 revenue was down ~1.7% y/y; those details prompted caution despite the beat. MSN: Shares Down on Q2 Outlook

Insider Activity

In other news, EVP Anne Mehlman sold 12,145 shares of the company’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $100.06, for a total transaction of $1,215,228.70. Following the completion of the sale, the executive vice president owned 131,112 shares of the company’s stock, valued at $13,119,066.72. This represents a 8.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Crocs

A number of large investors have recently modified their holdings of CROX. AQR Capital Management LLC increased its stake in shares of Crocs by 399.0% in the 3rd quarter. AQR Capital Management LLC now owns 1,266,799 shares of the textile maker’s stock worth $105,841,000 after acquiring an additional 1,012,943 shares during the last quarter. Fuller & Thaler Asset Management Inc. increased its stake in shares of Crocs by 78.7% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 907,988 shares of the textile maker’s stock worth $77,651,000 after acquiring an additional 399,964 shares during the last quarter. Incision Capital Management LP acquired a new stake in shares of Crocs in the 4th quarter worth $27,794,000. Patient Capital Management LLC increased its stake in shares of Crocs by 28.9% in the 4th quarter. Patient Capital Management LLC now owns 758,797 shares of the textile maker’s stock worth $64,892,000 after acquiring an additional 170,003 shares during the last quarter. Finally, Two Sigma Investments LP increased its stake in shares of Crocs by 1,171.9% in the 3rd quarter. Two Sigma Investments LP now owns 162,040 shares of the textile maker’s stock worth $13,538,000 after acquiring an additional 149,300 shares during the last quarter. Hedge funds and other institutional investors own 93.44% of the company’s stock.

Crocs Company Profile

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.