Crocs (NASDAQ:CROX) Issues Quarterly Earnings Results

Crocs (NASDAQ:CROX) announced its earnings results on Thursday. The textile maker reported $4.55 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter in the previous year, the business posted ($8.82) earnings per share. The firm’s quarterly revenue was up 2.6% compared to the same quarter last year. 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 Trading Down 7.4%

Shares of CROX traded down $9.86 on Thursday, hitting $123.66. 3,007,031 shares of the stock traded hands, compared to its average volume of 1,239,604. The company has a quick ratio of 1.04, a current ratio of 1.67 and a debt-to-equity ratio of 0.93. The firm has a market capitalization of $6.14 billion, a P/E ratio of -89.61, a P/E/G ratio of 1.41 and a beta of 1.55. The stock’s 50 day moving average is $125.21 and its two-hundred day moving average is $102.93. Crocs has a 1 year low of $73.21 and a 1 year high of $140.42.

Analysts Set New Price Targets

Several brokerages recently issued reports on CROX. UBS Group upgraded Crocs from a “neutral” rating to a “buy” rating in a research report on Monday, June 8th. Wall Street Zen upgraded Crocs from a “hold” rating to a “buy” rating in a report on Saturday, April 11th. Barclays raised their price target on Crocs from $109.00 to $110.00 and gave the stock an “equal weight” rating in a research report on Friday, May 1st. Piper Sandler raised Crocs from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $95.00 to $150.00 in a report on Friday, June 26th. Finally, Royal Bank Of Canada started coverage on Crocs in a research note on Monday, June 8th. They set an “overweight” rating on the stock. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Crocs currently has a consensus rating of “Moderate Buy” and a consensus price target of $128.00.

Insider Transactions at Crocs

In other Crocs news, CEO Andrew Rees sold 32,688 shares of Crocs stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $118.09, for a total value of $3,860,125.92. Following the completion of the sale, the chief executive officer directly owned 743,293 shares of the company’s stock, valued at approximately $87,775,470.37. The trade was a 4.21% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.10% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Parallel Advisors LLC grew its position in shares of Crocs by 60.2% in the third quarter. Parallel Advisors LLC now owns 495 shares of the textile maker’s stock valued at $41,000 after purchasing an additional 186 shares during the period. National Bank of Canada FI boosted its stake in Crocs by 597.3% in the 3rd quarter. National Bank of Canada FI now owns 774 shares of the textile maker’s stock worth $65,000 after buying an additional 663 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Crocs by 159.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 746 shares of the textile maker’s stock worth $79,000 after buying an additional 459 shares during the last quarter. Wexford Capital LP purchased a new stake in Crocs in the 3rd quarter valued at about $84,000. Finally, EverSource Wealth Advisors LLC grew its holdings 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 buying an additional 634 shares during the period. Hedge funds and other institutional investors own 93.44% of the company’s stock.

Key Stories Impacting Crocs

Here are the key news stories impacting Crocs this week:

• Positive Sentiment: Crocs reported record second-quarter revenue of $1.18 billion, up 2.6% year over year, while adjusted EPS of $4.55 exceeded the roughly $4.35 consensus estimate. The Crocs Brand surpassed $1 billion in quarterly revenue for the first time, supported by direct-to-consumer and international demand. Crocs Q2 earnings beat estimates
• Positive Sentiment: Management raised its full-year 2026 adjusted EPS outlook to $13.70-$14.00 from prior guidance, while revenue is expected to grow approximately 1%-2%. The company also increased its share-repurchase authorization by $1.5 billion, leaving approximately $2 billion available for buybacks. Crocs reports record second-quarter results
• Neutral Sentiment: The stock experienced a temporary LULD trading pause amid heavy trading activity, indicating elevated volatility but providing no direct change to the company’s fundamentals.
• Negative Sentiment: Third-quarter adjusted EPS guidance of $3.20-$3.30 came in below analysts’ expectations near $3.53-$3.55. Revenue guidance of approximately $996 million also trailed forecasts of about $1 billion, creating concern about near-term earnings momentum. Crocs third-quarter guidance disappoints
• Negative Sentiment: Tariff pressures and continued weakness at the HEYDUDE brand weighed on the outlook. HEYDUDE revenue fell 5.7% to $179 million in the quarter, partly offsetting 4.3% growth in the Crocs Brand. Crocs shares slide on weak outlook

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.