Crocs (NASDAQ:CROX) Issues Quarterly Earnings Results

Crocs (NASDAQ:CROX) released its earnings results on Thursday. The textile maker reported $2.29 earnings per share for the quarter, beating analysts’ consensus estimates of $1.92 by $0.37, FiscalAI reports. Crocs had a net margin of 4.48% and a return on equity of 43.14%. The firm had revenue of $957.64 million for the quarter, compared to analysts’ expectations of $916.16 million. During the same period in the previous year, the company earned $2.52 earnings per share. The company’s quarterly revenue was down 3.3% on a year-over-year basis. Crocs updated its FY 2026 guidance to 12.880-13.350 EPS and its Q1 2026 guidance to 2.670-2.770 EPS.

Here are the key takeaways from Crocs’ conference call:

• FY25 produced over $4.0 billion of revenue and $659 million of free cash flow, which funded repurchases of ~6.5 million shares for $577 million and $128 million of debt paydown, leaving net leverage at the low end of the 1.0–1.5x target range.
• The Crocs brand showed momentum with a better-than-expected holiday, double-digit international growth (China +30%), DTC representing >50% of enterprise revenue and outpacing wholesale, and product diversification (clogs 74% of mix, sandals ~13%, expanding personalization and high-profile partnerships like LEGO).
• HEYDUDE revenue declined 14% in FY25 to $715 million after aggressive wholesale cleanup and reduced performance marketing (about $45 million of foregone revenue in H2), though management expects the brand to return to growth in H2 2026 as inventory and channels normalize.
• Tariffs remain a headwind (now an estimated unmitigated annualized impact of ~$80 million, with ~100bp Q1 and ~200bp Q2 GM pressure), but the company has identified $100 million of cost savings and expects modest full-year adjusted gross margin improvement and adjusted EPS of $12.88–$13.35.
• 2026 outlook is conservative: enterprise revenue guided to flat to down 1% (Crocs brand flat to +2% led by ~10% international growth offset by North America declines; HEYDUDE down ~7–9%), with Q1 revenue expected down 3.5%–5.5% and Q1 adjusted EPS of $2.67–$2.77.

Crocs Stock Performance

Shares of CROX opened at $98.46 on Friday. Crocs has a 52-week low of $73.21 and a 52-week high of $122.84. The stock’s 50-day simple moving average is $86.67 and its 200 day simple moving average is $84.76. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.83 and a current ratio of 1.40. The stock has a market capitalization of $5.11 billion, a price-to-earnings ratio of 32.07 and a beta of 1.56.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Barclays set a $109.00 price objective on Crocs in a research note on Friday. Robert W. Baird reaffirmed a “neutral” rating and set a $100.00 price target on shares of Crocs in a research report on Wednesday, January 7th. Weiss Ratings raised Crocs from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday. UBS Group restated a “neutral” rating on shares of Crocs in a research note on Tuesday, February 3rd. Finally, KeyCorp reiterated a “sector weight” rating on shares of Crocs in a research report on Thursday, January 22nd. Four equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $102.91.

Key Stories Impacting Crocs

Here are the key news stories impacting Crocs this week:

• Positive Sentiment: Q4 results and FY‑2026 guidance beat expectations — adjusted EPS $2.29 vs. ~$1.92 consensus and revenue $957.6M vs. ~ $916M; FY‑2026 EPS guide of 12.880–13.350 tops consensus, supporting a re‑rating of the stock. Crocs, Inc. Reports Fourth Quarter and Full‑Year 2025 Results
• Positive Sentiment: Company repurchased 6.5M shares for ~$577M and highlighted cost savings & debt reduction — actions that boost EPS outlook and investor confidence. Crocs, Inc. Reports Fourth Quarter and Full‑Year 2025 Results
• Positive Sentiment: Market reaction: shares surged (nearly 20% at one point) as investors priced in better holiday demand and the stronger outlook. Crocs Stock Soared Nearly 20% on Thursday— What Investors Need to Know
• Neutral Sentiment: Earnings mix — direct‑to‑consumer sales rose modestly (+4.7%) and the core Crocs brand grew, but total revenue was down ~3% YoY; the beat was aided by cost controls. Investors should watch whether top‑line momentum continues. Crocs’ Q4 Earnings Top Estimates, Direct‑to‑Consumer Revenues Up 4.7%
• Neutral Sentiment: Earnings call tone was mixed — management balanced growth ambition with caution, citing channel and regional variability; execution on initiatives and cadence of margin improvement are key near‑term drivers. Crocs Earnings Call Balances Growth Ambition With Caution
• Neutral Sentiment: Technical/market structure note — some analysts flagged CROX as entering overbought territory after the jump; short interest data in filings appeared noisy/uncertain and shouldn’t be relied on this release. Crocs Stock Just Jumped Into Overbought Territory
• Negative Sentiment: Underlying weaknesses: Heydude brand sales fell sharply (~‑17% reported in some coverage) and overall revenue remains below last year — structural or brand mix headwinds could pressure growth if not reversed. Crocs (CROX) Stock Jumps 14% After Beating Q4 Earnings Expectations
• Negative Sentiment: Some analysts and coverage call holiday sales “uninspiring” despite the beat — if future quarters don’t show sustainable top‑line recovery, valuation support could fade. Crocs: Uninspiring Sales, But The Stock Is Cheap (Rating Upgrade)

Institutional Investors Weigh In On Crocs

A number of institutional investors and hedge funds have recently modified their holdings of CROX. Parallel Advisors LLC grew its stake in Crocs by 60.2% during the third quarter. Parallel Advisors LLC now owns 495 shares of the textile maker’s stock valued at $41,000 after acquiring an additional 186 shares in the last quarter. National Bank of Canada FI lifted 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 purchasing an additional 663 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings 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 valued at $79,000 after purchasing an additional 459 shares during the period. Wexford Capital LP purchased a new position in shares of Crocs during the 3rd quarter valued at $84,000. Finally, EverSource Wealth Advisors LLC grew its position in shares of Crocs by 278.1% during 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 in the last quarter. 93.44% of the stock is owned by hedge funds and other institutional investors.

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.