Crocs (NASDAQ:CROX) Issues Quarterly Earnings Results

Crocs (NASDAQ:CROX) announced its quarterly earnings results on Thursday. The textile maker reported $2.99 earnings per share for the quarter, topping the consensus estimate of $2.78 by $0.21, FiscalAI reports. The company had revenue of $921.46 million for the quarter, compared to the consensus estimate of $900.57 million. Crocs had a positive return on equity of 48.29% and a negative net margin of 2.58%.The firm’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same period last year, the firm earned $3.00 EPS. 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 NASDAQ:CROX traded up $1.90 during trading on Friday, reaching $103.88. 1,351,619 shares of the company’s stock traded hands, compared to its average volume of 1,319,805. Crocs has a fifty-two week low of $73.21 and a fifty-two week high of $122.84. The company has a quick ratio of 0.74, a current ratio of 1.67 and a debt-to-equity ratio of 0.93. The firm has a market cap of $5.20 billion, a PE ratio of -82.44, a P/E/G ratio of 1.19 and a beta of 1.54. The company has a 50-day simple moving average of $90.70 and a 200-day simple moving average of $87.11.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on CROX shares. Stifel Nicolaus increased their price target on Crocs from $90.00 to $99.00 and gave the stock a “hold” rating in a research report on Friday, February 13th. Wall Street Zen raised Crocs from a “hold” rating to a “buy” rating in a research report on Saturday, April 11th. KeyCorp reaffirmed a “sector weight” rating on shares of Crocs in a research report on Thursday, January 22nd. Williams Trading raised Crocs from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 8th. Finally, UBS Group increased their price target on Crocs from $97.00 to $107.00 and gave the stock a “neutral” rating in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $103.73.

Trending Headlines about Crocs

Here are the key news stories impacting Crocs this week:

• Positive Sentiment: Crocs beat Q1 expectations — EPS $2.99 vs. $2.78 consensus and revenue $921.5M vs. $900.6M — and raised its full‑year outlook, citing healthy DTC growth that supports higher margin expectations. Crocs, Inc. Reports Better-Than-Expected First Quarter 2026 Results And Raises Full-Year Outlook
• Positive Sentiment: Management highlighted DTC revenue growth (+12% y/y) that helped drive the beat and prompted a lift to FY EPS guidance (now 13.20–13.75), which reassures investors on margin recovery and topline stability. Crocs Q1 Earnings Beat Estimates on DTC Growth, View Raised
• Neutral Sentiment: UBS raised its price target to $107 (from $97) but kept a “neutral” rating — signaling improved valuation but not an upgrade in conviction. This provides some analyst support but limited catalyst. UBS Adjusts Price Target on Crocs to $107 from $97, Maintains Neutral Rating
• Neutral Sentiment: Other brokerage target updates cluster around the low‑$100s (median targets near current levels), suggesting consensus expectations are close to the current trading price. Brokerages Set Crocs, Inc. (NASDAQ:CROX) Target Price at $102.73
• Neutral Sentiment: Crocs published its 2025 Comfort Report (sustainability & purpose updates). This bolsters long‑term brand positioning but is unlikely to move near‑term earnings expectations. Crocs, Inc. Publishes 2025 Comfort Report Detailing Updates on Purpose & Sustainability
• Negative Sentiment: Some coverage noted intraday weakness as investors focused on soft spots: management flagged HEYDUDE brand pressure and Q2 EPS guidance that sits near (or slightly below) consensus, prompting profit‑taking despite the beat. Why Is Crocs Stock Falling Thursday?
• Negative Sentiment: Additional reports highlighted shares dipping on the Q2 outlook and specific category weakness, a reminder that topline is still showing pockets of softness even as margins improve. Crocs Inc CROX Q1 earnings shares down on Q2 outlook

Insider Activity at Crocs

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

Institutional Investors Weigh In On Crocs

Institutional investors have recently modified their holdings of the business. Parallel Advisors LLC grew its position in shares of Crocs by 60.2% during the 3rd quarter. Parallel Advisors LLC now owns 495 shares of the textile maker’s stock valued at $41,000 after acquiring an additional 186 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted 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 valued at $79,000 after buying an additional 459 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 valued at $65,000 after buying an additional 663 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake 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 in the last quarter. Finally, Wexford Capital LP purchased a new position in Crocs in the 3rd quarter valued at about $84,000. 93.44% of the stock is currently owned by institutional investors and hedge funds.

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.