CROX
Crocs, Inc.91.65
+0.99+1.09%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
FY Q3 '25
Key Stats
Market Cap
5.01BP/E (TTM)
31.82Basic EPS (TTM)
2.88Dividend Yield
0%Recent Filings
10-Q
Q3 FY2025 results
Crocs posted Q3 revenues of $996.3M, down 6.2% y/y yet holding gross margin steady at 58.5% despite tariff hits, with operating income at $207.7M (-23.0% y/y) and diluted EPS $2.70 (-19.6% y/y, confirmed vs. 53.989M shares). Crocs Brand dipped 2.5% y/y to $836.2M on lower volume, offset by higher ASP, while HEYDUDE plunged 21.6% y/y to $160.1M amid right-sizing wholesale inventory. Cash from operations YTD hit $457.9M, funding $45.1M capex for $412.8M FCF (derived); $154.0M cash backs $1.3B debt (incl. $152M revolver draw, $847.4M available). Share buybacks devoured $204.8M. Tariffs shadow margins.
8-K
Q3 revenues drop 6.2%
Crocs reported Q3 2025 revenues down 6.2% to $996M, with Crocs brand off 2.5% on international strength yet HEYDUDE plunging 21.6% amid wholesale weakness. Operating income fell 23% to $208M, but cash flow funded $203M share repurchases and $63M debt paydown. Q4 outlook sees revenues down 8%, adjusted EPS $1.82-$1.92. Cost savings ramp up.
8-K
CFO transition at Crocs
Crocs appointed Patraic Reagan as EVP and CFO effective September 22, 2025, succeeding Susan Healy who resigned immediately on August 28 but will advise through October 31. Reagan, ex-CFO of SharkNinja and Nike veteran, gets $750,000 base, $800,000 sign-on, and $3.5M RSUs vesting over 36 months. Healy forfeits unvested equity. Company reaffirmed Q3 2025 outlook.
8-K
Q2 revenues up 3.4%, HEYDUDE impaired
Crocs reported Q2 revenues up 3.4% to $1,149M, with Crocs brand growing 5.0% to $960M while HEYDUDE fell 3.9% to $190M. Noncash impairments hit HEYDUDE trademark ($430M) and goodwill ($307M), swinging operations to a $428M loss; adjusted operating income held at $309M. Repaid $105M debt, repurchased $133M shares. Q3 revenues to drop 9-11%; tariffs loom.
10-Q
Q2 FY2025 results
Crocs posted Q2 revenues of $1.1B, up 3.4% y/y, with Crocs Brand growing 5.0% y/y to $960M on higher volume yet HEYDUDE dropping 3.9% y/y to $190M amid weak U.S. demand. Gross margin ticked up to 61.7% from reduced discounting, but $738M asset impairments—$430M on HEYDUDE trademark and $307M goodwill—flipped operations to a $428M loss from $326M profit. Operating loss exceeded net loss by taxes on non-deductible impairments. Cash hit $201M with $218M YTD operating cash flow; debt steady at $1.4B face value and $784M revolver availability. Share repurchases totaled $194M YTD. Tariffs hit HEYDUDE hard. Buybacks continue.
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