CROX
Crocs, Inc.91.65
+0.99+1.09%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Q&A adds NA product color, reaffirms guide
Q&A elaborated Crocs' North America recovery via clog innovations like crafted clog, Crocband, and Echo 2.0, plus sandals and digital prowess, to offset promo anniversary drag—yet no pricing shifts implied. HeyDude's wholesale cleanup progresses with H2 growth eyed, inventories at sell-out parity, but no new partners added. Management detailed lighter Q1 tariff hit (100bps) versus Q2 (200bps), AI experiments sans P&L upside, and bifurcated NA consumer favoring newness. International shines across China, Japan, Europe, India. Answers reaffirmed prepared guidance crisply. No contradictions surfaced. Watch NA execution, HeyDude inflection.
Key Stats
Market Cap
5.01BP/E (TTM)
31.82Basic EPS (TTM)
2.88Dividend Yield
0%Recent Filings
10-K
FY2025 results
Crocs posted FY2025 revenues of $4.0B, down 1.5% y/y, with Crocs Brand up 1.5% on higher volumes while HEYDUDE plunged 13.3% from weak U.S. demand. Q4 buybacks accelerated, nabbing 2.2M shares for $180M under a $1B authorization, yet HEYDUDE impairments crushed ops income to $150M from $1.0B. Gross margin slipped to 58.3% on tariffs, but DTC mix held firm at 52%. Debt sits at $1.2B with $952M revolver room. Supply chain disruptions threaten Q4 momentum.
8-K
Crocs beats FY25 targets
Crocs reported full-year 2025 revenues of $4.04B, down 1.5% yet beating expectations, with Crocs Brand up 1.5% on 11.9% international growth while HEYDUDE fell 13.3%. HEYDUDE impairments crushed GAAP profits, but adjusted EPS held at $12.51. Cash flow funded $577M share repurchases—10% of shares. Expects flat 2026 revenues, modest adjusted margin expansion.
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.
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
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.
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