Crocs (NASDAQ:CROX) Issues Quarterly Earnings Results

Crocs (NASDAQ:CROX) issued its quarterly earnings results on Thursday. The textile maker reported $2.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.78 by $0.21, FiscalAI reports. Crocs had a positive return on equity of 45.17% and a negative net margin of 2.01%.The firm had revenue of $921.46 million during the quarter, compared to analyst estimates of $900.57 million. During the same quarter in the previous year, the company posted $3.00 earnings per share. The company’s revenue was down 1.7% compared to the same quarter last year. 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 Stock Up 1.9%

CROX traded up $1.90 on Friday, hitting $103.88. The company had a trading volume of 1,351,619 shares, compared to its average volume of 1,297,909. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.27 and a quick ratio of 0.74. Crocs has a 52-week low of $73.21 and a 52-week high of $122.84. The firm has a market capitalization of $5.20 billion, a P/E ratio of -82.44, a P/E/G ratio of 1.16 and a beta of 1.54. The stock has a fifty day simple moving average of $90.70 and a 200-day simple moving average of $87.11.

Crocs News Summary

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

Wall Street Analyst Weigh In

Several analysts have issued reports on CROX shares. Wall Street Zen raised Crocs from a “hold” rating to a “buy” rating in a research note on Saturday, April 11th. Needham & Company LLC increased their target price on shares of Crocs from $118.00 to $132.00 and gave the company a “buy” rating in a report on Tuesday, April 21st. UBS Group increased their target price on shares of Crocs from $97.00 to $107.00 and gave the company a “neutral” rating in a report on Friday. BTIG Research started coverage on Crocs in a report on Tuesday, March 10th. They issued a “neutral” rating on the stock. Finally, Stifel Nicolaus boosted their price objective on Crocs from $90.00 to $99.00 and gave the company a “hold” rating in a research report on Friday, February 13th. 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 given a Sell rating to the stock. According to data from MarketBeat, Crocs currently has a consensus rating of “Hold” and a consensus target price of $103.73.

Insider Buying and Selling at Crocs

In related news, EVP Anne Mehlman sold 12,145 shares of Crocs stock in a transaction that occurred on 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. The trade was a 8.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Crocs

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP increased its stake in shares of Crocs by 0.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,447,096 shares of the textile maker’s stock valued at $123,760,000 after purchasing an additional 11,630 shares in the last quarter. AQR Capital Management LLC raised its stake in Crocs by 399.0% during the third quarter. AQR Capital Management LLC now owns 1,266,799 shares of the textile maker’s stock valued at $105,841,000 after buying an additional 1,012,943 shares during the last quarter. Alliancebernstein L.P. raised its stake in Crocs by 5.8% during the second quarter. Alliancebernstein L.P. now owns 1,180,405 shares of the textile maker’s stock valued at $119,551,000 after buying an additional 64,672 shares during the last quarter. Fuller & Thaler Asset Management Inc. raised its stake in Crocs by 78.7% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 907,988 shares of the textile maker’s stock valued at $77,651,000 after buying an additional 399,964 shares during the last quarter. Finally, Invesco Ltd. raised its stake in Crocs by 8.3% during the third quarter. Invesco Ltd. now owns 767,541 shares of the textile maker’s stock valued at $64,128,000 after buying an additional 58,734 shares during the last quarter. Institutional investors own 93.44% of the company’s stock.

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.