Crocs jumps on profit forecast hike, Q3 earnings beat

By Reuters News12:32 (UTC), 29 October 2026 Updated

** Shares of footwear maker Crocs CROX.O rise 18.1% to $141.3 premarket

** Stock on track to open at highest level in over two years, if gains hold

** Co raises FY26 adj. EPS forecast to $14.45 - $14.65, up from previous forecast of $13.70 - $14.00

** Also sees about 3% revenue growth in FY26, up from prior forecast of 1% - 2%

** Posts Q3 revenue and adj. EPS of 1.04 bln and $3.69, respectively, beating analysts' consensus estimates of $1 bln and $3.30, according to data compiled by LSEG

** Upbeat results driven by double-digit international revenue growth and continued momentum across our product diversification strategy - CEO Andrew Rees

** Nine of 17 brokerages rate the stock "buy" or higher, seven "hold" and one "sell"; median PT is $145 - data compiled by LSEG

** As of last close, stock up 40% YTD

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