Crocs Q3 revenue beats estimates on international growth 

Overview

• U.S. casual footwear maker's Q3 revenue rose 4.6%, beating analyst expectations

• Adjusted EPS for Q3 beat analyst expectations

• Company repurchased $250 mln in shares during Q3

Outlook

• Crocs raises 2026 revenue growth outlook to about 3% from prior 1%-2% guidance

• Company expects 2026 adj diluted EPS of $14.45-$14.65, up from $13.70-$14.00 prior

• Crocs forecasts Q4 2026 revenue growth of 7%-9% year-over-year

Result Drivers

• INTERNATIONAL GROWTH - Crocs brand revenue rose, driven by double-digit international growth and product diversification

• HEYDUDE RECOVERY - HEYDUDE brand returned to growth with a 6% revenue increase

• DTC MOMENTUM - Direct-to-consumer revenue grew 6.9%, outpacing wholesale channel

Company press release:

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 7 "hold" and 1 "sell" or "strong sell"

• The average consensus recommendation for the footwear peer group is "buy"

• Wall Street's median 12-month price target for Crocs, Inc. is $145.00, about 21.1% above its October 28 closing price of $119.69

• The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 9 three months ago

Reuters Recommended Reads

• Oct 29 - Adidas sees return to growth in Europe in fourth-quarter, confirms raised guidance

• Oct 29 - Nike deepens India push with new running shoe, seeking fresh growth engines

• Oct 28 - VF Corp Q2 revenue beats estimates on brand performance

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)