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Crocs Q3 revenue beats estimates on international growth 

By Reuters News


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

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Beat

$1.04 bln

$1.003 bln (14 Analysts)

Q3 Adjusted EPS

Beat

$3.69

$3.30 (15 Analysts)

Q3 EPS

$4.52

Q3 Adjusted Gross Margin

60.30%

Q3 Adjusted Income From Operations

$232 mln


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


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(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.)

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