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Crocs

Crocs (CROX) Q1 2026 Earnings

Reported Apr 30, 2026 at 7:06 AM ET · SEC Source

Q1 26 EPS

$2.99

BEAT +7.78%

Est. $2.77

Q1 26 Revenue

$921.5M

BEAT +2.29%

Est. $900.9M

vs S&P Since Q1 26

+18.5%

BEATING MARKET

CROX +21.6% vs S&P +3.1%

Market Reaction

Did CROX Beat Earnings? Q1 2026 Results

Crocs, Inc. Delivered a stronger-than-expected first quarter for fiscal 2026, beating Wall Street on both the top and bottom lines despite a modest year-over-year revenue decline, extending its streak of consensus EPS beats to four consecutive quarte… Read more Crocs, Inc. Delivered a stronger-than-expected first quarter for fiscal 2026, beating Wall Street on both the top and bottom lines despite a modest year-over-year revenue decline, extending its streak of consensus EPS beats to four consecutive quarters. Adjusted diluted EPS of $2.99 cleared the $2.74 consensus estimate by 7.78%, while revenue of $921.46 million topped expectations by 2.29%, even as total sales slipped 1.7% from a year ago. The central drag remains the HEYDUDE brand, where wholesale revenue plunged 24.7% as the company continues rationalizing distribution, pulling segment revenue down 12.3% to $154.04 million. The core Crocs brand provided meaningful offset, growing 0.8% to $767.42 million on the strength of a 12.9% surge in direct-to-consumer sales and 7.2% international revenue growth, countering a 6.1% decline in North America. With investor attention already focused on margin pressures heading into the report, management's decision to raise full-year adjusted EPS guidance to $13.20 to $13.75, up from $12.88 to $13.35, offered a constructive signal on the company's confidence in its cost reduction trajectory.

Key Takeaways

  • • Broad consumer relevance for both Crocs and HEYDUDE brands
  • • Direct-to-consumer channel growth of 12.1% overall (10.2% constant currency)
  • • Crocs Brand international revenue growth of 7.2% (2.3% constant currency)
  • • Crocs Brand DTC growth of 12.9%, with international DTC up 31.2%
  • • HEYDUDE DTC growth of 8.6% partially offsetting wholesale declines
  • • Consistent brand storytelling and product innovation

CROX Forward Guidance & Outlook

For Q2 2026, revenues expected down slightly YoY; Crocs Brand up ~1%-3%, HEYDUDE Brand down ~14%-12%; adjusted operating margin ~24.7%; adjusted diluted EPS $4.15-$4.35. For full year 2026, revenues now expected down ~1% to up 1% (raised from prior guidance of down 1% to up slightly); Crocs Brand flat to up ~2%; HEYDUDE Brand down ~7%-5% (improved from down 9%-7%); adjusted operating margin to expand modestly from 22.3%; adjusted effective tax rate ~18%; GAAP effective tax rate ~23%; adjusted diluted EPS $13.20-$13.75 (raised from $12.88-$13.35); capital expenditures $70-$80 million; ~$25 million in non-GAAP adjustments primarily for cost reduction initiatives.

24/7 Wall St

CROX YoY Financials

Q1 2026 vs Q1 2025, source: SEC Filings

24/7 Wall St

CROX Revenue by Segment

With YoY comparisons, source: SEC Filings

Q1 25 Q1 26
24/7 Wall St

CROX Revenue by Geography

With YoY comparisons, source: SEC Filings

Q1 25 Q1 26

“We are pleased to have started the year with better-than-expected results, fueled by broad consumer relevance for both of our brands and disciplined execution against our strategy. We delivered enterprise revenue of over $900 million including growth in our direct-to-consumer channels for both brands. We are encouraged by strong consumer response to product newness across categories, supported by our high pace of innovation and consistent brand storytelling.”

— Andrew Rees, Q1 2026 Earnings Press Release

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