Crocs (CROX) Q3 2025

Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025

Earnings

Crocs, Inc. Delivered a meaningful earnings beat in Q3 2025, even as the broader revenue picture remained under pressure. The footwear company posted adjusted diluted EPS of $2.92, clearing the $2.36 consensus estimate by 23.71%, while revenue of $99… Read more Crocs, Inc. Delivered a meaningful earnings beat in Q3 2025, even as the broader revenue picture remained under pressure. The footwear company posted adjusted diluted EPS of $2.92, clearing the $2.36 consensus estimate by 23.71%, while revenue of $996.30 million edged past expectations by 3.62%, though it still marked a 6.2% decline from the prior year. The headline story remains the ongoing struggle at HEYDUDE, where wholesale revenues plunged 38.6% as the company worked through excess channel inventory, dragging the brand's total revenue down 21.6% and offsetting relative stability in the core Crocs brand, which benefited from 5.8% international growth. Profitability felt the weight of that volume pressure, with adjusted operating margin contracting to 20.8% from 25.4% a year earlier. Management signaled continued headwinds, guiding Q4 revenues down approximately 8% and adjusted EPS of $1.82 to $1.92, though an incremental $100 million in gross cost savings identified for 2026 pointed to a deliberate pivot toward operating leverage as top-line recovery remains a work in progress.