Crocs (NASDAQ:CROX) Posts Quarterly Earnings Results, Beats Expectations By $0.21 EPS

Crocs (NASDAQ:CROX) posted its earnings results on Thursday. The textile maker reported $2.99 earnings per share for the quarter, topping the consensus estimate of $2.78 by $0.21, FiscalAI reports. The business had revenue of $921.46 million for the quarter, compared to analyst estimates of $900.57 million. Crocs had a negative net margin of 2.01% and a positive return on equity of 45.17%. The firm’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.00 EPS. Crocs updated its Q2 2026 guidance to 4.150-4.350 EPS and its FY 2026 guidance to 13.200-13.750 EPS.

Here are the key takeaways from Crocs’ conference call:

• We delivered a better?than?expected Q1 with enterprise revenue of $921 million, strong DTC growth (Crocs DTC +11%, HEYDUDE DTC +8%), best?in?class inventory turns above 4x and quarter?to?date share repurchases of 800,000 shares ($74M) underway.
• Product newness and category diversification are driving momentum—reintroduced clog franchises, sandals that management expects to approach a half?billion dollars this year, and high?profile collaborations (Lego, LoveShackFancy, Disney) that sold out or drove significant engagement.
• Management flagged headwinds from the war in the Middle East—reduced distributor sales in the region plus higher transportation and resin costs from elevated oil/prices are embedded in guidance and add near?term margin pressure and macro uncertainty.
• Guidance was updated modestly optimistic—full?year enterprise revenue now expected roughly flat (+1% to -1%), HEYDUDE guidance improved (down ~5%–7%), and adjusted EPS raised to $13.20–$13.75 with management expecting modest operating?margin expansion.

Crocs Price Performance

Shares of CROX traded up $1.90 during mid-day trading on Friday, hitting $103.88. 1,351,619 shares of the company traded hands, compared to its average volume of 1,297,909. The company has a current ratio of 1.27, a quick ratio of 0.74 and a debt-to-equity ratio of 0.95. The stock has a market capitalization of $5.20 billion, a price-to-earnings ratio of -82.44, a PEG ratio of 1.16 and a beta of 1.54. The business has a 50-day moving average of $90.70 and a 200 day moving average of $87.11. Crocs has a one year low of $73.21 and a one year high of $122.84.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Barclays upped their price objective on shares of Crocs from $109.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Friday. UBS Group boosted their target price on Crocs from $97.00 to $107.00 and gave the stock a “neutral” rating in a report on Friday. Piper Sandler restated a “neutral” rating and set a $95.00 price target on shares of Crocs in a research report on Thursday, February 12th. Monness Crespi & Hardt lifted their price objective on Crocs from $100.00 to $130.00 and gave the company a “buy” rating in a research report on Friday, February 13th. Finally, Wall Street Zen raised Crocs from a “hold” rating to a “buy” rating in a research note on Saturday, April 11th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, Crocs presently has a consensus rating of “Hold” and a consensus target price of $103.73.

Key Headlines Impacting Crocs

Here are the key news stories impacting Crocs this week:

• Positive Sentiment: Crocs beat Q1 expectations — EPS $2.99 vs. $2.78 consensus and revenue $921.5M vs. $900.6M — and raised its full?year outlook, citing healthy DTC growth that supports higher margin expectations. Crocs, Inc. Reports Better-Than-Expected First Quarter 2026 Results And Raises Full-Year Outlook
• Positive Sentiment: Management highlighted DTC revenue growth (+12% y/y) that helped drive the beat and prompted a lift to FY EPS guidance (now 13.20–13.75), which reassures investors on margin recovery and topline stability. Crocs Q1 Earnings Beat Estimates on DTC Growth, View Raised
• Neutral Sentiment: UBS raised its price target to $107 (from $97) but kept a “neutral” rating — signaling improved valuation but not an upgrade in conviction. This provides some analyst support but limited catalyst. UBS Adjusts Price Target on Crocs to $107 from $97, Maintains Neutral Rating
• Neutral Sentiment: Other brokerage target updates cluster around the low?$100s (median targets near current levels), suggesting consensus expectations are close to the current trading price. Brokerages Set Crocs, Inc. (NASDAQ:CROX) Target Price at $102.73
• Neutral Sentiment: Crocs published its 2025 Comfort Report (sustainability & purpose updates). This bolsters long?term brand positioning but is unlikely to move near?term earnings expectations. Crocs, Inc. Publishes 2025 Comfort Report Detailing Updates on Purpose & Sustainability
• Negative Sentiment: Some coverage noted intraday weakness as investors focused on soft spots: management flagged HEYDUDE brand pressure and Q2 EPS guidance that sits near (or slightly below) consensus, prompting profit?taking despite the beat. Why Is Crocs Stock Falling Thursday?
• Negative Sentiment: Additional reports highlighted shares dipping on the Q2 outlook and specific category weakness, a reminder that topline is still showing pockets of softness even as margins improve. Crocs Inc CROX Q1 earnings shares down on Q2 outlook

Insiders Place Their Bets

In other Crocs news, EVP Anne Mehlman sold 12,145 shares of the company’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of $100.06, for a total transaction of $1,215,228.70. Following the transaction, the executive vice president owned 131,112 shares of the company’s stock, valued at approximately $13,119,066.72. This represents a 8.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On Crocs

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Centaurus Financial Inc. acquired a new stake in Crocs during the 3rd quarter worth $100,000. Prelude Capital Management LLC acquired a new position in shares of Crocs in the 3rd quarter valued at $208,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Crocs by 97.7% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,193 shares of the textile maker’s stock worth $183,000 after purchasing an additional 1,084 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new stake in shares of Crocs during the third quarter worth $210,000. Finally, NorthRock Partners LLC acquired a new stake in shares of Crocs during the third quarter worth $206,000. Institutional investors own 93.44% of the company’s stock.

Crocs Company Profile

Crocs, Inc is a global footwear designer, developer and distributor best known for its lightweight, proprietary Croslite™ foam-clog construction. The company’s product portfolio encompasses a range of styles, including clogs, sandals, slides, boots and sneakers, all featuring the slip-resistant, odor-resistant and cushion-providing qualities of the Croslite material. Crocs distributes its products through an omnichannel network that includes e-commerce platforms, company-owned retail stores, authorized dealers and wholesale partners.

Founded in 2002 by Scott Seamans, Lyndon “Duke” Hanson and George Boedecker Jr., Crocs launched its first clog on the island of Vail, Colorado.