Crocs, Inc., along with its affiliated entities, specializes in the design, development, production, promotion, and distribution of everyday footwear and accessories for ...
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Est. EPS $3.30 · Revenue $1.00B · 10 analysts
Est. EPS $3.10 · Revenue $997.01M · 9 analysts
Est. EPS $13.95 · Revenue $4.10B · 8 analysts
Est. EPS $3.22 · Revenue $940.64M · 6 analysts
| Metric | Latest | YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength. | QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes. |
|---|---|---|---|
| RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three). | $4.0B | -1.5% | +28.0% |
| Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day. | $-81.2M | -108.5% | +48.9% |
| Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials. | +57.0% | -3.0% | +4.7% |
| Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on). | +22.0% | -11.8% | +11.1% |
| Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales. | -2.0% | -108.7% | +16.4% |
| Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock. | $659.2M | -28.6% | +434.5% |
| FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine. | +16.3% | -27.5% | +361.4% |
| Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe. | 124.8% | +34.6% | +0.9% |
| Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking. | 1.27x | +7.4% | -10.6% |
| Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground. | $4.2B | -13.2% | +0.3% |
| Metric | Annual (A vs E) | Annual Surprise | Quarter (A vs E) | Quarter Surprise |
|---|---|---|---|---|
| EPS Surprise | -1.50 vs 12.14 | -112.4% | 4.12 vs 3.30 | +24.9% |
| Revenue Surprise | $4.0B vs $4.0B | +1.0% | $1.2B vs $1.0B | +17.5% |
| Date | Executive | Title | Security | Side | Shares | Price |
|---|---|---|---|---|---|---|
| Aug 10, 2026 | Rees Andrew | director, officer: Chief Executive Officer | Common Stock | D | 9,576 | $138.38 |
| Aug 10, 2026 | Rees Andrew | director, officer: Chief Executive Officer | Common Stock | D | 8,696 | $139.39 |
| Aug 10, 2026 | Rees Andrew | director, officer: Chief Executive Officer | Common Stock | D | 800 | $140.02 |
| Aug 7, 2026 | Rees Andrew | director, officer: Chief Executive Officer | Common Stock | D | 5,796 | $137.41 |
| Aug 7, 2026 | Rees Andrew | director, officer: Chief Executive Officer | Common Stock | D | 4,204 | $137.96 |
Operator: Good day, and welcome to the Crocs Second Quarter 2026 Earnings Call. [Operator Instructions] Please note this event is being recorded. I would now like to turn the conference over to Abby Ritter, Investor Relations. Please go ahead. Abigail Ritter: Good morning, and thank you for joining us to discuss Crocs Inc.'s Second Quarter 2026 results. With me today are Andrew Rees, Chief Executive Officer; and Patrick Reagan, Executive Vice President and Chief Financial Officer. Following their prepared remarks, we will open the call for your questions, which we ask that you limit to one per caller. Before we begin, I would like to remind you that some of the information provided on this call is forward-looking and accordingly is subject to the safe harbor provisions of the federal securities laws. These statements involve known and unknown risks, uncertainties and other factors, which may cause our actual results, performance or achievements to differ materially. Please refer to our most recent annual report on Form 10-K, quarterly report on Form 10-Q and other reports filed with the SEC for more information on these risks and uncertainties. Certain financial metrics that we refer to as adjusted or non-GAAP are non-GAAP measures. A reconciliation of these amounts to their GAAP counterparts is contained in the press release we issued earlier this morning. All revenue growth rates will be cited on a constant currency basis unless otherwise stated. At this time, I'll turn the call over to Andrew Rees, Crocs, Inc.'s Chief Executive Officer. Andrew Rees: Thank you, Abby, and good morning, everyone. Thank you for joining us today. We delivered a stronger-than-expected second quarter, driven by broad consumer demand for both brands and consistent execution of our brand strategies. This fueled our powerful value creation engine, generating strong free cash flow, which returned to shareholders in the form of debt paydown and meaningful share repurchases. While Patrick will discuss our quarterly performance in more detail later, I would like to start by sharing several financial highlights and reviewing our performance by brand. For the second quarter of 2026, we delivered record enterprise revenues of $1.2 billion, up 2% to prior year, including Crocs brand up 4% and HEYDUDE down 6%. This quarter marked an important inflection for both brands, including a major milestone as the Crocs brand exceeded $1 billion in quarterly revenue for the first time ever. Another quarter of strong direct-to-consumer growth for both brands. Crocs brand DTC up 12%, including reduced promotional activity and HEYDUDE DTC up 7% despite lower performance marketing spend. Crocs Brand International revenue growth was 7% and North America returning to slight growth, a key milestone for the Crocs brand. Meaningful return of cash to shareholders with approximately 2.3 million shares repurchased for $251 million and debt paydown of $31 million. Furthermore, earlier this week, we …
| Name | Title | Compensation | Gender | Year Born | Status |
|---|---|---|---|---|---|
Rupert Campbell | Executive VP & President of the Heydude Brand | USD 5,335,955 | Male | — | Active |
Andrew Rees | Chief Executive Officer & Director | USD 3,525,205 | Male | 1967 | Active |
Anne Mehlman | Executive Vice President & Brand President for Crocs | USD 1,658,576 | Female | 1981 | Active |
Terence Reilly | Executive Vice President & Chief Brand Officer | USD 1,552,746 | Male | 1968 | Active |
Thomas Britt | Executive Vice President & Chief Information Officer | USD 1,260,254 | Male | 1964 | Active |
Patraic Reagan | Executive Vice President & Chief Financial Officer | USD 1,210,914 | Male | 1972 | Active |
Sara Hoverstock | Executive VP & Chief Legal Officer | — | Female | — | Active |
Shannon Sisler | Executive Vice President & Chief People Officer | — | Female | 1975 | Active |
Erik Olson | Senior Vice President of Global Sourcing & Product Execution | — | Male | — | Active |
Abigail Kathleen Ritter | Senior Manager of Investor Relations & Strategic Finance | — | Female | — | Active |
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Crocs, Inc. (CROX) Q2 2026 Earnings Call Transcript
CROX tops Q2 estimates as DTC and international demand lift sales, pushing Crocs past $1 billion in quarterly revenues.
The footwear maker raised its sales and profit outlook for the full year, but expectations for the current quarter missed Wall Street targets. Shares fell.
Crocs, Inc. (NASDAQ:CROX) shares fell almost 10% on Thursday after the footwear company issued a weaker-than-expected third quarter outlook, as tariff pressures and continued weakness at its HEYDUDE brand weighed on sentiment, despite a second-quarter earnings and revenue beat. The company forecast Q3 adjusted earnings per share of $3.20 to $3.30 on roughly flat revenue, below Wall Street expectations for adjusted EPS of around $3.53 to $3.55 and revenue of about $1 billion.
