Crocs, Inc. 8K

Crocs, Inc. announced better-than-expected Q1 2026 results, driven by strong DTC performance, and raised its full-year 2026 revenue and adjusted EPS guidance despite mixed brand and channel trends.

Crocs, Inc. reported its first quarter 2026 results, highlighting better-than-expected performance driven by strong direct-to-consumer growth across both the Crocs and HEYDUDE brands, despite a 1.7% year-over-year decline in consolidated revenue to $921 million due primarily to weaker wholesale trends. GAAP operating income fell 9.9% and diluted EPS declined 4.2% to $2.71, while non-GAAP diluted EPS was essentially flat at $2.99. The Crocs brand grew modestly overall with strength in DTC and international markets offsetting North American wholesale softness, whereas the HEYDUDE brand saw double-digit revenue declines concentrated in wholesale, partially offset by DTC gains. The company modestly reduced total borrowings year-over-year, executed $73.6 million of share repurchases after quarter-end, and generated negative free cash flow in the quarter due to working capital and capex. Based on the quarter’s outperformance versus expectations, Crocs raised its full-year 2026 outlook, now guiding consolidated revenue to a range of down 1% to up 1% versus 2025 (improving HEYDUDE guidance and keeping Crocs roughly flat to modestly up), non-GAAP operating margin above 22.3%, and higher adjusted diluted EPS of $13.20–$13.75, while also providing second quarter guidance for slightly lower revenues year-over-year, an adjusted operating margin of about 24.7%, and adjusted EPS of $4.15–$4.35.

Filing Facts

CIK

1334036

Ticker

-

Form

8K

Source Type

sec

Accession

0001334036-26-000029

Alert Tier

7