Crocs Shares Rise 19% as Q3 Revenue Reaches $1.04 Billion and 2026 Guidance Increases

Crocs (NASDAQ:CROX) reported third-quarter 2026 earnings and revenue above analysts’ expectations on Thursday, raising its full-year financial outlook for the third consecutive time. Shares of the footwear company advanced 19.41% in premarket trading following the announcement.

Adjusted earnings per share reached $3.69, exceeding the consensus estimate of $3.30. Revenue increased 4.6% to $1.04 billion from $996 million in the corresponding quarter last year, surpassing analysts’ expectations of $1 billion.

The company reported revenue growth across both its Crocs and HEYDUDE brands, alongside an increase in adjusted operating margin.

Crocs Brand Revenue Increases to $873 Million

The Crocs Brand generated third-quarter revenue of $873 million, representing growth of 4.4% compared with the previous year.

The company attributed the brand’s performance partly to double-digit international revenue growth and its ongoing product diversification strategy.

HEYDUDE returned to revenue growth during the quarter, with sales increasing 6.1% to $170 million.

The increases across both brands contributed to the company’s consolidated revenue growth of 4.6%.

Chief Executive Officer Andrew Rees commented:

“We delivered a strong third quarter with growth across brands, channels and geographies, while expanding margins YoY through disciplined execution of our brand strategies.”

He added:

“The Crocs Brand delivered a record third quarter with revenues up 4%, led by double-digit international revenue growth and continued momentum across our product diversification strategy.”

Full-Year 2026 Earnings Guidance Raised

Crocs increased its adjusted earnings per share forecast for 2026 to a range of $14.45 to $14.65.

The revised guidance exceeds analysts’ consensus estimate of $13.96 per share.

The company also raised its annual revenue growth forecast to approximately 3%, compared with its previous expectation of 1% to 2%.

This marked the third consecutive increase in Crocs’ full-year financial outlook.

Fourth-Quarter Earnings Forecast Exceeds Estimates

For the fourth quarter of 2026, Crocs expects adjusted earnings per share between $3.25 and $3.45.

The midpoint of the guidance range, $3.35, is above the analyst consensus estimate of $3.11.

The company also forecasts fourth-quarter revenue growth of 7% to 9% compared with the corresponding period of the previous year.

The guidance reflects management’s expectations for continued revenue growth across its business during the final quarter of 2026.

Operating Margin Expands as Share Repurchases Continue

Crocs reported an adjusted operating margin of 22.3% for the third quarter, compared with 20.8% in the prior-year period.

The increase represented an improvement of 1.5 percentage points.

During the quarter, the company repurchased approximately 2.0 million shares for a total of $250 million, at an average purchase price of $123.32 per share.

The results showed higher revenue and adjusted earnings, growth across both footwear brands and an increase in operating profitability.

Crocs shares rose 19.41% in premarket trading as investors assessed the quarterly figures and revised financial guidance.

Crocs stock price