Crocs delivers third-quarter growth and further raises full-year outlook

Crocs' shares rose 25.54% to $150.26 after Q3 earnings beat estimates and raised annual outlook. Revenue hit $1.04B, EPS $3.69. Heydude subsidiary returned to growth, up 6.1%. CEO Andrew Rees cited improved brand strategy and profitability.

UBS raised its price target on Crocs (CROX) to $145 from $120, citing strong Q3 results and raised guidance. The stock has surged 26% in a week. UBS noted macro uncertainty but sees balanced risk. Crocs reported adjusted earnings of $3.69 per share and revenue of $1.04B, exceeding expectations. Goldman Sachs also raised its target to $128 but maintained a Sell rating.

Crocs raised its 2026 revenue outlook to 3% growth, up from 1-2%, after Q3 sales rose 4.6% to $1.04B. The Crocs brand grew 4.4%, while HEYDUDE returned to growth with a 6.1% increase. Adjusted EPS rose 26.4% to $3.69. The company repurchased $250M in shares and repaid $21M in debt.

Goldman Sachs raised its price target on Crocs (CROX) to $128 from $95, citing stronger growth, improved profitability, and a positive outlook. The stock has surged 75.7% year-to-date. Crocs reported stronger-than-expected Q3 results, with adjusted earnings of $3.69 per share and revenue of $1.04 billion, raising its full-year outlook. The HEYDUDE brand showed positive performance after two years of negative results.

Crocs shares surged 25.54% to $150.26 after strong Q3 results and an upgraded full-year outlook. Adjusted EPS of $3.69 beat estimates, and revenue reached $1.04 billion. HEYDUDE, a subsidiary, saw a 6.1% revenue increase. CEO Andrew Rees cited growth across brands and regions. Last year, shares plunged 30% due to weak guidance and market trends.

Crocs (CROX) stock rose 25% after Q3 revenue of $1B (+4.6% YoY) and EPS of $3.69 beat estimates. Sales grew in direct-to-consumer and international markets, with HeyDude brand rebounding. Management expects Q4 growth acceleration and raised EPS guidance to $3.25-$3.45.