Crocs posts Q3 earnings beat, lifts full‑year outlook and shares jump 25%
Crocs reported third‑quarter adjusted earnings of $3.69 per share on revenue of $1.04 billion, surpassing analysts’ expectations. The results were driven by 6.1% year‑over‑year growth at its HeyDude brand and 11.8% international revenue growth. The company raised its full‑year adjusted EPS guidance to $14.45‑$14.65 and its revenue‑growth outlook to about 3%. Shares closed at $150.26, up 25.54% on the day.
Why it matters
Analysts note that the higher guidance suggests stronger earnings through the year, which could support the recent share rally. The raised outlook also implies better profitability for investors in the upcoming holiday quarter.
Key facts
- 1Adjusted EPS for Q3 was $3.69, beating the forecast of $3.31. finance.biggo.com
- 2Q3 revenue was $1.04 billion, topping the $1 billion expectation. finance.biggo.com
- 3Full‑year adjusted EPS guidance was lifted to $14.45‑$14.65 from $13.70‑$14.00. finance.biggo.com
- 4Full‑year revenue‑growth forecast was raised to about 3% from the prior 1‑2% range. finance.biggo.com
- 5HeyDude revenue grew 6.1% year‑over‑year in Q3. finance.biggo.com
- 6International revenue for the Crocs brand increased 11.8% year‑over‑year. finance.biggo.com
Summary written by AlphAI AI Desk from 6 of 6 sources. Not investment advice. Figures are as stated by the linked sources.