Crocs (CROX) Q3 2026 Earnings
Adjusted EPS excludes $64,071 thousand of non-recurring IEEPA tariff refunds and $2,688 thousand of related interest income (GAAP diluted EPS was $4.52), as well as distribution center transition costs, cost savings and severance charges, and intra-entity IP tax impacts
How Did CROX Stock React to Q3 2026 Earnings?
Did CROX Beat Earnings? Q3 2026 Results
Yes. Crocs reported Q3 2026 earnings of $3.69 a share on Oct 29, 2026, beating the $3.31 consensus estimate by 11.5%. Revenue was $1.0B against a $1.0B estimate.
Crocs, Inc. delivered a broad-based beat in the third quarter of 2026, extending its streak of consensus EPS beats to six consecutive quarters as adjusted diluted EPS of $3.69 cleared the $3.31 analyst estimate by 11.50% and revenue of $1.04 billion topped forecasts by 3.94%, rising 4.7% year over year. The headline numbers were powered by international momentum within the Crocs Brand, where international revenues climbed 11.8% and international direct-to-consumer sales surged 24.1%, more than offsetting a 2.1% dip in North America. Equally notable was HEYDUDE's return to growth, with that brand posting a 6.1% revenue gain, driven by a 14.0% jump in wholesale, fulfilling a commitment management had made to investors. GAAP results were lifted by $64.07 million in non-recurring IEEPA tariff refunds, which the company excluded from its adjusted figures. Looking ahead, Crocs raised its full-year 2026 adjusted EPS outlook to $14.45 to $14.65 and now expects revenue growth of approximately 3%, with fourth-quarter revenue guided up 7% to 9%.
- Crocs Brand international revenue up 11.8%, with international DTC up 24.1%
- Crocs Brand DTC revenue up 8.2%
- HEYDUDE wholesale revenue up 14.0%, returning the brand to growth
- IEEPA tariff refunds of $64.1 million boosted GAAP gross margin to 66.2%
- Adjusted gross margin up 180 basis points to 60.3%
- Adjusted operating margin of 22.3% vs 20.8%
- Lower share count from buybacks (diluted shares of 47,954 thousand vs 53,989 thousand)
“We delivered a strong third quarter with growth across brands, channels and geographies, while expanding margins year over year through disciplined execution of our brand strategies. 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.”
Crocs CEO, on the earnings call
What Is Crocs's Outlook?
Full-year 2026: - Revenue up approximately 3% vs 2025 (raised from up 1% to 2%), at currency rates as of October 26, 2026. - Crocs Brand up approximately 4% (from up 2% to 3%). - HEYDUDE approximately flat (from down 4% to 2%). - Non-GAAP net benefit of $40 million, primarily from tariff refunds and cost reduction initiatives. - Adjusted operating margin to expand modestly from 22.5% (previously expansion from 22.3%). - GAAP effective tax rate approximately 23%; adjusted effective tax rate approximately 18%. - GAAP diluted EPS of $14.71 to $14.91. - Adjusted diluted EPS of $14.45 to $14.65 (from $13.70 to $14.00), assuming no impact from future buybacks. - Capex of $70 million to $80 million. Fourth quarter 2026: - Revenue up 7% to 9%, with Crocs Brand up 6% to 8% and HEYDUDE up 10% to 12%. - Adjusted operating margin approximately 20.5%. - GAAP diluted EPS of $3.04 to $3.24. - Adjusted diluted EPS of $3.25 to $3.45.
CROX YoY Financials
| Metric | Q3 2026 | Q3 2025 | Year over year |
|---|---|---|---|
| Revenue | $1.0B | $996.3M | +4.7% |
| Gross Profit | $689.7M | $583.0M | +18.3% |
| Operating Income | $291.9M | $207.7M | +40.6% |
| Net Income | $216.8M | $145.8M | +48.7% |
CROX Revenue by Segment
CROX Revenue by Geography
Figures from SEC filings and company reports. Not investment advice.