Crocs Raises 2026 Outlook After Q3 Beat and HEYDUDE Growth

Crocs raised its full-year 2026 revenue and earnings forecasts after reporting third-quarter sales and adjusted profit above analysts’ expectations, while its HEYDUDE brand returned to growth. Shares surged during Thursday trading as investors responded to the results and outlook. Revenue for the quarter was $1.04 billion, up 4.6% from a year earlier. Adjusted diluted earnings per share were $3.69, compared with analysts’ consensus estimate of $3.31. On a generally accepted accounting principles basis, diluted earnings per share were $4.52, including $64.1 million in tariff refunds that Crocs excluded from its adjusted figures. HEYDUDE revenue rose 6.1% to $170 million, ending six consecutive quarterly declines, according to Bloomberg reporting. Wholesale sales for the brand increased 14%, while direct-to-consumer revenue edged up 0.1%. Chief Executive Andrew Rees described the return to growth as a milestone for the brand, which Crocs acquired in 2022. Revenue from the Crocs brand increased 4.4% to $873 million. International sales rose 11.8% to $434 million, while North American revenue fell 2.1% to $438 million. Direct-to-consumer sales for the Crocs brand grew 8.2%. The...