S&P 500 5,235.18 +1.02%EUR/USD 1.0840 +0.21%GBP/USD 1.2710 +0.14%USD/JPY 149.50 −0.18%BRENT $82.40 −0.81%BTC $67,800 −0.21%GOLD $2,341 +0.55%NASDAQ 16,420.55 +0.74%S&P 500 5,235.18 +1.02%EUR/USD 1.0840 +0.21%GBP/USD 1.2710 +0.14%USD/JPY 149.50 −0.18%BRENT $82.40 −0.81%BTC $67,800 −0.21%GOLD $2,341 +0.55%NASDAQ 16,420.55 +0.74%
A daily business newspaper · Founded in 2026

Money Talk

Finance and markets: business, quotes, gold, energy and releases.

Crocs Raises Full-Year Forecast Following Strong Third-Quarter Gains

A surge in international demand and a surprising turnaround for the HeyDude brand have prompted Crocs to hike its full-year financial outlook. The casual footwear giant reported a sharp rise in third-quarter profit, comfortably outpacing Wall Street expectations and signaling resilience for its core molded clog business.

Crocs Raises Full-Year Forecast Following Strong Third-Quarter Gains

Net income for the quarter climbed to $216.8 million, or $4.52 a share, a significant jump from the $145.8 million recorded during the same period last year. Revenue reached $1.04 billion, a 4.6% increase that topped analyst consensus. The company’s namesake brand grew 4.4% to $873 million, while the HeyDude segment added $170 million, marking a 6.1% rise fueled by stronger wholesale performance.

Chief Executive Andrew Rees attributed the performance to double-digit growth in international markets and a successful product diversification strategy. Supported by a 66.2% gross margin, the company now projects adjusted full-year earnings between $14.45 and $14.65 per share. Looking to the final quarter, Crocs anticipates total revenue growth of 7% to 9%, with HeyDude expected to sustain its momentum with a projected increase of 10% to 12%.

Share article
TelegramXFacebook

When reusing this material a link to Money Talk is required.

Comments (0)

Leave a comment

No comments yet. Be the first!