Companies

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

Oct 30, 2026 United States

The US-based footwear company reported a 4.6% increase in revenue in the third quarter, driven by growth across its brands and distribution channels. As a result, it has raised its 2026 full-year outlook

“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 (…). As a result, we are raising our full-year 2026 enterprise revenue growth outlook to approximately 3%”, said Andrew Rees, Chief Executive Officer.

Third Quarter Results

In the third quarter of the 2026 financial year, Crocs recorded a consolidated revenue of 1.04 billion euros, reflecting an increase of 4.6% on both a reported and constant currency basis, compared to the same period of last year.

During this period, DTC revenue rose by 6.9% on both a reported and constant currency basis, while wholesale revenue grew by 1.8%, or 1.9% on a constant currency basis, compared to the third quarter of the 2025 financial year.

The Crocs brand generated revenue of 873 million US dollars in the third quarter, representing a 4.4% year-on-year increase on both a reported and constant currency basis. While revenue from North America declined by 2.1%, or 2.0% on a constant currency basis, revenue from international markets grew by 11.8%, or 11.7% on a constant currency basis.

Meanwhile, Heydude sales generated a revenue of 170 million US dollars, reflecting an increase of 6.1%, or 6.2% on a constant currency basis, compared to the third quarter of 2025. According to the CEO of the company, this marks “an important milestone as we delivered on our commitment stated earlier in the year to return the brand to growth”.

In the third quarter of this year, Crocs saw its gross margin rise to 66.2% from 58.5% in the same period a year earlier, while the adjusted gross margin rose by 180 basis points to 60.3%. Income from operations grew by 40.6% year-on-year to 292 million US dollars, taking the operating margin up to 28%, and adjusted operating income increased by 11.7% to 232 million US dollars.

The footwear company reported that diluted earnings per share increased by 67.4% to 4.52 US dollars in the third quarter, compared to the same quarter of 2025. Adjusted diluted earnings per share rose by 26.4% to 3.69 US dollars.

Full-Year Outlook

For the full year of 2026, the company has increased its revenue growth forecast to around 3%, up from its previous guidance of 1% to 2%. By brand, Crocs revenue is now expected to increase by around 4%, up from the previous forecast of 2% to 3%. Meanwhile, Heydude revenue is expected to remain broadly flat, which is an improvement on the previous forecast of a decline of 4% to 2%.

The company has also raised its adjusted diluted earnings per share forecast to between 14.45 and 14.65 US dollars, up from 13.70 to 14.00 US dollars.

Image Credits: wdwnt.com

United States Companies Crocs Footwear Quarter Results Results