Crocs jumps on upbeat annual forecast, $100 million cost-savings plan
12/02/2026 12:29
** Footwear maker Crocs CROX.O rises nearly 12% to $92.60 premarket ** Expects 2026 revenue to range between a 1% fall and a marginal rise, compared to analysts' estimates of a 0.8% drop, as per data compiled by LSEG ** Sees adjusted earnings per share of $12.88 to $13.35, above estimates of $11.89 ** CROX also topped fourth-quarter sales and profit expectations, supported by strong holiday season demand for Crocs footwear in DTC channels internationally ** CEO Andrew Rees says targeting $100 million of cost savings in 2026 ** Stock fell ~22% in 2025 (Reporting by Savyata Mishra in Bengaluru) ((Savyata.Mishra@thomsonreuters.com))