Crocs Q1 revenue falls less than expected on higher direct sales

Crocs

30/04/2026 12:13

Overview

U.S. casual footwear maker's Q1 revenue fell 1.7% but beat analyst expectations

Adjusted diluted EPS for Q1 dipped 0.3% year-over-year

Company raised full-year revenue and EPS outlook after strong DTC growth

Outlook

Crocs raises 2026 revenue outlook to down 1% to up 1% vs 2025

Company sees 2026 adjusted diluted EPS at $13.20 to $13.75, up from prior $12.88-$13.35

Q2 revenue expected to be down slightly; Crocs brand up 1%-3%, HEYDUDE brand down 14%-12%

Result Drivers

DTC GROWTH - Direct-to-consumer revenues grew 12.1% overall, with both Crocs and HEYDUDE brands seeing increases

WHOLESALE DECLINE - Wholesale revenues fell 9.9% overall, with HEYDUDE wholesale down 24.7% and Crocs wholesale down 6.5%

INTERNATIONAL GROWTH - Crocs brand international revenues rose 7.2%, offsetting North America declines

Company press release: ID:nPn5X89NPa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$921.46 mln
$900.88 mln (15 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 9 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the footwear peer group is "buy"

Wall Street's median 12-month price target for Crocs Inc is $109.00, about 8.8% above its April 29 closing price of $100.14

The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 7 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)