Crocs falls after weak Q3 forecasts, Q2 profit miss
CROX•Third-quarter guidance below estimates
Crocs said it expects third-quarter revenue to be flat compared with last year and adjusted earnings per share of $3.20 to $3.30.
Analysts, on average, were expecting 2.4% third-quarter revenue growth and adjusted EPS of $3.53, according to data compiled by LSEG.
CROX said third-quarter revenue will fall due to a business model change that will be implemented with one of its largest marketplace partners.
"Debate has been whether North America Wholesale declines would flatten or even improve in second half of 2026 given growth in direct-to-consumer" - Raymond James.
Shares fall on weak outlook and profit miss
Crocs shares fell as much as 15.37% to $113 after the footwear maker forecast third-quarter results below estimates and reported second-quarter adjusted profit that missed expectations.
The stock was set for its worst day since August 2025 if losses held. Crocs is up 56% year to date, as of the previous close.
Second-quarter results and impairment charges
Crocs reported second-quarter adjusted EPS of $4.23, missing estimates of $4.34.
The company also logged and in non-cash impairment charges related to the and , respectively.
