Crocs raises full-year 2026 revenue guidance to up 1% to 2% year-over-year
Company expects full-year 2026 adjusted diluted EPS of $13.70-$14.00, up from prior $13.20-$13.75
Crocs sees Q3 2026 revenue approximately flat, adjusted diluted EPS $3.20-$3.30
Result drivers
DTC GROWTH - Direct-to-consumer revenues rose 12% overall, with Crocs Brand DTC up 12.9% and HEYDUDE DTC up 7.2%
WHOLESALE DECLINE - Wholesale revenues fell 7.2% overall, with Crocs Brand down 5.0% and HEYDUDE down 17.2%
INTERNATIONAL STRENGTH - International revenues for Crocs Brand rose 7.8%, offsetting flat growth in North America
Analyst coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 7 "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 $127.50, about 4.5% below its July 29 closing price of $133.52
The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 6 three months ago
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