Crocs Q4 EPS Beats by $0.37 to $2.29; Cost Savings Plan $100M
Crocs delivered adjusted Q4 EPS of $2.29, beating estimates by $0.37 while revenues of $957.6 million, down 3.2% year over year, topped the $919 million consensus. The company plans $100 million of 2026 cost savings and forecasts Q1 revenues to decline 3.5–5.5% with EPS of $2.67–$2.77.
1. Q4 Earnings and Revenues
Crocs delivered adjusted earnings per share of $2.29 in its fourth quarter, surpassing the $1.92 consensus estimate by $0.37. Revenue fell 3.2% year over year to $957.6 million, exceeding the $919 million consensus.
2. Segment Performance
Direct-to-consumer revenues rose 4.7% while wholesale declined 14.5%, driving the Crocs brand to $768 million in sales. The HEYDUDE brand saw a 16.9% drop to $189 million due to a 40.5% wholesale decline and flat DTC results.
3. Cost Savings and Outlook
Management has recognized $100 million in cost savings for 2026 and expects first-quarter revenues to decline 3.5–5.5% with EPS of $2.67–$2.77. Full-year 2026 EPS is forecast at $12.88–$13.35, with $70–80 million in capital expenditures.