"We are incredibly proud of our better-than-expected first quarter performance despite what has been an increasingly volatile macroeconomic backdrop since the onset of the year. Both our Crocs and HEYDUDE brands contributed to the outperformance with gross margins, operating margins, adjusted earnings per share, and cash flow coming in above plan. Our financial strength enabled us to return shareholder value through $61 million in share repurchases, while remaining well within our net leverage target range, ...

Core Insights - Crocs, Inc. reported better-than-expected first quarter 2025 performance despite a volatile macroeconomic environment, with contributions from both Crocs and HEYDUDE brands leading to strong gross margins, operating margins, adjusted earnings per share, and cash flow [2][3] - The company has withdrawn its 2025 financial guidance due to uncertainties in the global trade environment and consumer behavior [3][8] Financial Performance - Consolidated revenues for Q1 2025 were $937 million, approximately flat compared to the previous year, with a 1.4% increase on a constant currency basis [7] - Direct-to-consumer (DTC) revenues grew by 2.3%, or 3.5% on a constant currency basis, while wholesale revenues contracted by 1.6% [7] - Gross margin improved to 57.8% from 55.6%, with adjusted gross margin increasing by 180 basis points to 57.8% [7] - Selling, general, and administrative expenses (SG&A) rose by 7.8% to $319 million, representing 34.0% of revenues, compared to 31.5% in the previous year [7] - Income from operations decreased by 1.5% to $223 million, resulting in an operating margin of 23.8% [7] - Diluted earnings per share increased by 13.2% to $2.83, while adjusted diluted earnings per share remained approximately flat at $3.00 [7] Brand Performance - Crocs brand revenues increased by 2.4% to $762 million, or 4.2% on a constant currency basis, with DTC revenues up by 1.1% and wholesale revenues up by 3.2% [7] - HEYDUDE brand revenues decreased by 9.8% to $176 million, with DTC revenues increasing by 8.3% but wholesale revenues declining by 17.9% [7] Balance Sheet and Cash Flow - Cash and cash equivalents were $166 million, up from $159 million, while inventories were slightly down at $391 million compared to $392 million [7] - Total borrowings decreased to $1.482 billion from $1.727 billion [7] - The company repurchased approximately 0.6 million shares for $61 million during the quarter, with $1.3 billion remaining in share repurchase authorization [7] Market Outlook - The CEO expressed confidence in the company's ability to navigate periods of uncertainty and emphasized the potential to gain market share by focusing on controllable factors and competitive advantages [2][3]

Core Viewpoint - Crocs, Inc. is expected to report a decline in both revenue and earnings per share for the first quarter of 2025, with challenges stemming from the HEYDUDE brand and a volatile operating environment [1][2][3]. Financial Performance - The consensus estimate for revenues is $909.6 million, reflecting a 3.1% decrease from the previous year [1]. - Earnings per share are estimated at $2.51, indicating a 16.9% decline year-over-year [1]. - The company has a trailing four-quarter earnings surprise of 17.8% on average, with the last quarter surpassing estimates by 10.04% [2]. Brand Performance - The HEYDUDE brand is facing significant challenges, with expected revenue declines of 14-16% due to weak wholesale demand [4]. - The Crocs brand is projected to have flat to slightly down revenue performance, although international growth may provide some support [4]. - Direct-to-consumer (DTC) revenues are growing, but overall brand momentum is under pressure [2][5]. Market Conditions - Crocs anticipates a 3.5% year-over-year revenue decline, influenced by currency fluctuations, with a $19 million adverse impact from foreign currency [3]. - The North America business is expected to decline by mid-single digits, partially due to the timing shift of the Easter holiday [4]. Valuation - Crocs is trading at a forward 12-month price-to-earnings ratio of 7.11X, which is below both its five-year high of 34.18X and the industry average of 10.15X, indicating an attractive valuation opportunity [7]. Stock Performance - Over the past six months, Crocs' shares have decreased by 9.1%, contrasting with the industry growth of 17.6% [8].

Crocs (CROX) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended March 2025. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on May 8, 2025, might help the stock move higher if these key numbers are better than expectations. ...

In late 2024, I rated Crocs, Inc. (NASDAQ: CROX ) as a buy because the company seemed very reasonably priced from a valuation perspective and the business was continuing to grow revenue while improving margins. Analyst's Disclosure: I/we have a beneficial long position in the shares of CROX either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business rel ...

Core Insights - HEYDUDE and Jelly Roll are restocking their sold-out collaboration shoe, providing fans with a "Second Chances" opportunity to purchase the product [1][2][3] - The collaboration emphasizes individual style and comfort, reflecting Jelly Roll's personal story and values [4][5] Company and Product Details - The Jelly Roll x HEYDUDE Suede Debossed Shoe will be available for purchase on April 29, with a waitlist open for fans starting April 18 [3] - HEYDUDE is launching HEYDUDE Blanks, a customizable product line that allows consumers to personalize their footwear with various options [4][5] Marketing and Brand Strategy - HEYDUDE aims to empower consumers to express their individual style, enhancing confidence and creativity through their products [5] - The partnership with Jelly Roll is positioned as a reflection of his life experiences, which resonates with the brand's target audience [4]

BROOMFIELD, Colo., April 17, 2025 /PRNewswire/ -- Crocs, Inc. (NASDAQ: CROX) announced today that on Thursday, May 8, 2025, at 8:30 am ET, it will host a conference call to discuss the results of its first quarter ended March 31, 2025.To receive conference call details, please register at the Investor Relations section of the Crocs website, investors.crocs.com. The webcast will also be available live and on replay through May 8, 2026 at this site.About Crocs, Inc.: Crocs, Inc. (Nasdaq: CROX), headquartered ...

Crocs, Inc. (CROX) has been reeling under rough waters, due to several challenges it has been facing for a while. Tough macroeconomic factors, including continued inflationary pressures along with intense competition and an increased promotional retail backdrop, have been making things difficult for the stock. Persistent softness at its HEYDUDE brand is also hurting.Consequently, shares of this leading footwear  dealer have lost 25.5% in the year, underperforming its Textile - Apparel industry’s 17.6% decli ...

Core Viewpoint - Investors in the Textile - Apparel sector should consider Crocs (CROX) and Revolve Group (RVLV) for potential value opportunities [1] Group 1: Company Rankings and Earnings Outlook - Crocs has a Zacks Rank of 2 (Buy), while Revolve Group has a Zacks Rank of 3 (Hold), indicating a stronger earnings outlook for CROX [3] - The Zacks Rank system emphasizes companies with positive earnings estimate revisions, suggesting that CROX is likely experiencing an improvement in its earnings outlook [3] Group 2: Valuation Metrics - CROX has a forward P/E ratio of 7.01, significantly lower than RVLV's forward P/E of 28.91, indicating that CROX may be undervalued [5] - The PEG ratio for CROX is 1.53, while RVLV's PEG ratio is 1.62, suggesting that CROX offers better value relative to its expected earnings growth [5] - CROX's P/B ratio is 2.94 compared to RVLV's P/B of 3.24, further supporting the notion that CROX is a more attractive investment based on valuation metrics [6] Group 3: Overall Value Assessment - Based on the solid earnings outlook and favorable valuation figures, CROX is considered the superior value option compared to RVLV [7]

Crocs (CROX) shares ended the last trading session 4.9% higher at $100.65. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 4.8% loss over the past four weeks.The company’s shares have rallied following the news that tariffs can come to negotiation terms for Vietnam, where CROX has majority of its third-party manufacturers. In addition, sturdy consumer demand, effective pricing strategies and lower fulfillment costs ...